Accelerator: Internet-of-Things

Network of physical objects and virtual platforms embedded with software, sensors and network connectivity capable of collecting, exchanging and acting upon data

Internet-of-Things

Accelerator > Intelligent Devices

Interconnected devices continue to grow exponentially, bringing efficiency gains and cybersecurity concerns to business and consumer markets

Definition
  • Network of physical objects and virtual platforms embedded with software, sensors and network connectivity capable of collecting, exchanging and acting upon data

Outlook
  • Expected exponential growth in adoption of interconnected devices in industries such as healthcare, manufacturing, retail, transportation, and utilities to reduce waste and optimize processes
  • Heightened concerns on vulnerabilities to cyberattacks as more infrastructure assets are connected online
  • Projected rise in smart appliance ownership through declining costs and greater functionalities
  • Enabled ability to control home appliances and systems, including temperature, lighting color, music, entertainment, power use, and home security remotely using smartphones
  • Sustained focus on integration of appliances and devices across interoperable standards

Implications
  • Improving business and consumer energy and other resource consumption and management
  • Enabling increased data collection on customers and business operations
  • Fueling need for improved Big Data and Analytics capabilities
  • Reducing labor-intensive monitoring and maintenance activities

How are you taking advantage of the Internet-of-Things applications to learn about customers, monitor your operations, reduce your costs, or improve your quality of life?