The Internet of Things (IoT) is coming and it's set to cause a revolution in workplaces everywhere. Global spending on IoT deployments will exceed $1 trillion by 2020, according to market intelligence firm the International Data Corporation. But before your organization commits to spending on IoT, here are the top questions C-level executives should be able to answer.
We stand at the cusp of a flood of data.
According to a Cisco report, the Internet of Things (IoT) will by 2020 annually generate about 600 zettabytes of data, of which 6 zettabytes will enter into storage. (For perspective, a zettabyte is to a gigabyte as the Great Wall of China is to the cup of coffee on your desk.)
That information can be of incalculable value to companies, opening new frontiers in analysis — if, that is, companies know how to derive that value in the first place. What follows is an overview of fields your company must master if it's to transform that flood from data to information to knowledge to wisdom.