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Week 1 discussion question 2

Week 1 Discussion Question 2

Q As you know, case studies are the best way to apply textbook knowledge to real-life events. In our case, case studies will provide you with a biased-free overview of an event (or situation) that has already taken place. Having said that, we will use questions for "Closing Case 1" for our Discussion 1 and "Closing Case #2" for Discussion 2 - Every week! Please refer to Chapter 1's Closing Case 2 (The Internet of Things, pg. 39) and answer any ONE of the questions below in your initial thread before Wednesday. Then, before the end of Sunday, interact with at least TWO other classmates by either asking probing question(s), agreeing with their answers, or offering alternative points of view. Either way, your replies must be substantive and through-provoking to earn full credit for your participation. Questions: 1. Explain the Internet of Things along with its potential impact on business. Also, list three IoT devices that you are currently using in your own life. 2. Explain why it is important for business managers to understand that data collection rates from IoT devices are increasing exponentially. 3. Demonstrate how data from an IoT device can be transformed into information and business intelligence. 4. Propose a plan for how a start-up company can use IoT device data to make better business decisions. 5. Argue for or against the following statement: "The Internet of Things is just a passing fad and will be gone within a decade."

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For this week’s discussion question 2 I choose to answer the first question that is to explain the Internet of Things along with the potential impact on business (Paige, n.d.). From closing case 2 I learned that the Internet of Things is a world where interconnected internet devices are available (Paige, n.d.). This can collect and share data without human intervention. Internet of Things has affected the future of business that will focus on big data as the IoT devices most likely create, capture, and share a massive amount of data (Paige, n.d.). The business environment is collecting more data for IoT devices. The IoT devices have brought a lot of software with them as well as devices that are always effective for business (Paige, n.d.). IOT has made elements of business such as manufacturing, communication, and purchasing sales are more effective in business. Devices like Mobile phones and software including the social media platform are of great importance (Paige, n.d.). Electric vehicles are also a part of businesses. IOT has allowed the devices in the business world to work with efficiency while they have connections with each other for better results. It has also helped people to work up