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Internet of Things – Driving force behind new business models

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Innovation

The two trending topics, digitization and industry 4.0, are closely linked to the term Internet of Things (IoT). IoT is understood as an enabler of change in society and industry. Business models and connected applications fundamentally change the way how businesses, humans and environments communicate. This certifies the disruptive character of IoT. And the expansion of renewable energy sources and decentralization of power generation also promotes the potential of IoT in the energy sector.