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IoE: A New Era in Hyperconnectivity, Opportunities, and Development Challenges
www.eetimes.com, Aug. 03, 2021 –
In our hyperconnected world, it's not only "things" that are connected but organizations, people, and other systems as well. Instead of IoT, we should be talking about IoE – the Internet of Everything – a network of connections between smart things, people, processes, and data, with real-time information flowing between them.
IoE is placing more emphasis on the results and value gained from managing many different connections, meaning it's not just about generating troves of big data or machine-to-machine (M2M) interactions, it's also about securing that data, respecting privacy concerns, and intelligently managing it with the various tools available. But many fail to comprehend the depth of these requirements or think it costs too much to learn what's necessary to design a product properly –a key reason why 75% of IoT projects fail and nearly 1/3 never get past the proof of concept phase.
The fact is, though, the most common pain points with developing smart devices –such as a lack of human resources or budget or regulatory and security concerns around storing and protecting data – must all be accounted for without cutting corners during development. This is true for multinationals and startups alike, who must carefully account for security, scalability, interfaces, user experiences, and more factors.
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