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When Big Iron Meets Big Data: Unlocking Value Creation Opportunities in the Internet of Things – Industry Report
- Jun 25, 2014
The physical world is becoming an information system, where connected objects and devices can both sense the environment and communicate data. The global enthusiasm surrounding the ecosystem known as the 'Internet of Things' (IoT) has positioned data as one of the most valuable intangible assets that a company can own and monetise. According to IDC, the worldwide market for IoT applications (intelligent and embedded systems, connectivity and security services, infrastructure services and platforms) reached $1.9 trillion last year and is expected to more than triple to $7.1 trillion by 2020. IDC expects the number of installed IoT units to grow at an annual rate of 18% to 28 billion units by 2020.
- Tags:
- Big Data
- Big Iron
- Internet of Things
- IoT
- Value Creation