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Concept of Internet of things


Maria Yu. Shcherbinina, Natalia A. Stefanova
(about the authors)

Shcherbinina Maria Yu. – the Chair of E-commerce (Povolzhskiy State University of Telecommunications and Informatics, Samara)

Stefanova Natalia A. – Candidate of Science, Economics, Associate professor, Associate professor of the Chair of E-commerce (Povolzhskiy State University of Telecommunications and Informatics, Samara)

Published in:
Creative Economy
– Volume 10, Number 11 (November 2016)

JEL classification: D85, L86, O30

Keywords: digital technologies, innovative IT-products, internet, Internet of Things, IT-technologies, M2M connectivity


Citation:
Maria Yu. Shcherbinina, Natalia A. Stefanova (2016). Concept of Internet of things. Creative Economy, 10(11), 1323–1336. doi: 10.18334/ce.10.11.37074


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Abstract:

In the period of crisis, it is important for any company to reconsider changes that happen around it, to assess the factors that affect it, to find its own advantages and to invent new disruptive solutions that will help to reduce expense, to increase profits and to attract new customers. The purpose of this study is to disclose the essence of the concept of “Internet of things”, conditions for its emergence, its current and future significance for the society and the business. Main platforms of Internet of things, standards and development prospects of this direction are analyzed.







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