K
Kathleen Martin
Guest
The Internet of Things (IoT) is bringing new efficiencies to the way businesses across industries operate, adding new conveniences to people’s lives and improving the way our cities and governments function.
When applied correctly, IoT devices can be used to connect systems and improve processes, from something as ordinary as managing a thermostat to something as complex as remote asset monitoring and maintenance or full process automation. And it’s only getting started. McKinsey estimates that the use of IoT devices could add as much as $12.6 trillion of value to the global economy by 2030.
From global manufacturers and critical infrastructure providers to enterprises looking to manage and optimize office or retail network connections, all are looking to expand their use of IoT to develop new business models, control security and ensure a competitive edge to service delivery.
IoT can unlock efficiencies to ensure a positive customer experience, which drives stickiness into brand and product loyalty, ultimately resulting in increased revenue. The advantages of the IoT explosion are undeniable and too compelling to ignore.
So, what’s the problem? With at least 20 billion connected devices already in play worldwide and growing at a rapid clip, IoT is taking over the network, literally.
IoT proliferation brings new challenges: Enterprises are struggling with security breaches, poor performing headless devices and the added complexity of managing hundreds or thousands of new devices. With the number of IoT devices expected to soar to 27.1 billion devices by 2025, successfully managing these within the network — all without leaving even one easily hackable device unsecured — is the hidden cost of the rush to the IoT goldmine.
Getting it right is critical for enterprises’ success.
Continue reading: https://thenewstack.io/enterprise-challenges-for-the-internet-of-things/
When applied correctly, IoT devices can be used to connect systems and improve processes, from something as ordinary as managing a thermostat to something as complex as remote asset monitoring and maintenance or full process automation. And it’s only getting started. McKinsey estimates that the use of IoT devices could add as much as $12.6 trillion of value to the global economy by 2030.
From global manufacturers and critical infrastructure providers to enterprises looking to manage and optimize office or retail network connections, all are looking to expand their use of IoT to develop new business models, control security and ensure a competitive edge to service delivery.
IoT can unlock efficiencies to ensure a positive customer experience, which drives stickiness into brand and product loyalty, ultimately resulting in increased revenue. The advantages of the IoT explosion are undeniable and too compelling to ignore.
So, what’s the problem? With at least 20 billion connected devices already in play worldwide and growing at a rapid clip, IoT is taking over the network, literally.
IoT proliferation brings new challenges: Enterprises are struggling with security breaches, poor performing headless devices and the added complexity of managing hundreds or thousands of new devices. With the number of IoT devices expected to soar to 27.1 billion devices by 2025, successfully managing these within the network — all without leaving even one easily hackable device unsecured — is the hidden cost of the rush to the IoT goldmine.
Getting it right is critical for enterprises’ success.
Continue reading: https://thenewstack.io/enterprise-challenges-for-the-internet-of-things/
