Modelling and Simulation Challenges in Internet of Things

Abstract

With the rise of internet of things (IoT) technology, it is anticipated that large-scale sensor-based systems will permeate society, calling for novel methodologies to design, test, and operate these systems. IoT relies on networked interconnected physical devices often featuring computational capabilities. The sheer number of these interconnected devices plays a key role in the IoT revolution. For example, Gartner research predicts that IoT will connect up to 50 to 100 billion devices by 2020. It is estimated that IoT will generate ~1.7 trillion US dollars in value by 2020 with an approximate growth rate of 20% year over year.