Companies with strong analytics capabilities are 3X more likely to get value from the Internet of Things (IoT) than are those with weaker analytics capabilities.90% of respondents see IoT as an opportunity, while only 15% see it as a threat. For those with strong analytics capabilities, 95% see IoT as an opportunity.66% of the respondent companies who are actively working on IoT projects collect data from and send data to their customers, suppliers, or competitors.53%…
The Internet of Things (IoT) has had at least a thousand definitions from end point, gateway, datacenter and cloud companies. Companies like Cisco Systems , Dell , Hewlett-Packard , IBM and Intel are talking a lot about IoT. But what is IoT really about? IoT is about making decisions at the right place and at the right time. By following this “mantra” organizations can optimize systems to provide business value, whether it be to predict or prevent a costly shutdown or to alter a piece of…
I suppose it makes sense that cutting edge industrial ‘internet of things’ technology is increasingly happening on the edges – meaning on the far edges of networks, often directly on devices. Rather than moving mountains of data directly from devices into the cloud, where it can be collected, analyzed, and – presumably – put to good use, more and more grunt work of IoT is being handled by software-enabled hardware attached to equipment. That’s one…
In 2019, Vodafone’s annual Internet of Things (IoT) barometer (registration required) reported with optimism about the impact of the IoT as adoption surged during the year. After surveying close to 1,500 qualified executives involved in shaping their company’s IoT strategy, suppliers and requirements across a variety of industries and regions, Vodafone found some 34% were already using IoT solutions, and of those, some 76% described their IoT project as mission-critical. What’s more, some 95% of these adopters…
From connected technology in the office or warehouse, to kitchen gadgets and AI assistants, IoT technology is all around us, helping us to be more productive and as efficient with our time as possible. But that scene only tells half the story. We’re mostly aware of IoT devices that are connected via Wi-Fi, rather than those that rely on connection to a mobile network, and it’s arguably cellular-connected IoT devices that will have more of…
The number of smart connected devices on the Internet, including cameras, machines, and sensors, has grown exponentially. According to the premier market research firm, International Data Corporation, by 2025, it’s estimated that we will have approximately 41.6 billion connected devices. That number includes the adoption of the Internet of Things (IoT) across industries and countries. Driven by the emergence of 5G networks, these smart “things” together will generate a whopping 79.4 zettabytes of data (and is expected to grow…
The Industrial Internet of Things (IIoT) can be a force for good in helping organisations to drive sustainable initiatives forward. Companies now need to look at reducing material usage, increasing reuse and lessening corporate carbon footprints as commercial imperatives on top of being the right thing to do. New digital technologies are powering the Fourth Industrial Revolution (4IR) and IIoT lets companies reduce waste, cut costs, extend machine lifetimes and be ethically sound into the…
The increase in IoT or Internet of Things is gathering a lot of pace and a plethora of business organizations are opting for it to increase the revenue of the business. More than 737 million dollars have been spent on IoT in the previous year. In accordance with studies, it is expected to hit almost $1.29 trillion till the end of the year 2020. This trend contributes to being the representation of a wonderful opportunity…
