By connecting traditionally analog objects, such as thermostats, refrigerators, and tractor-trailers, to the internet, the Internet of Things (IoT) has enabled businesses to accomplish extraordinary feats. People can now set the temperature of their homes from their smartphones. E-commerce retailers can track and monitor delivery drivers to determine the second-by-second location of a single package. Entire cities can manage transportation, energy, security and the environment all from a single dashboard.
By 2025, there will be 75.4 billion internet-connected devices, according to IHS. Other projections are even more bullish; Intel projects 200 billion connected devices by 2020. The paradox the IoT has created is the abundance of new data and how to deal with so much information. If every internet-connected device on the planet produces information at all times, how are businesses supposed to be able to collect and make sense of what’s being recorded?
Sixty-percent of global manufacturers will use analytics data recorded from connected devices to analyze processes and identify optimization possibilities, according to IDC and SAP. Technology companies such as Cisco, Hitachi, and HP are working with businesses to not only build IoT experiences, but to intelligently process the data as well. With this information comes seemingly endless possibility, including dramatic improvements to how we manage our environment, how agriculture is produced, how long we live, and much more.
We spoke with the world’s leading experts from companies including ABB, Salesforce, and SAP to discuss the potential for the IoT. We examined what’s already being done, how data is being captured and used to improve business processes, and what still needs to be done to continue to build out the IoT. Watch these videos to hear what experts have to say, and to learn about how the IoT can help improve your business.