COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
  • Working to reshape business models, modernize products and enhance customer experiences to drive growth.
  • Reinventing and managing your most essential business processes with new ways of working.
  • Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business.
COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More

Contact Us

THANKS FOR YOUR INTEREST IN COGNIZANT.

We'll be in touch soon!

x CLOSE

Refer back to this favorites tab during today's session for access to your selections.
Refer back to this favorites tab during today's session for access to your selections.x CLOSE

Perspectives

Decomposing the Internet of things: A $14.4 Trillion Opportunity

2014-07-10


The Internet of Things (IoT) is turning out to be bigger than the Internet itself. And with size comes the promise of improved asset utilization, process efficiency, productivity, cost savings and of course, revenues.

The Internet of Things (IoT) is turning out to be bigger than the Internet itself. And with size comes the promise of improved asset utilization, process efficiency, productivity, cost savings and of course, revenues.


 

This infographic traces the evolution of the IoT and reveals its impressive size and scale—an estimated 50 billion connected devices by 2020—which adds up to a $14.4 trillion business opportunity. It also outlines the inevitable challenges that must be overcome by organizations seeking to cash in on a big opportunity that will only get bigger over time. Lastly, it provides guidelines on ways organizations of all sizes and shapes can harvest the enormous benefits of this phenomenon.

 

To learn more about the Internet of Things—read our white paper Reaping the Benefits of the Internet of Things, available on our Future of Work Web site.

Related Thinking

Save this article to your folders


Save

PERSPECTIVES

The Way to a True End-to-End Social...

To ride the social media wave and cash in on emerging opportunities,...

Save View

Save this article to your folders


Save

PERSPECTIVES

Twelve Ways SMAC Can Save Hotels, Agents...

Travel and hospitality is a cut‑throat and competitive business. Amid...

Save View

Save this article to your folders


Save

PERSPECTIVES

Funding Change: How Retail Gets SMAC...

For retailers, investing in social, mobile, analytics and cloud technologies...

Save View
Decomposing the Internet of things: A $14.4 Trillion Opportunity