Everything is getting more interconnected with analysts estimating up to 50 billion IoT-connected (Internet of Things) devices by 2020 with the potential to generate up to $11.1 trillion a year in global economic impact by 2025.
The way we work is being redefined. As leading organisations move towards more efficient processing and automation of tasks, robotics and machines are increasingly IoT-connected, interacting with many other machines while exchanging data in real time, thus automating decision making by the entire system with minimal human input.
In order to keep up, organisations need to be ready to ride the tide or risk sinking.
Internet of Things is the concept of connecting internet-enabled devices which can send information back to us, to other devices and to cloud-based applications. Having an IoT connected device allows you to remotely monitor and control it while even doing some data analytics and machine learning in the background.
These devices can range from consumer products such as mobile phones, air conditioners, lighting, wearable devices, coffee machines, to industrial components such as engines, manufacturing equipment, assembly lines.
IoT connectivity is an inevitable trend of the future, with many applications already being used such as smart cities, smart factories and manufacturing (Industry 4.0), wearables, building and home automation.
(Schneider Electric – PTC ThingWorx ThingX Technology & Augmented Reality)
In summary, IoT connects the dots between the series of activities in an organization, breaking down constraints that prevent systems from being more efficient, more responsive and agile. IoT is the tool that makes companies smart.
Wondering how you can maximise the value of your IoT strategy?
Use the connected product maturity model to identify capabilities that make sense for your existing and future product portfolio. Then consult the connected product value curve model to locate and measure the cost and revenue benefits of those capabilities.
Know more about My IoT Business Value for Smart Connected Products:
Hear from the experts from PTC and Sysmex America who explain how the IoT is creating new revenue opportunities for businesses.
Know more about My Industrial IoT Business Case for Smart Manufacturing:
Connectivity and development tools made for Industrial Internet of Things (IIoT) enable developers to quickly create, test and deploy solutions faster than ever thought possible.
Integrated capabilities of the platform enable developers to create more feature-rich solutions in a fraction of the time of other platforms.
Developers quickly and easily create IoT solutions that are scalable, secure, and meet the needs of the largest of enterprises.
We have various solutions that cater to different needs and enables the enterprises to rapidly develop and deploy the solutions for IoT: