IoT Value Chain Flashcards
What is the loT Value Chain?
The IoT Value Chain consists of several components and building blocks developed by various companies, each adding value to the overall loT solution.
What role does the Platform play in the loT Value Chain?
The Platform stores data from IoT devices, providing a central backbone that connects hardware and applications, offering features for device management, data analysis, and real-time action management.
What are APIs and SDKs in the context of loT platforms?
APIs (Application Programming Interfaces) are collections of procedures for accessing features and data of services, while SDKs (Software Development Kits) are tools that facilitate application development.
Name some major loT platforms offered by cloud service providers.
Examples include Microsoft Azure, Amazon Web Services (AWS), Bosch IoT Suite, and IBM Watson.
What is the role of Applications in the IoT Value Chain?
Applications are designed by system integrators and developers to meet specific industry needs, such as Salesforce for customer relationship management (CRM) and automation software.
What does the Hardware component of the IoT Value Chain consist of?
The Hardware component includes sensors, actuators, and communication hardware (chipsets and SIMs) that capture data and connect devices to networks.
Who are some major players in the Hardware component of the loT Value Chain?
Major chipset and smart object manufacturers include Bosch, Siemens, and Samsung.
What is the purpose of the Connectivity component in the loT Value Chain?
The Connectivity component delivers data captured by sensors to backend servers, enabling data collection and communication.
Who are the key players in the Connectivity network?
Mobile Network Operators (MINOs), such as Deutsche Telekom and T-Mobile, provide the connectivity necessary for loT solutions.
What component of the loT Value Chain typically brings the highest value?
The application component often brings the highest value (up to 40 percent) to IoT applications.
What are the four main components of the loT Value Chain?
The four main components are: 1) Platform: Backend systems for data storage and management. 2) Hardware: Sensors, actuators, and communication hardware. 3)
Connectivity: Networks (e.g., 3G/4G, satellite) that deliver data to the backend. 4)
Application: Software solutions designed for specific industry needs, providing insights and automation.
