IoTDollars-and-Cents

Making $$$ and Sense of the Internet of Things

The Internet of Things (IoT) has created endless possibilities for new efficiencies. Through automation, everyday consumer devices and common user touch points, as well as self-service technologies we can create entirely new user experiences and points of interaction. Once we wake up these everyday devices and build out the IoT ecosystem, we can re-imagine the way consumers interact and businesses operate.

Technology Drivers

Expanded internet connectivity
Increased number of connected devices
Low-cost sensors & micro-electronics
Decreased storage costs

Market Drivers

Increased automation & self-service
High mobile adoption
consumer expectations for connected experiences
Large IoT investments

Barriers to Entry

Security concerns
Privacy concerns
Implementation problems
Technology fragmentation

 

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It’s been said, people who live in the worlds between business and technology are critical to IoT success.

 

The numbers are staggering, and it’s all melding together. By 2020 there will be 44 Trillion gigabytes of data, that’s equal to the number of stars in the universe. That’s a view worth admiring. Now picture 1 trillion sensors contributing to the rise of data in 2020. Picture $3 trillion being invested in the Internet of Things over the next 10 years.

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