#IoT #Ecosystems require #Ontologies of your #Products and #Services – Paradigm Interactions

Products and services associated with the IoT currently operate in closed ecosystems like Home Automation, in effect, they are simply networked products with linking software. Part machine to machine (M2M) and part human to machine or machine to human (H2M setup and observation and M2H alerts). The IoT is an open ecosystem, made up of billions of product, services and people ecosystems. An ontology is a formal naming and definition of the types, properties, and interrelationships of the entities that really or fundamentally exist for a particular domain. If you're looking for advice on how your products or services can be made ready for the IoT please contact us.