Abstract
Internet of Things based cloud is envisaged to extract values other than the specified purpose for which it is to be utilized. It is hereby apprehended that different genre of values, rather business values, could efficiently be assimilated from the Internet of Things cloud platforms. It is also investigated to identify numerous domains of applications that are currently being associated with the similar cloud platforms. A case study on various types of value generation methods has been performed. A novel Internet of Things cloud stack is proposed to disseminate and aggregate the business values. Few research challenges are observed that shall need appropriate indulgence to generate more business values out of Internet of Things based cloud. This paper also seeks few research and industry related problems that need to be resolved. It further recommends several key parameters to the enterprise and government policymakers that should immediately be dealt with for long-term success.
Highlights
A large portion of the IT based industries is getting into a new buzz word “IoT cloud,” that is, Internet of Things enabled cloud
The goal of this paper is to provide an abstract concept towards the developers and business managers to efficiently utilize IoT cloud platforms to earn values, especially business ones
An IoT based Software Defined Radio (SDR) enabled cloud computing paradigm is implemented to provide a unified view on accessing, configuring, and operating of the IoT cloud systems while implying dynamic and on-demand service frameworks [22]
Summary
A large portion of the IT based industries is getting into a new buzz word “IoT cloud,” that is, Internet of Things enabled cloud. Global consumers are eventually developing their affinity towards full-time connectivity to the internet based commodities such as smart phones, PDAs, and tablets In this context, new businesses policies are being intrigued by the overwhelming efficiency, business process implication, and revenue generation opportunities from the available IoT cloud solutions [2]. The novel definition of IoT cloud may be framed as “a model designed to facilitate the information society, enabling advanced services by interconnecting (physical and virtual) things based on, existing and evolving, interoperable information and communication technologies through ennoblement of ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.
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