The Internet of Things or IoT an ecosystem of organizations, people and environment where its involved in designing hardware, software, platforms, connectivity, integration, etc through the Internet. The Internet of Things (IoT) has the potential to offer business value that goes beyond operational cost savings. Providers in the IoT ecosystem have a largely unexplored opportunity to develop compelling IoT solutions that explore how the ability to collect and analyze disparate data, in real-time and across time, might transform the business. We offer strategies—to both enterprise adopters and IoT providers—to unlock the business value of connected devices.
IoT ecosystem is a complex market, with multiple layers and hundreds of players, including device vendors, communications service providers, IoT platform players, software vendors, and IT services providers. The growth of this market from the autonomously connected end points and its spend potential as well as assessing the device, platforms applications and services that will enable a world of connected things.