The rapid adoption of Internet-connected devices will have a profound influence on business processes in the near and distant future.
As demand for Internet-of-things (IoT) devices grows, volume shipments of Internet-connected devices are expected to double within four years. The number of IoT devices connected to the Internet sold in 2020 will total 24 billion units, compared to 10 billion units in 2015, according to Business Insider.
Suppliers will seek opportunities by offering the devices or related services that directly meet business needs. Instead of selling technology solutions to IT departments as was done in the past, suppliers will offer IoT products and services directly to those responsible for specific business operations.
Improving the quality of services, productivity, and the reliability of operations are the top-three reasons businesses adopt IoT products and services, according to the magazine.