The demise of the business-to-consumer model
With the widespread adoption of IoT and AI, the consumer-to-business model will now dominate. The embedded feedback mechanism underpins the inevitable shift from B2C to the C2B 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.
According to various estimates, there will be billions of devices connected in one way or another to the low latency 5G network in a few short years.
The much-faster 5G network data will enable the following:
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