How To Avoid Being Lost In The IoT Explosion

IoT is having a profound effect on business. 57 per cent of all global businesses have adopted IoT practices and 72 per cent of those believe their company is more profitable since embracing IoT. With this large scalability, however, comes the potential for catastrophe. More connected devices bring new business challenges around scale, interoperability, security and the management of devices and endpoints. Businesses need to think strategically about IoT adoption and not become caught up in the next wave of innovation. Any size organisation can benefit by connecting IoT to business processes – but, if a strategy is not in place, companies will find themselves throwing endless resources into connecting everything to the internet, rather than just those devices that are critical to their business. As a result, businesses may find themselves tangled in the web of connected devices and lost in the IoT explosion.