Interesting report from the Economist Intelligence Unit in collaboration with ARM about the emerging Internet of Things Ecosystem and how companies are preparing for the next industrial revolution…
- The IoT is on the agenda of most companies in the report though there is significant disagreement on the industries that will be most impacted.
- While awareness of the IoT is high, investment in it from corporates is still very limited.
- Companies must understand collaborative business models to drive the development of the IoT.
- Businesses need to prepare for an explosion of data. No one has quite worked out what to do with it all.