The ability to collect and analyze disparate data in real-time and across time.
As machines and objects become more intelligent, armed with enhanced analytics, context awareness and predictive decision-making, they will be able to act in ways that benefit individuals and the larger system
Growth of IoT
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Although estimates vary, analysts expect significant growth for the entire IoT ecosystem. In a recent survey, nearly 75 percent of executives indicated that their companies were exploring or adopting some form of IoT solution, and executives believe that integrating IoT into the main business is necessary in order to remain competitive.
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Given the optimistic predictions and large market figures put forth, where will your business value come from in IoT?
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Nearly three-fourths of businesses who express interest in adopting IoT solutions are looking for new business opportunities and ways to fortify existing business and customer satisfaction
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The path to competitive advantage ultimately rests on strategy.
HBR research reveals that in a smart, connected world companies face 10 new strategic choices. Each choice involves trade-offs, and each must reflect a company’s unique circumstances. The choices are also interdependent. The company’s entire set of choices must reinforce one another and define a coherent and distinctive overall strategic positioning for the company.
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HBR research reveals that in a smart, connected world companies face 10 new strategic choices. Each choice involves trade-offs, and each must reflect a company’s unique circumstances. The choices are also interdependent. The company’s entire set of choices must reinforce one another and define a coherent and distinctive overall strategic positioning for the company.
Click to continue reading....