Smarter Decisions – The Intersection of Internet of Things and Decision Science

Chapter 2. Studying the IoT Problem Universe and Designing a Use Case

IoT is spread across the length and breadth of the industry. It has touched every possible industry vertical and horizontal. From consumer electronics, automobiles, aviation, energy, oil and gas, manufacturing, banking, and so on, almost every industry is benefiting from IoT. Problems arise in each of these individual business areas that need to be solved connoting the industry it is addressing, and therefore people often segregate the wide spectrum of IoT into smaller and similar groups. Thus, we see names such as Industrial IoT, Consumer IoT, and so on being referenced quite often these days. Keeping aside these broad divisions, we can simply divide the problems to solve in ...