THINGS — Internet of Business Opportunities
VINT research report 1 of 4
Business enthusiasm for Internet connected things is related to new opportunities to combat waste in the broadest sense of the term. Lost time and attention, lost energy and money, machines that are shut down for maintenance too quickly, etc. This waste occurs among all parties: clients, suppliers, governmental bodies, service providers and the manufacturing industry. You should direct your things efforts at the triad of combating waste, building autonomous systems, and intensive client interaction: in short, smact.
The figures concerning the impact of such intelligent things are dazzling, amounting to many thousands of billions. McKinsey estimates the market to be worth 2,700 to 6,200 billion dollars, Cisco talks about 14,400 billion. These estimates mean that this development is related to the whole economy. This is why notions such as Internet of Everything are currently going around. The value behind these enormous sums is related to all kinds of waste. Whether this concerns a reduction in the cost of healthcare as a result of remote healthcare, or a reduction due to fewer car accidents, a part of the waste is consistently being eroded as intelligent digital things are arriving as a replacement.