- [Narrator] External systems are one of the four main
components of the IoT product.
They include all the sources of data on the internet
that can be accessed by an API.
There are four main components to external systems.
The first one is analytics, where data is transformed
into information.
The next is data services, these are sources
of data available on the internet.
Business systems provide internal operational
data that could be useful to the product.
And finally, the last source of data
are other IoT products.
It is this interfacing with these external
sources of data that differentiates the IoT product
from the connected product and the smart product,
just like any other software on the internet.
The virtualized IoT product can interface
with these external systems the same way.
This opens up massive amounts of functionality
previously available only to software
and in doing so, changes the definition
of what a physical product is.
All incremental value for an IoT product
comes from transforming its data into useful information.
External systems are one of the two main sources
of data in IoT.