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Internet of Things (IoT)
Reinvent your business
To harness the full potential of the Internet of Things (IoT), companies need to react to a paradigm shift in the value creation of an enterprise. IoT is driven by digitisation, advanced analytics & technologies and has a disruptive impact on how we interact with increasingly smart and connected devices.
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IoT transforms every company into a digital company
Acceleration in innovation opens a wide range of business opportunities facilitated by the Internet of Things (IoT). IoT comprises cyber-physical communication and big data storage of information gathered by exponential technologies. The speed of change also leads to disruptive business models that reshape the business environment. Many companies focus their IoT investments on technology-enabled cost-savings and efficiency-gains. However, the Internet of Things is also a transformative force that opens new possibilities not only for increased efficiency but for greater differentiation and innovation as new business models are enabled. To address the outlined opportunties, companies need to move to a proactive business-led innovation approach where employees are trained to eventually master the Internet of Things.
The Internet of Things: a new perspective beyond technology
The impact in Switzerland - IoT Solutions across Industries
Sensor and communication technology continue to decline in size whilst performance increases. Consequently, the economics of sensor-based applications improve exponentially. Today’s applications include the use of sensors so small they can be worn or even ingested, and others so rugged that they can monitor the performance of high-speed rotating machinery such as jet engines and generator turbines. At the same time, big data tools for managing and analysing the vast data sets generated by swarms of sensors are rapidly maturing. New IoT solutions are released at an ever-accelerating pace across a wide range of industries:
How Deloitte can help
Deloitte is a global IoT consulting market leader with a broad range of IoT services designed to meet client needs across industries. The end-to-end IoT service offering ranges from ideation to strategy to implementation. On a daily basis, we work on new IoT solutions where all of them have the potential to revolutionise the way we lead our lives and run our businesses. Deloitte’s IoT offering combines deep industry knowledge with cross-competency delivery capabilities.
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Related publications
- IoT in times of crisis – relevant now more than ever
The Internet of Things (IoT) has been around since the 1970s when it was first implemented in ATMs. Despite predictions and forecasts of IoT becoming ubiquitous in all aspects of our lives, companies are still holding off on large-scale IoT investments. - Recognition for Deloitte Digital's Internet of Things practice
Deloitte Digital named a leader in Internet of Things Consulting IT by ALM Intelligence and an IoT Service Provider aligned with IoT Practice Leader Characteristics by Gartner - Industry 4.0 and the manufacturing ecosystem
The marriage of advanced manufacturing techniques with information technology, data and analytics is driving a new industrial revolution.
- Internet of Things: From sensing to doing
The IoT’s true value lies in its disruptive potential for reimagining business processes and, ultimately, rewiring business, government, and society. Realizing that potential means shifting IoT applications’ strategic focus toward not just sensing, but doing. - Value creation, value capture, and the Internet of Things
Most “things,” from alarm clocks to Zambonis, the human body included, have long operated largely “dark,” with their location, position, and functional state unknown or even unknowable. No longer, thanks to the Internet of Things (IoT). - Safeguarding the Internet of Things
The countless connected objects in the IoT ecosystem can create tremendous risk, demanding new strategies for value protection. - The rise of the digital supply network : Industry 4.0 enables the digital transformation of supply chains
Digital supply networks integrate information from many different sources and locations to drive the physical act of production and distribution.
- Industry 4.0 - Challenges and solutions for the digital transformation and use of exponential technologies
Around the world, traditional manufacturing industry is in the throes of a digital transformation that is accelerated by exponentially growing technologies companies and their industrial processes need to adapt to this rapid change if they are not to be left behind by developments in their sectors and by their competitors.
- Defence Policy and the Internet of Things: Disrupting Global Cyber Defences
Emerging defence policy challenges arising from the rapid global growth of devices connected to the public Internet, referred to as IoT.
- Turning value into revenue: What IoT players can learn from software monetization
Customers want connected technology, but can companies make any money from the Internet of Things? The answer is yes. - Digital future readiness
How do companies prepare for the opportunities and challenges of digitalisation?
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