It seems that much of the nonsensical characterisation of the Internet of Things such as your refrigerator ordering your groceries and having them delivered to your home is finally coming to an end…..
Access to data from edge devices outside the campus expands enterprise visibility, showing management more precisely how customers are using products, allowing companies to fine tune offerings in a constant and virtuous cycle of continual improvement.
It exposes ways companies can optimise operations with suppliers and other partners. It also delivers real-time information from new sources which companies can cost-effectively integrate into their strategy development process, allowing them to get new products and services launched faster and targeted more precisely into the market.
It is these and many other examples like them that deliver the real value and the wealth creation power of the IoT. The economic power of this wealth is what will transform the business landscape. Not – sadly – the talking fridge.
