Fast Facts: Internet of Things (IoT)

In brief: The Internet of Things (IoT) is a network of physical objects which are linked via the Internet, through which data and information about the objects—their condition, movement, and position—are collected or exchanged. It is essentially machine-to-machine communication and comprises three independent components: things with networked sensors, data stores, and analytical engines. This tool provides directors and senior business leaders with bite-sized information about the components of an IoT ecosystem, applications, benefits, challenges, and trends.

This is how this resource can help your board:

  • Identify the challenges and opportunities presented by IoT.
  • Demystify the applications of IoT.
  • Assess trends in the use of IoT across industries.

Most relevant audiences: full board, board chairs, audit committee chairs, risk committee chairs, chief executive officers, chief technology officers, chief information security officers, chief innovation officers, chief digital officers