What impact will the Internet of Things have on you and your business? Read the latest white paper from our parent company DMI to discover what the future holds for the Internet of Things. You'll learn how your industry will be impacted by IoT, where the opportunities in the market are and how to tackle challenges associated with the growth of IoT.

1. How the Internet of Things Will Change Everything · 1
OF THINGS
HOW THE
INTERNET
WILL CHANGE EVERYTHING

2. How the Internet of Things Will Change Everything · 2
This white paper provides an overview of what the Internet of Things (IoT)
is and what it means for you and your organization. As you read on you will
see forecasts, stats and quotes related to IoT devices. We will also examine
how your industry will be impacted. Lastly, we will highlight the challenges
associated with the growth of IoT, how you can tackle those challenges –
and what the future holds for this technology and your business.
– IDC, June 2014
A TRANSFORMATION IS
UNDERWAY THAT WILL SEE
THE WORLDWIDE MARKET
FOR IOT SOLUTIONS GROW
FROM $1.9 TRILLION IN 2013
TO $7.1 TRILLION IN 2020.
"
"
How the Internet of Things Will Change Everything · 2
INTRODUCTION

3. How the Internet of Things Will Change Everything · 3
WHAT IS THE INTERNET
OF THINGS?
The Internet of Things, often referred to as “IoT”, describes a paradigm shift
and it will impact every person, home, business and public infrastructure
in the developed world over the next decade, likely sooner. According to
Gartner, “The Internet of Things (IoT) is the network of physical objects that
contain embedded technology to communicate and sense or interact with
their internal states or the external environment.”1
The Internet of Things was essentially born between 2008 and 2009, at the
point when more ‘things or objects’ were connected to the Internet than
people2
. However, perhaps the first connected device of sorts was the toaster
John Romkey invented and presented at the 2009 INTEROP conference. It
could be turned on and off via the Internet and was the first glimpse of things
to come.
The proliferation of mobile phones has changed our lives, the work place and
society forever. We believe that IoT will have an even greater impact. Just over
the last year alone, the number of global start-ups with IoT related concepts has
grown from 100s to 10,000+3
and within good reason. New chipset, sensor and
communication technology (that is smaller, cheaper, more modular and energy
efficient) is enabling us to realize concepts we only found in science fiction
novels, several years ago. Pairing this rapid technological progression with the
advancements in telecom networks and powerful cloud computing, allow us
to connect all of the devices together, analyze the data and provide intelligent
services through software.
1. Gartner http://www.gartner.com/it-glossary/internet-of-things/
2. Cisco Internet Business Solutions Group
3. Start-up Weekend, Seattle, 2014.
Smart Systems & the Internet of Things are driven by a combination of:
1. Sensors & Devices
2. Connectivity
3. People & Process
"The IoT has the potential to
impact everything from
new product opportunities,
to shop floor optimization,
to factory worker efficiency
gains that will power top-
line and bottom line gain."
- Goldman Sachs

4. How the Internet of Things Will Change Everything · 4
HOW WILL THE GROWTH
OF IOT IMPACT BUSINESS
LEADERS?
IoT will touch on every part of your life and society in the next couple of years.‎
For example, you will be able to control the temperature in your apartment from
your phone while on vacation in Bali or understand how many people walk into
each of your store locations, in Hong Kong, Cape Town, and Milan, from your
mobile device in New York.
Our homes are becoming intelligent, personal and public transportation is
transforming through connected vehicles, public buildings and infrastructure
are getting connected improving: security, energy usage, accessibility and
utilization. Additionally, public servants are enabled to spend more time serving
citizens and less time at a desk. The work place is changing everywhere with
processes and tools being mobilized and near-ubiquitous connectivity. We are
also seeing every sport and hobby changing through the use of wearables and
smart devices.
At DMI, we have been working with numerous clients on making the benefits
of IoT a reality for their business. For our Healthcare clients, we have been
developing platforms with the use of connected sensors, which will revolutionize
the way they engage their consumer. By leveraging the information gained
from sensors, the healthcare products they sell will no longer be used to
manage symptoms, but will become an integral part of patient health, through
predictive data.
4. Strategy Analytics, October 2014
"The Internet of Things has
the potential to transform
industries and the way we
live and work."
- Gartner
4
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