Abstract
Internet of Things (IoT) has emerged as a disruptive innovation that not only promises to transform every aspect of human activity but is driving revolutions in many fields, including but not limited to: healthcare, finance, agriculture, quality control and retail. For communicating data between connected devices in IoT ecosystem, various data exchange formats are presently in use. Determining the appropriate data format for an application plays a pivotal role in order to ensure efficient communication and reducing overheads. The intent of this literature review is to document and analyse literature relating to data exchange formats. The paper contains a systematic review of several academic research papers focused on performance evaluation and comparison of data formats. We reviewed the predominant data formats used for the purpose of data interchange and discussed the strengths, weaknesses and suitable application areas for the same.
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