IoT: Disrupting B2B and B2C Enterprise Landscape

By CIOReview | Monday, December 11, 2017
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Internet of Things (IoT) has been one of the most booming topic and center of discussion in technology sphere for more than a decade. It not only powers technological devices but also has a great impact at an individual level, socially and applications ranging from micro to macro level in providing data and information. Although the penetration of IoT may vary depending on the nature of businesses, but it has immense potential to disrupt both B2B and B2C enterprises. From industrial production process to wearable gadgets IoT has marked its presence with a thumping impression.

While driving into the future, the scope of IoT is vast, as the technology will propel greater adoption of IaaS. A Forrester Research prognosticates by hypothesizing that there will be an increase in data exchange which eventually leads to more opportunity for companies commercializing data analysis. This might result in steering away from the contemporary platforms like Microsoft Azure IoT Suite or the General Electric Predix towards more compact companies delivering IoT services.

On the other hand, with all the complexities pertaining to IoT, there is a greater chance for security concern from both consumer and enterprise perspective. Depending on the ecosystem, there is a high probability for an increase in cyber attacks regarding data and identity theft in the coming future. However, the businesses and individuals acquiring IoT services must execute proper authentication and management of data in addition collecting and examining evidence based on past experience.