The Internet of Things (short: IoT) is basically the interconnection of hardware with the internet.

It describes the increasing networking of various so-called “intelligent devices” (e.g. called connected car, smart home, smart factory, smart xyz) with each other but also with their environment and the Internet. The communication and also the interaction of the devices with your environment is made possible by their equipment with sensors, by which they can intercept certain signals and react accordingly. In addition, they can be addressed via their own Internet address (IP address).

The Industrial Internet of Things (short: IIoT) is focused on the industry.

IoT is enabler for everything around 4.0.

Why this is interesting for a Chief Digital Officer (CDO)?
The Internet of Things (IoT) is one of the drivers of digitalization. Smart devices can be found everywhere. With the help of these, e.g. productions can be even more efficient and automated. Cyber-physical systems form the basis of industry 4.0. In addition, companies can make their products smart and participate in IoT. New business models can be developed. The Chief Digital Officer (CDO) in particular is being made responsible for this, or at least that is what they are there for.

See also (glossary Internet of Things (IOT)): Why this is interesting for a Chief Digital Officer (CDO)?
The basis of a Chief Digital Officer (CDO) is to develop new business areas and business models. This is summarized under the 4.0 term world or Smart Everything.

See also (glossary 4.0):

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