A term first known only by developers and engineers, the Internet of Things (IoT) has quickly become an industry buzzword. Everyone is talking about it, but what does it actually mean? The answer varies depending on where you look and who you ask.
IDC estimates there will be 30 billion connected "things" by 2020, and IoT is changing how value is created. It has never been more important to understand the IoT and what it can mean for your organization.
During a panel at LiveWorx 2016, we asked some leading technology companies building IoT solutions and apps to tell us what IoT means to them. Read what they had to say below, and stay tuned for thoughts from other industry IoT leaders in Part 2.
“It is about today’s digital technologies that drive transformation in our physical world – of products, processes, and places unlocking productivity and enabling differentiated business models.” - Frank Antonysamy, Head – Engineering and Manufacturing Solutions, Cognizant
“Using data to improve the way we live, work, and do business.” - Andy Rhodes, Division Head, IoT, Dell
“For industrial OEMs, the IoT is a key enabler for building more meaningful, real-time collaboration with customers in a way that creates new sources of value for both parties.” - Eric van Gemeren, Vice President of R&D, Flowserve
“A huge, untapped opportunity and the next killer app for big data analytics.” - Puneet Pandit, Founder and CEO, Glassbeam
“The IoT and deep computing at the ‘edge’ will drive the next wave of innovation for our customers and partners, enabling them to drive new and better business outcomes.” - Gerald Kleyn, Director of Engineering, HPE
“IoT is all about unlocking the next massive wave of innovation fueled by imagination and significant advances in efficient processors, sensors, networking radios, and software.”
- Ian Fountain, Director of Marketing, National Instruments
“Having end-to-end business impacting applications with connectivity from the device to the business application and system of record to inform and drive real time decisions and processes.” - David Sacks, Senior Director, Platform Partner Ecosystem, SAP
“Unlocking the industry’s ability to access data and apply insights to deliver proactive results for customers while expanding ROI opportunities.” - Jonathan Skelding, Senior Director, Technology Alliances, ServiceMax
Now tell us what you think. Comment below with what IoT means to you.