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Question: Discuss about the Internet of Things Exploration. Answer: Introduction The new digital car parking system initiated by SAP Corporation is a new fully cloud based Internet of Things solution. The new concept will utilise the cloud platform to form an environment that will connect parking locations with the system that will sensor if the location is free for parking or not ("SAP Connected Parking Solution Brief", 2017). SAP Connected Parking is a SAP Leonardo IoT programming, intended to help to stop administration firms exploit the cloud (SAP Cloud Platform), shrewd gadgets and Big Data innovations. SAP Connected Parking offers to stop suppliers a computerised spine to merge parking spot accessibility over different areas, hold parking spots, distribute ongoing status of a parking spot and enhance utilise, permeability and effectiveness. Principle segments of SAP Connected Parking are the back-end framework and an application that keeps running on the unattended stopping stand (Gubbi et al., 2013). Coordination with average stopping administration equipment and programming, for example, entryway controller, Visa per user, tag acknowledgement cameras make SAP Connected Parking the centre of a creative upgradable arrangement stack that empowers great and helpful stopping access and income control. With a phenomenal convenience and ongoing access to data SAP Connected Parking rethinks the stopping knowledge for every single key part including month to month and transient parkers, office administrators, client benefit delegates and back office functions. Customer benefit for IoT enabled parking system The key roles and features of SAP IoT based Parking provide the customers with: Easy setup of stopping positions with no forthright investment Frictionless preventing access present day income control without money and paper (e.g. Visa, QR code, tag, NFC) for transient and month to month parker (Lee et al., 2013). Parking reservation, transaction activity management Real-time information get to and alarms Remote management capabilities from any gadget whenever Challenges of the system Open architecture supports adaptable equipment outline the clients can use SAP Connected Parking to meet the challenges they confront, including: Aging on-premises Foundation, obsolete stopping frameworks and complex equipment plans that are expensive to keep up, hard to refresh and hard to extend. Limited Business Models. Parking garage cannot be offered through the web. Associated auto ideas cannot be implemented. High add up to cost of proprietorship. Massive forthright speculations. Costly yearly support contracts Poor Data Visibility. No continuous information of stock and revenue Advantages of the system When the clients work with SAP Connected Parking, they can take their business to the following level. They can: Optimize office usage and income across multiple locations Reduce TCO of stopping operation Realize quick time to value based on Cloud/SaaS financial aspects Use standard segments and API's to coordinate with various infrastructure components Profit from continuous access to all relevant data Components of the System Sensors An electronic device that is used to detect or measure physical presence of any property. In this case, the sensors are placed in the middle of the parking spots for each car slots. There it identifies if any car is covering the parking slot surface or not and then it transmits signals to the cloud through the dedicated channel (Zanella et al., 2014). Cloud Platform It is the portion of the internet, where those signals from the sensors arrive, and moves to the back-end, where it processes the information and stores the details of the spots that are occupied or those are free. All these information are stored in the database (Wortmann Flchter, 2015). Mobile Application Now, the end-users searching free parking space is required to access the Mobile Application that can be on the mobile phone or installed on the car itself (Zanella et al., 2014). There it will retrieve information from the database of the cloud handle for the parking spaces that are free. Importance of IoT in Modern World Urban communities and provinces robotizing movement administration that adequately sets, and oversees the stream of activity in light of consistently evolving, conditions stopping applications (Da Xu, He Li, 2014). That insightfully directs autos to open spots, killing dawdled and vitality and significantly curtailing outflows, computerizing utility utilization, era and circulation on a terrific scale, all with an eye to the relief of waste that far surpasses the capacities of existing frameworks. To get smarter healthcare where smart wears will monitor human health statistics all the time and if found any vulnerability then the doctors connected to the system will contact the person to get him the best possible treatment before time to recover from any disease that may harm in future (Zanella et al., 2014). There are more advantages and dependency for the modern world towards the IoT technology, that cannot be accounted. References Da Xu, L., He, W., Li, S. (2014). Internet of things in industries: A survey.IEEE Transactions on industrial informatics,10(4), 2233-2243. Gubbi, J., Buyya, R., Marusic, S., Palaniswami, M. (2013). Internet of Things (IoT): A vision, architectural elements, and future directions.Future generation computer systems,29(7), 1645-1660. Lee, G. M., Crespi, N., Choi, J. K., Boussard, M. (2013). Internet of things. InEvolution of Telecommunication Services(pp. 257-282). Springer Berlin Heidelberg. SAP Connected Parking Solution Brief. (2017).SAP. Retrieved 12 August 2017, from https://www.sap.com/australia/documents/2017/02/e4f5ab11-aa7c-0010-82c7-eda71af511fa.html Wortmann, F., Flchter, K. (2015). Internet of things.Business Information Systems Engineering,57(3), 221-224. Zanella, A., Bui, N., Castellani, A., Vangelista, L., Zorzi, M. (2014). Internet of things for smart cities.IEEE Internet of Things journal,1(1), 22-32.