IoT Analytics defines the Internet of Things (IoT) as sensors and actuators embedded in physical objects that are linked through wired and wireless networks. McKinsey extended this definition to include the use of the same Internet Protocol (IP) that connects the Internet. Whichever way IoT is used – whether for automation and analysis or automation and control – an important element for IoT to work is for the various applications to be connected to the Internet. Figure 1: Six distinct applications of IoT Source: McKinsey 2019 5G – not the universal connectivity solution for IoT With countries launching 5G services [...]
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