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Frost & Sullivan: Internet of Things (IoT) a pivotal catalyst for the ICT industry in 2014

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Frost & Sullivan: Internet of Things (IoT) aFrost & Sullivan: Internet of Things (IoT) a pivotal catalyst for the ICT industry in 2014 PR Newswire SINGAPORE, Nov. 25, 2013 The Internet of Things (IoT) is set to be a key area of interest for IT buyers and sellers in 2014. "The explosion of IoT activity over the next few years will be driven by the nexus of low cost sensors, cloud computing, advanced data analytics and mobility," says Andrew Milroy, Vice President, ICT Practice, Frost & Sullivan Asia Pacific. Milroy added, "Numerous opportunities will emerge as more and more data is generated by machines ('things') than human beings, such as to analyse and use vast amounts of data, to store data and source application functionality in/from the cloud, to create, manage and support apps that enable the operation and management of IoT implementations and to provide high speed connectivity between objects and the people, who work with them and use them." Demand for big data analytics tools The IoT will create much more data than is currently generated by people. Powerful analytics tools will allow this additional data to be optimised, potentially allowing organisations to increase efficiency and effectiveness, innovate and transform the way they do business – and as a result, generate revenue. As organisations prioritise big data and seek to improve evidence-based decision making, demand for these tools will increase.

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Published 25 November 2013
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Language English
Frost & Sullivan: Internet of Things (IoT) a pivotal catalyst for the ICT industry in 2014

PR Newswire

The Internet of Things (IoT) is set to be a key area of interest for IT buyers and sellers in 2014. "The explosion of IoT activity over the next few years will be driven by the nexus of low cost sensors, cloud computing, advanced data analytics and mobility," says Andrew Milroy, Vice President, ICT Practice, Frost & Sullivan Asia Pacific.

Milroy added, "Numerous opportunities will emerge as more and more data is generated by machines ('things') than human beings, such as to analyse and use vast amounts of data, to store data and source application functionality in/from the cloud, to create, manage and support apps that enable the operation and management of IoT implementations and to provide high speed connectivity between objects and the people, who work with them and use them."