Yes, the Public Sector Is Embracing IoT!
October 26, 2018 Leave a comment
By Tim Larkins, director, market intelligence
Most analysts agree that by 2021, over 20 billion Internet-connected devices worldwide will make up a market for the Internet of Things (IoT) worth over $2.5 trillion. That means a huge market opportunity for vendors providing technology at every point — from the user device to the platform itself.
In a nutshell, IoT allows devices to link and exchange data. It’s not a discrete technology like business applications or infrastructure or even cybersecurity. It’s more like a wrapper around all other technologies and is comprised of five major elements:
- The Edge: The devices, nodes and sensors actually collecting data
- The Gateway: Either a physical device or software that allows data to flow from the edge to the platform
- The IoT Platform: The operating environment, storage, computing power and development tools that receive data from the gateway
- Software Applications: Programs that let users solve business problems, working with data stored in the IoT platform
- Cybersecurity: The tools that protect all the nodes/sensors/devices at the edge and data transmitted through the gateway, platform, all the way to the user