There is little doubt that The Internet of Things (IoT) has been playing a pivotal role in automation, digital optimisation and digital transformation across a spectrum of industries, business functions and in B2B and B2C application areas. Especially since the period of 2008-2009, during which the usage of commercial and consumer IoT finally drove the number of worldwide devices to nearly double of the world’s population: A whopping increase of 23 times from 2003 till 2010. The importance of IoT can be gauged from two significant researches in the early 2010s : the highlighting of IoT in the Gartner Hype Cycle of 2011, and IDC’s 2013 estimates of the IoT technology and services spending to generate global revenues $8.9 trillion by 2020, with an estimated installed base of approximately 212 billion “things” globally by the end of 2020.
Along with e-commerce, mobility, social media, Cloud, Artificial Intelligence and Machine Learning (AI/ ML), Robotic Process Automation (RPA), Advanced Analytics, and Blockchain. IoT has been transforming many consumer, industrial, government and defence applications. These use cases are across supply chain, operations, customer…
