The Internet of Things: Economic and Industrial Dimensions

Hans Werner Gottinger

doi:doi:10.11648/j.ijber.20170605.15

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The Internet of Things: Economic and Industrial Dimensions

Hans Werner Gottinger

Published in International Journal of Business and Economics Research (Volume 6, Issue 5)

Received: 21 August 2017 Accepted: 11 September 2017 Published: 30 October 2017

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Abstract

The paper shows how the Internet has moved to a radical expansion with the Internet of Things (IoT) with everything being connected up to a scale of aggregate capacity and complexity. It could evolve into a network where not only each node could be a computational device but by itself would also be an intelligent computing device that could replace human supervision and control as through Artificial Intelligence (AI). The Internet of Things (IoT) as being embedded in the ‘Industrial Internet’ (IIoT) is a new paradigm shift that comprehensively affects computers and networking technology. In German industry and beyond this is referred to as ‘Industry 4.0’. This technology is going to increase utilization and diversified connectivity followed by Bandwidth of the Internet. More and more (intelligent) devices in this network are connected to the Internet through various combinations of sensor networks.

Published in	International Journal of Business and Economics Research (Volume 6, Issue 5)
DOI	10.11648/j.ijber.20170605.15
Page(s)	115-123
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Internet of Things, Industrial Internet, Internet Technologies, Innovation, Artificial Intelligence, Security, Economic Benefits

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APA Style

Hans Werner Gottinger. (2017). The Internet of Things: Economic and Industrial Dimensions. International Journal of Business and Economics Research, 6(5), 115-123. https://doi.org/10.11648/j.ijber.20170605.15

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Hans Werner Gottinger. The Internet of Things: Economic and Industrial Dimensions. Int. J. Bus. Econ. Res. 2017, 6(5), 115-123. doi: 10.11648/j.ijber.20170605.15

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AMA Style

Hans Werner Gottinger. The Internet of Things: Economic and Industrial Dimensions. Int J Bus Econ Res. 2017;6(5):115-123. doi: 10.11648/j.ijber.20170605.15

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@article{10.11648/j.ijber.20170605.15,
  author = {Hans Werner Gottinger},
  title = {The Internet of Things: Economic and Industrial Dimensions},
  journal = {International Journal of Business and Economics Research},
  volume = {6},
  number = {5},
  pages = {115-123},
  doi = {10.11648/j.ijber.20170605.15},
  url = {https://doi.org/10.11648/j.ijber.20170605.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20170605.15},
  abstract = {The paper shows how the Internet has moved to a radical expansion with the Internet of Things (IoT) with everything being connected up to a scale of aggregate capacity and complexity. It could evolve into a network where not only each node could be a computational device but by itself would also be an intelligent computing device that could replace human supervision and control as through Artificial Intelligence (AI). The Internet of Things (IoT) as being embedded in the ‘Industrial Internet’ (IIoT) is a new paradigm shift that comprehensively affects computers and networking technology. In German industry and beyond this is referred to as ‘Industry 4.0’. This technology is going to increase utilization and diversified connectivity followed by Bandwidth of the Internet. More and more (intelligent) devices in this network are connected to the Internet through various combinations of sensor networks.},
 year = {2017}
}

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TY  - JOUR
T1  - The Internet of Things: Economic and Industrial Dimensions
AU  - Hans Werner Gottinger
Y1  - 2017/10/30
PY  - 2017
N1  - https://doi.org/10.11648/j.ijber.20170605.15
DO  - 10.11648/j.ijber.20170605.15
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 115
EP  - 123
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20170605.15
AB  - The paper shows how the Internet has moved to a radical expansion with the Internet of Things (IoT) with everything being connected up to a scale of aggregate capacity and complexity. It could evolve into a network where not only each node could be a computational device but by itself would also be an intelligent computing device that could replace human supervision and control as through Artificial Intelligence (AI). The Internet of Things (IoT) as being embedded in the ‘Industrial Internet’ (IIoT) is a new paradigm shift that comprehensively affects computers and networking technology. In German industry and beyond this is referred to as ‘Industry 4.0’. This technology is going to increase utilization and diversified connectivity followed by Bandwidth of the Internet. More and more (intelligent) devices in this network are connected to the Internet through various combinations of sensor networks.
VL  - 6
IS  - 5
ER  -

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Author Information

Hans Werner Gottinger

Strategic Economics, STRATEC Consulting, Munich, Germany

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APA Style

Hans Werner Gottinger. (2017). The Internet of Things: Economic and Industrial Dimensions. International Journal of Business and Economics Research, 6(5), 115-123. https://doi.org/10.11648/j.ijber.20170605.15

Copy | Download

ACS Style

Hans Werner Gottinger. The Internet of Things: Economic and Industrial Dimensions. Int. J. Bus. Econ. Res. 2017, 6(5), 115-123. doi: 10.11648/j.ijber.20170605.15

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AMA Style

Hans Werner Gottinger. The Internet of Things: Economic and Industrial Dimensions. Int J Bus Econ Res. 2017;6(5):115-123. doi: 10.11648/j.ijber.20170605.15

Copy | Download

@article{10.11648/j.ijber.20170605.15,
  author = {Hans Werner Gottinger},
  title = {The Internet of Things: Economic and Industrial Dimensions},
  journal = {International Journal of Business and Economics Research},
  volume = {6},
  number = {5},
  pages = {115-123},
  doi = {10.11648/j.ijber.20170605.15},
  url = {https://doi.org/10.11648/j.ijber.20170605.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20170605.15},
  abstract = {The paper shows how the Internet has moved to a radical expansion with the Internet of Things (IoT) with everything being connected up to a scale of aggregate capacity and complexity. It could evolve into a network where not only each node could be a computational device but by itself would also be an intelligent computing device that could replace human supervision and control as through Artificial Intelligence (AI). The Internet of Things (IoT) as being embedded in the ‘Industrial Internet’ (IIoT) is a new paradigm shift that comprehensively affects computers and networking technology. In German industry and beyond this is referred to as ‘Industry 4.0’. This technology is going to increase utilization and diversified connectivity followed by Bandwidth of the Internet. More and more (intelligent) devices in this network are connected to the Internet through various combinations of sensor networks.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - The Internet of Things: Economic and Industrial Dimensions
AU  - Hans Werner Gottinger
Y1  - 2017/10/30
PY  - 2017
N1  - https://doi.org/10.11648/j.ijber.20170605.15
DO  - 10.11648/j.ijber.20170605.15
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 115
EP  - 123
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20170605.15
AB  - The paper shows how the Internet has moved to a radical expansion with the Internet of Things (IoT) with everything being connected up to a scale of aggregate capacity and complexity. It could evolve into a network where not only each node could be a computational device but by itself would also be an intelligent computing device that could replace human supervision and control as through Artificial Intelligence (AI). The Internet of Things (IoT) as being embedded in the ‘Industrial Internet’ (IIoT) is a new paradigm shift that comprehensively affects computers and networking technology. In German industry and beyond this is referred to as ‘Industry 4.0’. This technology is going to increase utilization and diversified connectivity followed by Bandwidth of the Internet. More and more (intelligent) devices in this network are connected to the Internet through various combinations of sensor networks.
VL  - 6
IS  - 5
ER  -

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