IoT (Internet of Things) is the network of physical objects
-devices,
vehicles, b
uildings and other items embedded with electronics, software,
sensors, and network connectivity
-that enables these objects to collect and
exchange data. The internet of things allows objects to be sensed and controlled
remotely across existing network infr
astructure[1]. According to the Gartner,
260 million objects will be connected by year 2020. Several companies and
governments have tried to make references with IoT in initial times, but
nowadays in manufacturing, retail and SOC (Social Overhead Capital)
industries, successful best practices are built recently. In this paper I
summarized tangible IoT based service models which are helpful to academic
and industrial world to understand IoT business.