Internet of Things: Buzzword or Business Value?

The Internet of Things (IoT), like big data, is a hot buzzword. But is IoT actually a new market? The concept of IoT has been around for decades. IoT is an evolution of the Machine to Machine (M2M) market, which focused largely on industrial industries. Today, M2M has evolved into IoT. It also goes by many other terms. GE focuses on a portion of IoT that it calls the Industrial Internet. Cisco calls it the Internet of Everything (IoE) and Microsoft coined the Internet of Your Things (IoYT). All of these terms describe an ever-expanding universe of connected devices and data.

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