The IoT is coming, and bringing a tsunami of data with it. Is your infrastructure ready to ride the wave - or will it go under?
The Internet of Things brings together three unstoppable trends: Mobility, automation, and an endless thirst for data. The promise of a universe of connected devices automatically feeding business systems with data-driven insights is limitless.
The IoT will keep companies informed about everything – from how customers are using products to when a piece of vital equipment needs replacing.
The growing universe of Internet-connected devices, otherwise known as the Internet of Things, has the potential to transform business in significant ways. From automatically monitoring and managing equipment and physical environments to identifying needed products or business processes that might never have become apparent, IoT promises to make businesses smarter, and thus better at what they do.
The Internet of Things is getting a lot of well-deserved attention as physical objects become digital objects. The business opportunities are as significant as they are disruptive, driving new business models, ecosystems and risks.
- Gartner asks “Why IoT Now?” The value of the Internet of Things extends beyond connected devices, says Gartner.
- McKinsey explores the distribution of IoT value: What is the potential economic impact of IoT? Between $4 trillion and $11 trillion by 2025.
- Industrial Internet of Things from PwC: Not just a new technology, but a new business blueprint.
Businesses already capitalizing on the Internet of Things are experiencing unprecedented data flows. However, that's just the tip of the iceberg. There are myriad considerations, from decisions about where IoT traffic will run and how it will be routed, to the need to establish device profiles for authentication. Enterprises will need to adapt traditional network designs to meet these challenges.
Unlocking the full potential business value of IoT will require new levels of network intelligence, automation and security.
- CEOs: The IoT has the potential to increase efficiency, improve customer service, and contribute to the bottom line.
- CFOs: The IoT is a two-headed beast: it is likely to reduce costs in the supply chain, but it also requires significant investment to get it right.
- CIOs: The flood of data is about to get considerably larger, and the need to collect, analyze and act on that data will mushroom. Emerging big data technologies will figure prominently.
- CISOs: Having to account for a such a large, and largely uncontrolled, universe of devices necessitates taking a hard look at network security strategies.
- Business Line managers: The vast numbers of sensors on IoT devices will mean better info on the operational status of equipment, and quicker fixes when problems arise.
- Employees: The IoT stands to greatly increase productivity by making actionable data more readily available, and could enable remote responses to operational issues.