Preparing IT systems and organizations for the Internet of Things
As the Internet of Things (IoT) gains momentum, many companies are trying to determine how best to update their existing IT architectures and operations to capitalize on this trend.
The Internet of Things refers to the networking of physical objects through the use of embedded sensors, actuators, and other devices that can collect or transmit information about the objects. Examples in the consumer market include smart watches, fitness bands, and home-security systems. Examples in the B2B market include sensor-embedded production equipment and shipping and storage containers. Such devices are networked through computer systems and generate an enormous amount of data—information that some leading-edge companies are mining for insights and opportunities that can help set them apart from competitors.
According to a recent McKinsey Global Institute report, the networking efficiencies and opportunities created by the Internet of Things may have a global economic impact of as much as $11 trillion per year by 2025 across multiple sectors.1 The report also suggests that, although consumer applications seem to be on the leading edge of adoption, nearly 70 percent of the projected economic value will eventually come from the use of sensor technology and swarm intelligence among B2Busers. Read More…
Preparing IT systems and organizations for the Internet of Things
