ABSTRACT
Internet of Things (IoT) systems are rapidly changing the world around us. These systems offer substantial potential benefit in terms of social value and business value in the institutions and cities in which they are deployed. All systems, whether natural, technical, or social, experience systems loss. In automotive and transportation systems, IoT can enable health checks of automotive components, Global Positioning System-based location monitoring, route optimization, crash prevention, car-to-car communication, and real-time traffic analysis. In IoT systems, loss occurs at the device level in IoT systems through unexpected installation costs, failures, misconfiguration costs, and others. Organizations seek to be aware of, manage, and reduce this systems loss by selecting for more manageable systems and will see much greater value add of their IoT systems than those of their peers or competitors. The chapter also presents an overview of the key concepts discussed in this book.
