Forrester forecasts* that direct spending on the Internet of Things (IoT) will exceed $400 Billion by 2023. From manufacturing and utilities, to oil & gas and transportation, IoT improves visibility, reduces downtime, and creates opportunities for entirely new business models.
But successful IoT implementations require far more than simply connecting sensors to a network. The data generated by these devices must be collected, aggregated, cleaned, processed, interpreted, understood, and used. Data-driven decisions and actions must be taken, without which an IoT implementation is bound to fail.