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The Internet of Things is becoming a big deal for people in countless professions. Back in 2014, Gordon Hui wrote an article in Harvard Business Review about the ways the Internet of Things changes business models. It is projected that there will be over 75 billion IoT devices by the year 2025.
In fact, SAP had been providing solutions to Petrosea since 2014 to support transactions and business processes in finance, supply chain management, and plant maintenance, among other areas. SAP was selected based on its technological capabilities and compatibility with Petrosa’s business case.
They rely on the “Internet of Things”, the deployment of sensors, Big Data analysis techniques, as well as a digital infrastructure centralized in cloud computing. But how can the “Internet of Things” contribute to energy efficiency? Most forecasts indicate that it is going to increase.
Football teams rely on huge amounts of data drawn from countless sources to take their play to the next level: Internet of Things sensors and other devices connected to the internet use GPS to track players and the ball’s movement in real time. Gleaning actionable intelligence from disparate data sources.
According to a recent Forbes article, “the prescriptive analytics software market is estimated to grow from approximately $415M in 2014 to $1.1B IoT Integration : The Internet of Things (IoT) is generating vast amounts of real-time data through connected devices, enhancing monitoring and analytics across industries.
Frost & Sullivan estimates that Asia Pacific will spend US$59 billion on the Internet of Things (IoT) by 2020, up from the US$10.4 billion in 2014. Here’s my take on the top three reasons. IoT opens doors to threats. The increase in spending is mostly fueled by the growth of smart city projects.
Luckily, in 2014 the Department of Justice, working with international agencies, managed to seize control of the malicious botnet and decrypt the hostage data free of charge. With the rise of the internet of things, smart IoT devices present a vast new wave of vulnerabilities.
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