INTERNET OF THINGS (IoT)
Move beyond the hype. Create business value.
The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in eﬃciency improvements, economic beneﬁts, and reduced human exertions.
The number of IoT devices increased 31% year-over-year to 8.4 billion in the year 2017 and it is estimated that there will be 30 billion devices by 2020. The global market value of IoT is projected to reach $7.1 trillion by 2020.
CIOs and other IoT leaders must prioritize all potential IoT opportunities within the organisation through the lens of business return — in terms of both absolute value and time to value. Gartner recommends the majority of IoT projects should target ﬁnancial payback in less than one year. IoT rollouts continue to move from trials to full deployments. IoT is providing business beneﬁts, such as operational eﬃciency and workforce productivity. IoT solutions must demonstrate measurable beneﬁts and business value for success and we help you build IoT architecture, based on your business need.