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The Internet of Things (IoT) is a computing concept of connecting physical devices and cloud based services onto a network allowing these objects to connect through their individual embedded computing system and exchange information within their existing internet network. Through the integration of the device's automated systems, it becomes possible to gather information, segregate, analyse and take rule based automated actions to increase efficiency, productivity, visibility and reduce risk.
The Cyber Physical System is a concept in which the physical and digital embedded devices are controlled and monitored by logic based computer based algorithms, in constant communication with their network and users.
Cloud Computing a concept that allows sharing of configurable computing resources over the internet to allow for economies of scale in data driven decision making.
Cognitive Computing is a concept that uses artificial intelligence, machine learning, object recognition to take automated decisions based on pre-programmed rule set.
Industry 4.0 concept is based on the idea of a "Smart Factory" in which the cyber-physical systems monitor the physical processes of the factory and make automated decentralized decisions. The physical systems become part of IoT, gather and share within their network and cooperate with each other and humans in real time through cloud computing.
Predictive analytic is a concept that uses predictive modelling, machine learning, and data mining to analyze large amounts of gathered information and historical data, use regression analysis and predict trends for expected and unexpected outcomes.
Blockchain is a distributed database network that maintains records of digital data in a secure, reliable and permanent chain.