The Internet of Things is not an upcoming “new” development but an existing intelligent system that we all can benefit from – if we are open-minded and lay some groundwork now! Businesses can capitalise on this scenario by becoming IoT – ready. This would mean converting existing devices into connected tools and spending on platforms that would help facilitate the transformation and connectivity. Here’s more information on the subject:
We’ve all seen the stats: By 2020, there will be 50 billion Internet-connected devices; 200 billion connected “things,” from processors to utility meters to cars; and approaching $15 trillion in created value related to the Internet of Things (IoT).
Large data storage, forecasting ability and cloud usability are essential in getting the most from the Internet of Things for your business. This may not be possible if corporate policies are not updated – which should also be in line with the government’s rule of law on this technology. Partnering with smart organisations for service or product enhancements also proves to be successful. Whatever you do, just make sure that you join the revolution now, better still, get on top of it!
Image Source: Infographic
Insights by: Jürgen Strauss