Question

1. How is the“internet of things”changing how products and services interact to add value for customers?

2. How can Canada compete on quality and productivity in a global market?

Answer 1

Question: 1 How Is The "Internet of Things Changing? How Products And Services Interact To Add Value For Customers? Solution: The internet of things (IOT) is the network of physical devices, vehicles etc. which are embedded with software, sensors that helps to collect and exchange the relevant data. In simple words, when any device is connected with the internet or device is connected with another devices is called as Internet of things. This is the big network for an owner of the device which completes his work at the right time. Example: Cell Phones, Coffee Maker, Washing Machine, Smart Microwaves (Automatically prepare the food), Self Driving Cars, Fitness Devices (Measure the Heart Rates and No. Of Steps), Transportation (To Tract the Product) How Products And Services Interact To Add Value For Customers? Various types of services in form of smart application are available for customers. Consumer Applications Elders Home Automatio Connected Vehicles Wearable Technology Care

► IOT increase the efficiencies of smart cities for virtually endless opportunities. > The Devices and objects have Sensors which are connected with IOT platforms. ► They collect the data from different devices according to the need of owner ► They automatically applies the collected ( analyzed ) data and these give platforms point out exact information that is which information is useful and which one is avoidable and all the results given to the owner of the device