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The value of the Internet of Things is realized through networked connections of physical objects and devices. These connections are crucial for the transition to an Internet of Everything..so in other words internet of things is the way to the internet of everything.The simple concept, as you move forward with IoE, is that you have to get the right information at the right time to the right device to the right person to make the right decision :)
Internet of things mostly about physical objects and concepts communicating with each other but internet of everything is what brings in network intelligence to bind all these concepts into a cohesive system.
The Internet of Things (IoT) has started to move to the mainstream in enterprises across all industries. With IoT spending set to increase by 15 percent to reach $772.5 billion by the end of 2018, the coming year will undoubtedly bring further growth in the number of connected devices and enterprise IoT projects. More importantly, I believe that in 2018 enterprise IoT projects will finally move beyond merely automating existing business processes, to truly transforming industries by creating entirely new revenue streams and business models. This will be due in part to the concurrent rise of synergistic technologies such as artificial intelligence (AI) and fog computing, as well as an industry-wide move toward greater interoperability, standards and collaboration.
What Is the Internet of Everything (IoE)? Although the concept of Internet of Everything emerged as a natural development of the IoT movement and is largely associated with Cisco’s tactics to initiate a new marketing domain, IoE encompasses the wider concept of connectivity from the perspective of modern connectivity technology use-cases. IoE comprises of four key elements including all sorts of connections imaginable: People: Considered as end-nodes connected across the internet to share information and activities. Examples include social networks, health and fitness sensors, among others. Things: Physical sensors, devices, actuators and other items generating data or receiving information from other sources. Examples include smart thermostats and gadgets. Data: Raw data analyzed and processed into useful information to enable intelligent decisions and control mechanisms. Examples include temperature logs converted into an average number of high-temperature hours per day to evaluate room cooling requirements. Processes: Leveraging connectivity among data, things and people to add value. Examples include the use of smart fitness devices and social networks to advertise relevant healthcare offerings to prospective customers. IoE establishes an end-to-end ecosystem of connectivity including technologies, processes and concepts employed across all connectivity use-cases. Any further classifications – such as Internet of Humans, Internet of Digital, Industrial Internet of Things, communication technologies and the Internet itself – will eventually constitute a subset of IoE if not considered as such already. What Is the Internet of Things (IoT)? Devices, computers, and machines were already connected by the time Kevin Ashton coined the term Internet of Things. The concept gained steam for its ability to connect the unconnected – physical-first objects previously incapable of generating, transmitting and receiving data unless augmented or manipulated. Embedding sensors, control systems, and processors into these objects enables horizontal communication across a multi-node, open network of physical-first objects. The term is also vaguely used to describe connected digital-first devices such as wearable gadgets that may be classified as Internet of Digital while offering the same functionality as its physical-first counterpart developed into a smart connected technology. The meaning and application of the term IoT will continue to evolve as new connected technologies emerge, replacing physical-first objects with smart connected devices and use-cases to constitute all new “Internet-of-X” classifications. Examples of IoT include connected cars, smart meters, and smart cities, among others.
INTERNET OF THINGS IS NOT SAME AS INTERNET OF EVERYTHING
Some people use them interchangeably but there is a clear conceptual difference. IoE encompasses a wider scope and takes into consideration the infrastructure needed and the potential impacts that will occur on data, privacy, security and usability as a result of connecting billions of devices to the Internet.
