Network slicing is a type of virtual network architecture that allows various networks to be created on top of a mutually shared physical infrastructure. These virtual networks are then personalized to meet the particular needs and demands of devices, applications, services, operators or customers. It uses the same principles as those behind network functions virtualization (NFV) and software defined networking (SDN). The greater flexibility brought out by network slicing will help address the efficiency, cost, and versatility requirements levied by the future.
The Internet of Things or simply IoT is believed to benefit the consumers and at the same time, improve the productivity of industries and enterprises. The IoT uses wireless devices that connect to each other and with the help of internet and minimum human intervention helps deliver services that would meet the needs of a variety of industries. The IoT sector is relatively new and is still in development stages. However, experts believe that the impact of IoT will be considerable.