In my recent blog post I explored the concept how to innovate with efficiency and agility. Every business wants to be “innovative.” But it takes more than new ideas or even new products to merit that label. That is where IoT can help.
The Internet of Things, or “IoT,” describes a world in which more and more devices are sensor-enabled, connected, and able to share information about their current state and the environment in which they operate. That world is already upon us.
In a recent Schneider Electric global IoT survey of more than 2,500 business decision-makers around the world, over 70 percent of respondents indicated they believe IoT will:
- create new business opportunities for their companies in the near future
- improve the efficiency of their businesses and others
- deliver long-term business benefits
- become the critical interface between companies and their customers
And, tellingly, nearly half of survey respondents feared that not adopting IoT solutions in their operations would negatively impact their businesses, leading to a loss of competitive advantage.
Check out our IoT 2020 Business Report to see our predictions for the future of IoT and what it means for your business.
I spoke at IoT Solution World Congress 25th-27th Oct. 2016 in Barcelona, Spain on October 25th and discussed “Leading in IoT with Innovation at Every Level.” Feel free to watch my presentation below or visit our Innovation at Every Level webpage to learn more.