Shared hardware and software resource replacement

A method and system for improving shared hardware and software resource system is provided. The method includes detecting and registering an Internet of things (IOT) device connected to a network. Hardware/software resources and sensors associated with hardware and software operations executed by the IOT device are identified and all available data and associated metadata associated with the hardware/software resources and the sensors are stored in a database. Additional available hardware/software resources and sensors associated with a plurality of IOT devices connected to the network are displayed and a command signal for assigning a specified hardware/software resource or sensor to the IOT device is executed. A network identification code associated with a location of the specified hardware/software resource or sensor is retrieved and enabled with respect to said IOT device.