The Internet of Things Ecosystem
Unlocking the business value of connected devices
Read about strategies ‒ for both enterprise adopters and Internet of Things (IoT) providers ‒ to unlock the business value of connected devices.
IoT has the potential to offer business value that goes beyond operational cost savings. Providers in the IoT ecosystem have a largely unexplored opportunity to develop compelling IoT solutions that explore how the ability to collect and analyse disparate data, in real-time and across time, might transform the business. These developments will play out within and across enterprises, offering opportunities for sustained value creation and even disruption for those who can imagine possibilities beyond the incremental.
Throughout this paper, we offer strategies — to both enterprise adopters and IoT providers — to unlock the business value of connected devices. For providers, we offer six actionable strategies to create solutions that improve enterprise adopters' business performance, not just in the short term but sustained over time. For enterprise executives, we offer a framework to think about where business value resides and where opportunities might exist for IoT solutions. Learn how IoT solutions can improve enterprise adopters' fundamental business values, not just savings and risk management, but revenue growth and innovation.
Listen to what our leaders and executives have to say about the future of IoT.
Visit our Strategy Blog for a local perspective on disruption, growth and competitive advantage from Deloitte Australia's Strategy practice or to read an article on Big Data creating Big Business: What does it mean for business models and the way organisations create and deliver value? By David Bloch and Simon Crisp, posted 21 August 2015.