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.