Tracking the Market for Connected Devices in the Enterprise
Connected devices that harness the power of the internet of things (IoT), sometimes also known as the internet of everything, have been threatening to take off as the next revolutionary trend within the mobile technology space for some time now.
Experts within the mobile community at large have been discussing the potential use cases and abilities of IoT, and looking at how this disruptive trend will explode into life in the coming years, as the principles of Machine-to-Machine (M2M) technologies continue to mature.
A number of predictions regarding the rate at which this industry will develop across the globe have been emerging recently, with some analysts forecasting that M2M will become a worldwide market worth up to around $950 billion, involving as many as 12.5 billion devices by 2020.
Interestingly though, the nature of IoT indicates that it will actually be comprised of a diverse collection of many different markets, working in synchronisation for a variety of different purposes and functions.
As many different market segments begin to contribute to the proliferation of connected devices, with different drivers, different unique selling points and many different use cases, IT professionals must look at it from their own point of view, determining how M2M solutions can benefit their operations, and how to leverage IoT to gain an advantage over competitors.
There is no doubt that IoT is currently set to raise the bar of how much more productivity and efficiency can be delivered to enterprise technologies than existing mobility initiatives.
This is when the classic vision of a universally connected society, in which cities are self-serving, artificially-intelligent networks of smart-devices, sensors and systems streamlining the daily routines of millions, becomes to seem possible.
However, in order to be a justified investment and deliver real business value to enterprises, IoT must move away from existing trends such as BYOD to a level of connectivity, flexibility and agility that truly maximises the experience of the user.
The key driver behind the integration of these connected devices into employeeã??s daily tasks is building competitive advantages, with verticals such as manufacturing, transportation, retail, utilities, logistics, and countless others expecting to be transformed by the promises of M2M.
Of course, that is without mentioning that there are benefits of even greater value in areas of use such as the healthcare sector, where the improved abilities delivered to users can go so far as to help save more lives.
The capabilities of IoT and connected devices will allow organisations to take analytics from the systems and use them to great effect, dissecting the data stored in the cloud and other software infrastructures like never before.
The processes and the jobs which should expect to reap the rewards of IoT already exist, and are already being done, but the connected devices and reality-augmenting applications on the way are simply new tools to do these jobs quicker, cheaper and safer, with more efficiency.