The word “Internet of Things” was thought up by Kevin Ashton in 1999 for the period of his work at Procter & Gamble in a business supply chain optimization and craved to invite senior administration's responsiveness through Radio Frequency Identification (RFID). The acceptance of the term IoT did not speed up until 2010/2011 and stretched corpus marketplace in the initial of 2014 (Cisco Annual Report, 2018–2023). In 2011, Gartner, the market research company which conceived the famous “hype-cycle for emerging technologies” contained within a new emerging phenomenon on their list: “The Internet of Things”. In the succeeding year signature theme of Europe’s leading Internet conference LeWeb was the “Internet of Things”. Around the same span widely held tech-focused journals like Forbes, Fast Company, and Wired magazine opening expending IoT as their terminology to designate the occurrence (Bega et al., 2017).
Internet of Things (IoT) is basically the combination of sensors and actuators implanted in somatic bits and pieces. They are interconnected over and done with wired and/or wireless networks. More or less familiar examples for Internet of Things applications today are: Wearable devices, fitness trackers, like as Jawbone Up, Fitbit, Pebbl, Home Automation like as Nest, 4Control, Lifx, Industrial asset monitoring like as GE, AGT Intl., Smart energy meters, smart mineral water which show quantity of available minerals during drinking according to the requirement of the persons. Cisco has also been motivating the term Internet of Everything (IoE) in his white paper (Cisco Annual Report, 2020). Intel in the beginning called it the “embedded internet”. Additional terms that have been suggested but don’t mean exactly all the same are: M2M (Machine to machine) communication, Web of Things, Industry 4.0, Industrial internet (of Things), Smart systems, Pervasive computing, Intelligent systems etc (Cisco Annual Report, 2020).
Technological innovation is a key hypothesis to flourish the business and its societal impact. The most influential trend in business is innovative digital and network connected platforms. These platforms fundamentally changing the added values of companies to products and services. Samsung in his white paper predicted that the number of linked devices will influence 500 billion by 2030 (Samsung, 2020), which is approximately 59 times greater than the anticipated world population (8.5 billion) by that time. Mobile and cellular devices will take innumerable form-factors, such as augmented reality (AR) glasses, virtual reality (VR) headsets, and hologram devices. Ever more, machines will prerequisite to be connected by means of cellular communications. Examples of connected machines include vehicles, robots, drones, home appliances, displays, smart sensors installed in various infrastructures, construction machineries, and factory equipment (Samsung, 2020).
Consumers of mobile devices will appreciate life-like audiovisual aid contents everywhere and trillions of associated devices will independently communicate with one another so that new fancy services can be delivered to societies (Cisco Annual Report, 2020). In a research survey, it was predicted that 6G will contribute to fill the gap between beyond 2020 societal and business demands and what its predecessors-5G can support. The internet generation and mobile generations are augmenting the business its communal impact (Cisco Annual Report, 2020). The following figure illustrates this trend of mobile devices and connected machines generations.
Samsung visualizes the fifth Generation (5G) mobile communication to messenger an era of truly immersive amenities. In this way the Samsung white paper, tipoffs the imminent amenities, significant and strategic necessities, and empowering technologies that will apprehend 5G technology (Samsung, 2020). Dedicated network protocols empower proficient communication in this environment, together with applicable machine-to-machine (M2M) communication models. These machineries, expertise and technologies are developing with limitations and boundaries for the IoE ecosphere that are diverse from the archetypal IT environment, because of the necessities for security, protection, real-time reactions, low power process, etc. Security, privacy, and safety require particular attention and special techniques as IoE is a fast-changing field. This will add the value to consumers ' experience as customers, but also would contemporaneous businesses with an enormous amount of innovative business openings from the strains for these innovative services.
The business platform and its role are changing dynamically across the globe, due to innovation and technology upgradation. Evolution of internet technology is describing as below (Cisco Annual Report, 2020).
1.1 Internet of Everything’s Communication Taxonomy
The IoE communication taxonomy can be classified in four ways.
Face –Face communication, Face to Machine Communication, Machine to Face Communication and Machine to Machine Communication. The stint Machine to Machine (M2M) has been in practice for more than a decade, and is recognized in the communication segment. M2M communication had at the start been a one-to-one linking, connecting one machine to additional machine. But today’s flare-up of cellular connectivity means that data can nowadays be more effortlessly conveyed, via a system of internet protocols networks, to a considerable extensive array of devices (Cisco Annual Report, 2020).
The Internet of Everything is basically machine to machine communication while the internet of thing is face to machine and vice-versa communication. The robotics communication is M2M as well as F2M communication which is now becoming trending business ecosystems. The M2M-IoE communication architecture is illustrated below.
The Internet of Everything’s (IoE) can be definiens as a new business platform ecosystem which can be integrated with sensors, actuators, machine learning tools, online analytical tools with other state of the art technology (Mishra & Tripathi, 2019, 2020b, 2021). Internet of Everything’s (IoE) is a cohesive application software and API which links the budding digital devices, right of access points, and information repository hub to the other digital devices which is commonly for the customer application link. It has been projected that the number of IoE coupled devices worldwide will soon surpass more than 20 billion mark and, consequently, IoE will impact many aspects of everyday life and decisions (Muntés-Muleroet al., 2019, Mishra and Tripathi 2021). The pictorial structure of Internet of Everything’s can be illuminated as below.
Internet of Everything’s (IoE) poses as one of the multilayer and multidimensional digitally enabled tools to connect Internet of Things to undertake and automate the associated strategies and devices. This phenomenon is known as IoE platform. The IoE platform connect the cohesive corporeal effects accessible through connected API and machine learning enabled devices. This IoE platform ecosystem make accessible us with amenities to associate the strategies and things for a machine to machine and machine to man communication (Spiekermann, 2019, Mishra, 2020, 2020a).
1.2 Industry 4.0
The term industrial internet is stalwartly pushed by German Government. It is more powerful and beyond M2M since it not only emphases on influences between machines but also embraces human edges. IoT has yet an extensive stretch as it also consists of networks outside the industrial framework such as wearable devices on society. The internet is a legitimately insignificant box. In its central it associates only people. Industry 4.0 is the enduring revolution of outmoded industrial and business follows pooled with the state-of-the-art insolent technology. The large-scale machine to machine communication (M2M) and Internet of Things (IoT) distributions to offer augmented computerization, upgraded and value-added communiqué and self-monitoring, as well as smart technologies which can investigate and make a diagnosis concerns deprived of the prerequisite for human involvement. There is a very shuttle difference between the IoT and IoE. The Web of Things is much thinner in latitude as the other impressions as it exclusively emphases on software design. Internet of Everything (IoE) still a rather elusive notion, IoE ambitions is to consist of all sorts of networks that one can visualize. The concept has thus the utmost extent. Industry 4.0 designates a set of notions to get-up-and-go the next industrial rebellion. That comprises all kinds of connectivity perceptions in the industrial framework. However, its energies promote and contains tangible vicissitudes to the corporeal ecosphere everywhere such as 3D-printing machineries or the outline of innovative enlarged veracity hardware. Both M2M as well as the industrial internet are not conflicting notions to IoT. In fact, both are a subset of the Internet of Things with a thinner extent. The following figure illustrate the difference between M2M vs IoT vs IoE.
The Internet of Everything (IoE) business platform is an amalgamation of people, data, process and things through internet for efficient communication and business categorization. This can be explained articulate as below.
The rest of the paper is organized as follows. Section 2 summarizes the method and business model ecosystem. In sec 3 we discuss about the Internet of Everything Platform Communication Architecture. Section 4 studies the State-of-the-art Landscapes of IoE Platforms. Section 5 analyzes Hologram technology for IoE platform business while Sect. 6 discusses about the Artificial intelligence in business platform. Section 7 infer the Security and privacy paradigms and Sect. 8 explains the discussion and results while Sect. 9 concludes the paper.