
Industry News Details
What You Need To Know About The Internet Of Things Posted on : Aug 20 - 2015
Information technology has dramatically changed the way we work and play in a mere two or three decades. That said, the IT revolution is really just beginning, and the next phase of connectivity is already becoming a part of our lives today. The Internet of Things is turning the Internet into much more than just a useful place to get information or communicate with others, with the IoT it is becoming a command-and-control network for practically all aspects of our daily lives.
The IoT connects "things" to the Internet. This means a "dumb" coffeepot, refrigerator, washing machine, light bulb or alarm system can become "smart" and be programmed to perform a variety of tasks that save time and money or increase safety. Global management consulting firm McKinsey & Company recently published an article titled An executive’s guide to the Internet of Things. In the article, authors Jacques Bughin, Michael Chui, and James Manyika argue that the Internet of Things offers three overlapping opportunities for businesses: expanding "pools of value" in global B2B markets, creating new methods for operational excellence and innovative new business models. View more