The Internet of Things 2015

The Internet of Things is founded on familiar technologies — like sensors, networking, and cloud computing — but its potential for transformation is incredible. It’s not hype. The Internet of Things (IoT) is already having a massive impact on business. It offers organizations the opportunity to transform how they operate, and gives both new entrants and established players the ability to innovate and disrupt. Adoption is growing rapidly, but IoT isn’t yet widespread. Whether you’re in the public sector or private; big or small — if you don’t have an IoT strategy, you should. In this report we cover what IoT is, what organizations are doing with it, and give some recommendations on how to get the most out of it.

Organizations are seeing measurable benefits from Internet of Things (IoT) projects. Transportation companies are saving millions of dollars by reducing fuel consumption using data captured, transmitted, and analyzed in near real-time. Local governments are making budgets go further with LED smart street lighting that doesn’t need regular maintenance, but can automatically report when it needs to be repaired. Utility companies are eliminating costly and inconvenient home visits to read meters by introducing smart meters that report more granular usage data without human intervention. These are just a few examples of the myriad ways in which IoT is making new products, business models, and processes possible.

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Source: Verizon

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