IoT Strategy A Top Challenge

Developing a strategic plan for the Internet of Things was the top challenge of attendees surveyed at the recent Sensors Expo. In building out the Internet of Things, the world is undergoing a transformation on a scale similar to the Industrial Revolution, essentially a fourth wave of the Internet when nearly everything will be connected. The early Internet was a collection of documents. Web sites served as online brochures or billboards. The second wave was an Internet of commerce when companies such as eBay and Amazon landed tens of billions of dollars in online sales. With the arrival of social media, the third wave became the Internet of people in which Facebook, for example, connects roughly a third of humanity to generate hundreds of billions of dollars. Now we are…

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