Understanding the True Impact of IoT: Stop Sitting on Your Hands

Posted by Allison Boccamazzo on October 17, 2016 at 9:06 AM

Think back for a moment on how much the world has changed in terms of connectivity over the last 20 years. Just consider that 16 years ago, only 6 percent of the world were Internet users. As of last year, that number had increased to about 42 percent, representing 3.1 billion users worldwide.

In just 25 years, we’ve gone from the birth of the World Wide Web to a world where IoT will consist of 24 billion connected devices by 2020.

Research shows that nearly 80 percent of businesses agree that digital transformation (in which the IoT plays a critical role) is their top strategic priority this year. As such, many are scrambling to reprioritize IT budgets and restructure their business models in order to support this seamless environment and thrive in today’s rapidly innovating digital era.

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So, what’s in it for leaders who step up to the plate and prepare their businesses for this onslaught of Internet of Things?

It promises more than just better opportunities enterprise-wide. It offers leaders the chance to reimagine business outcomes and possibilities like never before. It enables them to foster a culture built on inherent innovation and collaboration. Above all, it supports them with a dynamic business model that enables them to sufficiently meet customer expectations and demands that change nearly overnight. The Internet of Things allows businesses to completely redefine the customer experiences they deliver and how they deliver them. 

If you’re part of the 62 percent of companies that believe the current pace of change related to IoT is “accelerating significantly” in your industry, the question is: how can you keep up? While we wish the answer to this question was simple, it isn’t. We do, however, have a number of resources that can help you create your best IoT strategy:


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Tags: IoT, Telecom

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