In this chapter the relevant existing literature about internet of things, wearable’s, internet of things and wearable’s in healthcare and opportunity recognition will be discussed. Also a conceptual framework will be provided.
2.1 Internet of Things and Wearable’s
The concept of the Internet of Things is not new (Gershenfeld,1999; Ferguson,2002, Kindberg, Barton, Morgan., 2002). Essentially, the main idea of the Internet of Things can be summarized in the following sentence: “A worldwide network of interconnected entities”. In the vast majority of the cases, these mixed entities, or so called “things” – for instance computers and humans, have an addressable and readable part on the Internet. This makes it possible to collect, record and analyze new data flows faster and in a more reliable and accurate way. It integrates all types of sensory, identification, networking, communication and other wearable devices and systems, and smoothly connects all the people and things, based on interests, to allow anybody, anywhere, at any point in time to access the information of any service or interest more efficiently. Nowadays, many technologies serve as the foundation blocks of this new hype technology, such as RFID(Radio-frequency identification), WRMS(Wireless remote monitoring systems), Wireless communications protocols(ex. Bluetooth), Smart Services(ex. real-time: breathing rate, pulse, distance tracking), cloud services etc. For instance, Krogner’s IoT-based system, Retail Site Intelligence, serves as a single and independent platform of video analytics, wireless devices, POS devices, handheld sensors, IP cameras, and video management software that helps clients to have a better shopping experience by finding products more easily (Lee, I., & Lee, K. 2015).
Wearable’s are facilitating the concept of the Internet of Things by having a group of wearable devices and sensors connected to each other through Wireless Sensor Networks. Thereby, making wearable devices and Internet of Things two inseparatable technologies which need one another. Furthermore, Internet of Things technologies will allow billions of objects in the physical as well as virtual world to exchange data in an autonomous way to create smart environments such as healthcare, environment monitoring, automotive, logistics, manufacturing and many more. Firms will devote resources in the Internet of Things devices and systems to revamp existing factory workflows, improve material tracking and decrease distribution costs. For instance, UPS is already using Internet of Things-enabled fleet tracking technologies to diminish costs and improve supply efficiency (Lee,I., et al. 2015). According to the National Information Council 2008, the emerging technology of the Internet of Things is expected to deliver promising solutions to the latter stated sectors. Deloitte TMT Predictions 2015, has forecasted that 1 billion wireless Internet of Things devices will be manufactured and shipped in 2015, which is a huge 60% increase on 2014. They have concluded that these devices will add to an already installed base of approximately 3 billion devices worldwide and that the Internet of Things hardware will be worth in the range of 6.4 billion British sterling pounds. Moreover, Gartner (2014) has projected that the Internet of Things devices will reach a global volume of 26 billion units by 2020, making up for a vast incline from 0.9 billion in 2009.
PLACE THIS ORDER OR A SIMILAR ORDER WITH NURSING TERM PAPERS TODAY AND GET AN AMAZING DISCOUNT
