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The Internet of Things is becoming a big deal for people in countless professions. It is projected that there will be over 75 billion IoT devices by the year 2025. The IoT is creating a lot of new changes that we have to prepare for. However, the IoT is also driving a number of new challenges as well.
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.
According to a recent Forbes article, “the prescriptive analytics software market is estimated to grow from approximately $415M in 2014 to $1.1B AI is automating insights and enhancing predictive capabilities, while IoT devices are increasing the availability of real-time data from diverse sources.
IoT opens doors to threats. 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. The rise of IoT malware. Cost-effectively ingest, store and utilize data from all IoT devices.
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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