If the potential of IoT is to be realized, enterprises, communication service providers, and government entities need to be able to take advantage of the opportunities in data, IoT scalability, and new revenue streams. A horizontal IoT platform offers a standards-based solution that can handle every aspect of M2M device management from data collection to data contextualization and analytics, as well as event processing, end-to-end security and application enablement.
Data – or rather the insights it provides – forms the foundation of our future connected world. This requires data be authenticated to ensure it comes from a trustworthy source. Once reliable data has been collected, organizations need help to generate IoT analytics that will offer meaningful insights. Each of these is available through a horizontal IoT device management platform that offers end-to-end data authentication, privacy and security.
Innovations are being developed by a myriad of sources which has created a disjointed evolution that is only exacerbated by the sheer pace and volume of the opportunities coming to market. A a call for common standards and thinking is needed, especially as it relates to safety and security. Organizations require a scalable IoT platform that will save them from having to build business-specific solutions for every application. A solution that is flexible to accommodate any device, any protocol and any application will simplify an increasingly complex ecosystem while enabling new innovations to be brought to market quicker.
As organizations execute against their IoT strategies, they will look for opportunities to expand their capabilities in ways that will create more value for their business and their customers. With greater visibility into data and more reliable insights, organizations will be able to leverage their horizontal management platform to identify and build revenue-generating opportunities that can monetize IoT and optimize network efficiency.
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Gartner says that there will be 8.4 billion connected "things" will be in use in 2017 - up 31 percent from 2016.