While the internet of things (IoT) continues to draw praise for its promise to reinvent such areas as supply chain management and the connected home, a more quiet revolution may be brewing, as companies are already experimenting with IoT devices to improve the productivity, efficiency and security of internal IT operations.
IoT market projections are bullish, and the enterprise segment is no exception, as Bain & Co. estimates enterprise IoT spending to surpass $520 billion by 2021, more than double the $235 billion spent in 2017. According to Bain, enterprises are running more proofs of concept now than two years ago, and more organizations are considering new use cases as well — 60 percent in 2018 compared with less than 40 percent in 2016.
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(Insider Story)
Read More from This Article: How IoT can improve IT operations
Source: News