IoT Readiness, Part II: More companies can benefit from the Internet of Things, across more verticals
By 2020, 21 billion Internet of Things (IoT) devices will be in use, up from the 6.4 billion estimated to deployed worldwide this year, according to Gartner Inc. The analyst firm expects enterprises will spend the most on IoT versus other technologies, connecting such things as HVAC, building management systems, lights, and devices to support transport logistics as well as networks to send and receive data.
In part one of this story, we explored how companies successfully begin their IoT journeys - typically by starting small, proving the concept on one piece of key equipment, for example. Still, some companies remain intimidated about deploying and managing IoT technologies, while others embrace it and achieve high operational efficiencies.