IOT
An information ecosystem
An information ecosystem
The IoT is transforming business and life in three major areas: Connected Cars, Smart Home and Health and Wellness.
The IoT system generates billions of data points, in some cases the data they collect can be used to communicate the status of a device, in other cases the data is used to provide a feedback loop, which companies can take advantage of, improving the functionality and user experience of their products. The benefits are clear: higher revenues, higher efficiency and lower costs.
The success of IoT depends on a flexible and adaptable culture. So it can also be implemented to develop innovative products and services that fuel entirely new sources of revenue.
At UST Global, we help companies to harness the full potential of the IoT to produce high-value, transformational business results.
Gartner forecasts that 25 billion “things” will be connected by 2021, producing a huge volume of data.
A key year for the 4 components of the IoT model: Sensors, Networks (Communications), Analytics (the cloud) and Applications.
International Data Corporation estimates that, by 2025, there will be over 41 billion connected devices generating 80 zettabytes of data.