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5 thoughts on the future of IoT
- It is mostly a B2B story.
- Despite the buzz, it is still early in the market.
- We are going down the hypercycle.
- Cloud-edge computing is emerging as the new computing model
- Machines will have digital twins that can track past, understand the present and predict the future.
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What is IoT?
IoT can be simply defined as a continuous feedback loop of Things -> Insights -> Actions.
Though this in itself seems perfectly simple, it is indeed a complex digital loop. A digital loop that involves a lot of players together:
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3 stages in the IoT customer journey
- Connect & Monitor — Ability to gain real-time insights and improve business processes.
- Analyze & Improve — Optimize usage of assets and/or deliver better products to customers.
- Transform & Expand — Develop new business opport...
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