Through 2021, 50% of enterprises will have implemented Internet of Things (IoT), up from 12% in 2018.
But the lack of digital platforms that support IoT application architecture is causing businesses with IoT use cases to miss the opportunity to compete in this new digital era.
Digital teams too often treat the IoT as a silo experiment, making it hard for application leaders to integrate enterprise applications with connected “things.”
Unrealistic and uncoordinated business expectations for the IoT often waste IT resources in a series of isolated experiments, Application leaders often lack an understanding of the role of application programming interfaces (APIs) and ecosystems in IoT use cases, delaying them in developing an API strategy to connect to business partners, service providers and IoT platforms.
IoT use is growing rapidly in many industrial and consumer use cases, driving changes in digital business technology platforms. Application leaders in these industries must master the IoT by updating their application strategies to support digital business initiatives.
Published: 20 November 2018
Analyst(s): Deacon D.K Wan | Scot Kim
- Expand Your Application Strategy to Support IoT Use Cases
- Speed Up Support of IoT Use Cases by Developing an IoT Digital Business Technology Platform
- Leverage the IoT Ecosystem to Expand Your Business Impact by Enabling More Business Scenarios
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