Welcome to the digital world, where cellphones hold your entire life in its database, tablets have become the new spiral notebooks, and contactless transactions make your day-to-day norms feel like futuristic experiences. The Internet of Things (IoT) has genuinely taken the cyberworld by storm, simplifying and connecting everything in its path.
“Today, I booted up, jacked in and went surfing on the information superhighway” is a phrase you probably haven’t heard for at least the last two decades in an unironic manner. The information superhighway — once the term to describe our digital, large-scale communications networks — feels so antiquated I can hear the haunting screech of an ancient 33.6k modem wailing as I write this.
Digital transformation is dead. It’s not for lack of trying. Over the past decade, businesses have invested considerable time and resources into pursuing big transformation initiatives. While many may claim success, they’d be hard-pressed to tell you what the last stop on their journey looks like. That’s likely because digital transformation never quite lived up to the hype and shifting market demands.
With breakthrough developments in information and connection technologies, a growing number of vehicles are now becoming a part of a shared and connected vehicular network. The biggest contribution in creating this vehicle-to-vehicle (V2V) connection, however, has been made by the disruptive technologies of the Internet of Things (IoT). Such technologies not only create a connection between vehicles but also facilitate the development of a vehicle-to-everything (V2X) network that connects vehicles with infrastructures, pedestrians and vehicle-management systems.
The Internet of Things (IoT) broadly refers to devices and equipment that are readable, recognizable, locatable, addressable and/or controllable via the internet. This incorporates physical objects communicating with each other including machine to machine, and machine to people. It encompasses everything from edge computing devices to home appliances, from wearable technology to cars. IoT represents the melding of the physical world and the digital world.
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