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."