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The demise of the business-to-consumer model

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THE INTERNET of Things (IoT) refers to an interconnected system whereby objects or things such as alarm clocks, washing machines, televisions, smart watches and every conceivable object or things sense and collect data to be utilised by other objects or things via an Internet connection. Read more at The Business Times.

In the parcel delivery industry, the consumer can simply log on to his or her mobile phone to track down where a parcel is located at any specific point in time without the need to call the intermediary service centre.

THE INTERNET of Things refers to an interconnected system whereby objects or things such as alarm clocks, washing machines, televisions, smart watches and every conceivable object or things sense and collect data to be utilised by other objects or things via an Internet connection.

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