The incredible growth of the Internet of Things (IoT) is changing our world. Two decades ago, the Internet was confined to computers. Since then, it has encompassed mobile devices including phones, smartphones, and tablets and today even the ubiquitous automobiles, TVs, and refrigerators. IoT is a global technological opportunity of unprecedented scale.
IDC® predicts global technology spend on IoT ecosystem to exceed US$1 trillion by 2026.
McKinsey® Global estimates that IoT has a total potential economic impact of US$3.9-11.1 trillion a year by 2025.
Statista® says that there will be approximately 29 billion IoT devices by 2030.
The intelligent connectivity of physical devices through Internet of Things is driving massive gains in productivity, business growth, efficiency and quality of life in the consumer, enterprise, and industrial segments. The inter-connectivity of wide range of devices, networks and people promises to deliver game-changing products, solutions and services along with huge cost savings, increased safety, higher process efficiencies, better customer experiences and new revenue streams.
Next-gen managed services, supplies replenishment, productivity and user experience solutions involving print, imaging, computing and communication equipment.
Improved security, compliance and service leadership with solutions involving banknote processors, ATMs, secure transportation and sensors.
Increased availability of medical equipment through remote diagnostics, field service and supplies replenishment, innovation in remote care & wellness with connected personal health devices.
Enhanced governance and citizen services with smart parking, smart lighting, emergency management, tourism promotion and environment protection.
Location aware and smart fleet solutions that co-relate assets, loads and user contexts involving vehicles, containers, navigation, logistics and toll infrastructure.
Enhanced security solutions for homes, enterprises and industries involving surveillance, access control, biometric sensors and identity systems.
Auto replenishment, auto fulfillment, remote services and contextual promotions involving self-service kiosks, vending, dispensers and intelligent signage.
Omni-channel, personalized shopping solutions involving NFC, POS systems, vending systems, auto replenishment, digital signage and smart tags.
That is not all… IoT is also enabling Smart Automobiles, Smart Homes, Smart Wearables, Smart Factories, Smart Green Tech… the impact of IoT is far and wide!
Read our IoT Case Studies to understand how Thinxtream has transformed our customers’ businesses with IoT solutions and IoT services.
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An IoT solution helps create a digital identity for a device, collects data from it and its surrounding environment, and enables its remote control. It consists of sensors and actuators, communication channels, data collection on the cloud, and applications.
A typical IoT reference architecture comprises the Edge, Platform and Enterprise tiers. IoT solutions come with their challenges of scale, diversity, connectivity, privacy, security and regulatory compliance. IoT platforms such as Azure IoT Hub and AWS IoT implement reference architectures and help businesses overcome technical challenges in implementing IoT solutions.
For additional information on IoT, read our other IoT white papers
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