Market Analysis

Abstract

The core idea behind the amalgamating the physical and virtual (business) world is to seamlessly gather any useful information about objects of the physical world and use the information in various applications during the objects’ entire life cycle. Collecting information and making it available, for example, about the objects’ and goods’ origin, location, movements, physical properties, usage history, and context, can help enterprises improve both existing intra- and inter-company business processes and also create new ones. Existing business processes may become more accurate since information taken directly from the point of action can be used to manage processes and related decision-making procedures. The continuous evolution of embedded and ubiquitous computing technologies, in terms of decreasing costs and increasing capabilities, may even lead to the distribution of existing business processes to the Ȝnetwork edgesȝ and can overcome many limitations of existing centralized approaches.