Radios

Chips that provide connectivity based on various radio protocols

Sensors

Chips that can measure various environmental/electrical variables

Microcontrollers

Processors/storage that allow low-cost intelligence on a chip

Modules

Combine radios, sensors, microcontrollers in a single package

Platform Software

Software that activates, monitors, analyzes device network

Application Software

Presents information in usable/analyzable format for end user

Device

Integrates modules with app software into a usable form factor

Airtime

Use of licensed or unlicensed spectrum for communications

Service

Deploying/Managing/Supporting IoT solution