The Internet of Things Will Drive the Digital Transformation of Industry
COPENHAGEN — Physical objects, such as an engine, a river or even an entire manufacturing plant, can be equipped with sensors that measure physical characteristics of the surrounding environment — the location, temperature, vibration and flow rate, to give some examples. And low-power networking technologies allow these “things” to share this data with other “things” across networks and data centers.
The cost of these technologies has fallen dramatically in recent years, as Jeremy Rifkin makes clear in his WorldPost series on the Third Industrial Revolution, so that now virtually any aspect of our environment — natural systems, human systems and physical objects — can connect and interact. This increased connectivity is going to change the way we communicate and do business.
The Power of Actionable Insight
What’s driving this new level of awareness in the “Internet of Things” is a convergence of three key technology shifts that are accelerating IoT deployments:
- The explosion of data generated by devices. The number of connected computing devices around the world is growing — several billion connected devices are already in use today, with many more expected in the near future. These devices — smart meters and appliances, radio-frequency identification tags, connected cars, wearables and more — are producing massive amounts of data about the environment around them.
- Cloud as a growth engine for business. Businesses are able to respond to changing market conditions with agility and flexibility using the cloud. New solutions can be deployed quickly and cost effectively to open cloud platforms that connect to people and devices around the globe.
- New ways to engage the business and its customers. Mobile and social networks are enabling people to work in a smarter way by putting more real-time information and decision-making power in the palms of their —> Read More