The Internet of Things - Connected into the Digital Transformation: Opportunities and Risks of Hyper-Connected Computer Systems for the Global Economy

"When THOMAS NEWCOMEN invented the steam engine about 300 years ago, he was probably not aware that this would lead to the construction of the Berlin Wall in Germany. Other effects were shift work, rising divorce rates and single mothers. What impact will digitisation have on our current society?" The aim of this book is to examine the technical, economic and social aspects of digital transformation and to highlight the opportunities and risks associated with it. The impact of digitisation and the internet of things on industry, the labour market, data protection aspects and current and future business models will be presented. The following questions will be addressed: How does the Internet of Things work? What effects does the digital transformation have on companies, business models and the labour market? What role does data protection play in the processing of mass data? What economic potentials and perspectives result from these results for European telecommunication providers?