IoT Market Forecast At $11 Trillion, Report Finds - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Comments
IoT Market Forecast At $11 Trillion, Report Finds
Newest First  |  Oldest First  |  Threaded View
<<   <   Page 2 / 2
Joe Stanganelli
100%
0%
Joe Stanganelli,
User Rank: Author
6/29/2015 | 11:25:09 PM
Re: Like Lemmings
And not even the routers... Many IoT devices still, unfortunately, are based on outdated embedded systems with connectivity patchworked in, making them highly vulnerable -- and we see this even in industrial SCADA systems.

Sad.  Scary.
Joe Stanganelli
100%
0%
Joe Stanganelli,
User Rank: Author
6/29/2015 | 11:23:35 PM
Re: Like Lemmings
That's one of the benefits of effective IoT technology though with smart sensors...  Sensors that can parse out the useful data from the "noise" on site so that the data you get back is filtered and you don't have to deal with a lot of the useless junk on your own primary systems.
Joe Stanganelli
100%
0%
Joe Stanganelli,
User Rank: Author
6/29/2015 | 11:22:34 PM
IoTrillion
To speak of the big T number when it comes to IoT, according to presenters at LiveWorx last month here in Boston, ThingWorx anticipates that in ten years, there will be a trillion connected devices (and, for that matter, over half a billion apps to support those devices and justify their value).
larryloeb
100%
0%
larryloeb,
User Rank: Author
6/29/2015 | 8:18:17 PM
Re: Like Lemmings
I agree.

Actionable and usable insights always take effort (and hence cost) to emerge from the raw data.

Like big data analysis, there is a cost to getting those insights.

 

 
Thomas Claburn
100%
0%
Thomas Claburn,
User Rank: Author
6/29/2015 | 6:51:16 PM
Re: Like Lemmings
IoT will generate a lot of new data. But translating that data into information that can drive action has a cost. And it remains to be seen whether that cost will be worth it broadly or only in specific circumstances.
larryloeb
100%
0%
larryloeb,
User Rank: Author
6/29/2015 | 5:48:54 PM
Re: Like Lemmings
Any time some field opens up, some consultant makes rosy estimates. It's to be expected.

People who have to acutally do it don't forget the problems.

As far as I could see, the problem of someone hacking all the IoT routers was never even considered, for example.
asksqn
100%
0%
asksqn,
User Rank: Ninja
6/29/2015 | 5:34:52 PM
Like Lemmings

<excerpt>

It uses bottom-up economic modeling to estimate the economic impact of IoT by the potential benefits it can generate. This includes productivity improvements, time savings, and improved asset utilization, as well as an approximate economic

value for reduced disease, accidents, and deaths.

 

Funny thing about estimates and speculation RE the IoT gravy train -  It rarely includes any mention of unforeseens such as data breaches that will cost consumers mucho dollars.  But, as usual, those who stand to gain the most from the buying/selling/trading of consumer data don't have much to say about it. 

<<   <   Page 2 / 2


2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
The State of Chatbots: Pandemic Edition
Jessica Davis, Senior Editor, Enterprise Apps,  9/10/2020
Commentary
Deloitte on Cloud, the Edge, and Enterprise Expectations
Joao-Pierre S. Ruth, Senior Writer,  9/14/2020
Slideshows
Data Science: How the Pandemic Has Affected 10 Popular Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/9/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Automation Transforms Network Management
In this special report we will examine the layers of automation and orchestration in IT operations, and how they can provide high availability and greater scale for modern applications and business demands.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll