Aneet Chopra gave a presentation on the IoT transformation at the IoT Growth and Innovation Forum in 2015. He discussed that IoT will impact 50 billion connected devices generating $19 trillion in value by 2025. However, transitioning to an IoT model presents challenges around justifying ROI, developing new services and partnerships, and complex monetization models. Chopra recommends that companies transition by moving to an open system approach, developing key architectural competencies like security and manageability, pursuing partnerships, and exploring new service-based business models to maximize value from connected data. Companies should take action on this journey to remain competitive in the growing IoT industry.