A few years ago, who could have guessed that a bunch of everyday objects or "things," could cause such upheaval in the way we live and do business? And yet, here we are in the midst of a data explosion, instigated in part by the so-called Internet of Things, a vast and growing network of sensor-enabled devices embedded in everything from vehicles, to healthcare equipment, to household appliances. These connected "things" — which in 2012 accounted for 0.6% of the estimated 1.5 trillion things in existence — are expected to number 50 billion by 2020 — or 6.58 connected devices per person.1
The market for wearable electronics alone is forecast to cross the $8 billion mark by 2018,2 across the consumer, healthcare, enterprise and industrial sectors. The result: A boom in global IP traffic volume, which will reach 1.4 zettabytes per year by 2017.3
This data explosion has significant implications for enterprises, particularly those seeking to sharpen their competitive edge by deftly interpreting the accumulated bits and bytes and transforming them into workable insights that inform and illuminate business strategy and direction.
The data deluge caused by increasingly chatty and connected products, services, industrial devices, consumers and enterprises has resulted in the creation of fields of information — or what we call a Code Halo™. In a business context, these halos enable meaningful connections among people, organizations and devices. Extracting meaning from Code Halos is a skill that successful enterprises of tomorrow will need to master, with the help of new technology foundations and skills based on the SMAC Stack™ (i.e., social, mobile, analytics and cloud technologies).