The Internet of Things Will Be Huge, Is Your IT Infrastructure Ready to Support It? by Harish Venkat
By Juergenkress-Oracle on Jun 08, 2015
predicts that the worldwide IoT market will grow from $1.3 trillion in
2013 to $3.04 trillion in 2020 (1). IDC also states that within three
years, 50% of IT networks will transition from having excess capacity to
handle the additional IoT devices to being network constrained. (2)
As further evidence, analyst firm 451 Research reported an increase in M&A spending in 2014 that pushed 'Internet of Things'-related deal-making past the $14bn mark, a fortyfold increase in acquirer spending compared to 2013. (3)
This rate of growth cannot be ignored. IoT is inevitable and will create tremendous opportunity for a new wave of services built around connected devices. It will also pose challenges to IT and infrastructure leaders for the following reasons:
- The volume of data that will come off devices will be enormous and capable of completely overwhelming network infrastructures.
- IT infrastructures will need to support these vast amounts of data.
- Solutions that aren’t fully integrated will fail to deliver needed data and analytic capabilities. All devices will need to be integrated with all other devices, so seamless integration of applications and technologies will be critical.
- Realizing business value from IoT will be dependent upon scalable and flexible infrastructures that can integrate and secure data received from various components and devices.
can you prepare? A good first step is to modernize IT infrastructures
and upgrade legacy architectures. As is the case with other technology
trends like mobile, big data, and social, IT needs to be agile and
strongly aligned with the business. This means anticipating and
responding to business needs quickly, providing real-time information
that informs decision-making, and being scalable to support planned and
unplanned growth. Read the complete article here.
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