Internet of Things

Smart, connected products raise a new set of strategic choices related to how value is created and captured, how the amount of new data they generate is utilized and managed, how relationships with traditional business partners such as channels are redefined, and what role companies should play as industry boundaries are expanded. The IoT will connect many of the devices we have in our homes, from smart thermostats to smart fridges. Today, the market for Radio Frequency Identification (RFID) tags, used for transmitting data to identify and track objects, is worth $11.1 billion. This is predicted to rise to $21.9 billion in 2020.

Connecting the sensors, devices and machines in the physical world to the Internet brings multiple new digital opportunities for industries, including:
  • Smart Home
  • Wearables
  • Smart city
  • Smart grid
  • Industrial Internet
  • Connected car
  • Connected Health
  • Smart Retail
  • Smart Supply chain and
  • Smart farming