Management is the biggest challenge in the internet of things, but new tools are here to address it...
Once considered a hyped-up novelty, IoT has now become a transformational force in the world of business, estimated to be worth $619 billion by 2026. From innovative new startups to major conglomerates, companies of all sizes are searching for ways to take advantage of the opportunities unlocked by IoT.
For example, by connecting a product, businesses can transition from being just a pure hardware provider to become a service provider, which can generate significant recurring revenues. “If you are an existing hardware manufacturer, connecting your product isn’t just another feature, it can totally reshape your business model,” says Pilgrim Beart, chief executive and founder of IoT management company DevicePilot.
Our report looks at the transformational force of IoT and how reliance on these technologies means reliance on high uptime levels. Download now for exclusive insights, statistics and expert advice on what it truly takes it succeed in IoT >>>