Organizations are no longer new to the concept of Internet of Things, it is now about how they can best apply it to drive real business value.
According to a recent white paper from IHS, 75.4 bn devices will connected by 2025. This makes it apparent that every organization across industries will, if not already, be using this technology to increase their operational efficiency, derive business insights and to gain better visibility and control over their assets. Furthermore, IoT can bring change to each industry as it transforms business models and customer experiences, potentially creating new revenue streams. IoT has already made its presence felt in each industry, be it healthcare or manufacturing, IT or retail.
The important part of a connected ecosystem of machines is that we now have data that has the potential to transform business processes within organizations. Concepts like the “Lot size of one”, which changes mass manufacturing to something more specialized based on customized orders is already taking the industry by storm.
How does an enterprise take control of IoT?
This story is from the February 2018 edition of DataQuest.
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This story is from the February 2018 edition of DataQuest.
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