Learn about the concept of using other IoT products as external systems and how this is realizing the true value of the Internet of Things and the outcome economy.
- [Instructor] IoT products are external systems.…Each generates data, which theoretically means…they can be connected to each other like Lego…blocks to deliver outcomes.…The IoT platform is the technical underpinning…that allows one product to be connected to another.…Over time, that product will develop…into a family of interconnected products.…When companies can orchestrate their products…to work together, they can…deliver their customers' outcomes.…One way to quantify the value of multiple connected products…is with Metcalfe's law.…
Metcalfe's law states the value…of a network increases exponentially with…the number of its sources.…Since each product is a data source,…value goes up exponentially in proportion…to the size of the product network.…This together leaves us to the outcome economy.…Like with Legos, the more parts…to the system, the more value there is.…
- IoT value modeling
- The software-defined product
- The hardware-defined product
- Embedded systems
- Connected sensors
- The network fabric
- OT IT and fog networks
- Analytics and big data
- Data services
Skill Level Beginner
IoT Foundations: Low-Power Wireless Networkingwith Ryan Hu2h 32m Intermediate
Securing the IoT: Secure Architectureswith Malcolm Shore2h 5m Intermediate
1. The Software-Defined Product
2. The Hardware-Defined Product
3. The Network Fabric
4. External Systems
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