Internet of Things (IoT) describes an emerging trend where a large number of embedded devices (things) are connected to the Internet to participate in automating activities that create compounded value for the end consumers as well as for the enterprises. Many organizations are hesitant to tap into the power of the IoT due to the vulnerabilities and evolving threat while working with and managing such diverse and constantly evolving devices and the network environment that they operate in.
SmartCity, SmartHome, SmartEnergy, SmartWearable, SmartEnterprise… SmartX. But just how smart are these IoT solutions, really?
Many early IoT deployments simply connect an asset to the internet but have no strategic plan for how to leverage the data to deliver smart services that will enable a smarter future. As such, they paint themselves into a corner because they can't find a path to scale their hardware and software solutions to generate revenue.