Internet of Things: An exploration study of opportunities and challenges

Abstract

Internet of Things (IoT) has drawn great attention in industry, academia, and research As the IoT technology still in beginning of its implementation in all industries and so much research are ongoing to study and develop business model to grasp the opportunities brought by IoT. A research market conducted by Gartner expects that around 25 billion IoT devices or sensors to be connected by 2020. As expected IoT technology will enter every aspect of our life. Therefore, the main objective of this paper is to provide an exploration of how businesses will be affected by IoT introduction and listing the opportunities brought IoT technology and what challenges are facing its implementation.