By 2020, experts forecast that up to 28 billion devices will be connected to the Internet with only one third of them being computers, smartphones and tablets. The remaining two thirds will be other devices sensors, terminals, household appliances, thermostats, televisions, automobiles, production machinery, urban infrastructure and many other things, which traditionally have … [Read more...] about Internet of Things (IoT): More than Smart ‘Things’
IoT
The Internet of Things (IoT): 8 Myths and Facts
Any new technology involves a certain amount of uncertainty and business risk. In the case of the Internet of Things, however, many of the risks have been exaggerated or misrepresented. While the IoT vision will take years to mature fully, the building blocks to begin this process are already in place. Key hardware and software are either available today or under development; … [Read more...] about The Internet of Things (IoT): 8 Myths and Facts
5 Steps to Datafy Your Business and Be Successful
In the fast-changing world, it has become common to create new words by combining two words or linking it to the fication suffix. Examples of these include gamification and the latest is datafication. Datafication is the process of making a business data-driven. It involves collecting (new) data from various sources, storing them in a centralized location, combining them with … [Read more...] about 5 Steps to Datafy Your Business and Be Successful
Why The Internet of Everything Will Change Innovation As We Know It
We live in a world where accelerated change is the only constant. Organizations and consumers are generating massive amounts of data, which will only exponentially grow in the years to come. More and more organizations see the value of a Big Data strategy and are changing their company towards a data-driven, information-centric organization. As a result, we will see an … [Read more...] about Why The Internet of Everything Will Change Innovation As We Know It
Simplest Way to Monetize Data: Think of Data as a Product
With the exponential growth of IoT and M2M, data is seeping out of every nook and cranny of our corporate and personal lives. However, harnessing data and turning it into a valuable asset is still in its infancy stage of development. In a recent study, IDC estimates that only 5% of data created is actually analyzed. Thankfully, this is set to change as companies now have found … [Read more...] about Simplest Way to Monetize Data: Think of Data as a Product
