Our connected world – everywhere we turn, whether you’re a consumer connecting your Fitbit to your iPhone or an IT Director connecting smart sensors to your inventory and ordering systems, we’re told that the world of Internet of Things (IoT) is the new world we live in. And it is: there are more connected devices, people, things (like cars), and systems in our world today than at any point in history.
The total number of machine-to-machine connections, for example, is forecasted to grow from 5 billion to 27 billion by 2024¹, representing revenue growth from $500 billion to $1.6 trillion. The market, business and technology conditions are perfect and are the answers for both why and how we found ourselves here, but questions remain as to how companies move ahead.