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 DriversExpanded internet connectivityIncreased number of connected devicesLow-cost sensors & micro-electronicsDecreased storage costs |
Market DriversIncreased automation & self-serviceHigh mobile adoptionconsumer expectations for connected experiencesLarge IoT investments |
Barriers to EntrySecurity concernsPrivacy concernsImplementation problemsTechnology fragmentation |
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.
