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The impact of the Internet of Things on the demand of cloud resources

Staal, T.J. (2022) The impact of the Internet of Things on the demand of cloud resources.

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Abstract:This research gives insight into the impact of the Internet of Things on the demand of cloud resources and explores the key challenges for the future. This subject was investigated by presenting a System Dynamics forecasting model to predict cloud storage and traffic demand over the next ten years. This demand arises because of the enormous data generation of IoT devices such as: smart homes, medical sensors, fitness trackers and smart security systems. Simulations of the model predict that storage demand is expected to grow with a CAGR of 33.6% and traffic demand with a CAGR of 37.8% in the period from 2018 to 2032. When the rise of 5G is included, the storage demand increases even more. However, the traffic CAGR will decrease due to the shift of computing and storage closer to the endpoint through the use of fog and edge computing. This trend will continue due to the enormous growth of generated data. A cloud-only model is not sustainable for the future because certain computation and storage needs to be brought closer to the endpoints in the form of edge and fog computing. Combining these technologies by having a solid IoT infrastructure is crucial for companies to take advantage of the benefits that IoT provides.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:https://purl.utwente.nl/essays/91318
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