Internet of Things (IoT) solution providers will see enormous opportunities for enterprise IoT solutions in the coming years. By 2020, 25 billion enterprise-owned Internet-connected things across the globe stand to generate up to USD 2 trillion in economic benefit according to Gartner Research. But these are not consumer devices, such as smartphones and PCs; enterprise-owned Internet-connected ...things include smart spaces, digital ceilings, smart lighting, and industrial equipment.
These opportunities for IoT solution providers come with significant challenges since enterprise IoT is much more complex than consumer IoT.
Intel IT, along with our internal partners, has implemented several IoT solutions in our offices and factories. We have experienced challenges associated with cost, organizational alignment, security, and changes to business processes.
We believe IoT standards that help enable a horizontal platform bring these benefits:
End-to-end integration. A single enterprise IoT network reduces cost and complexity.
More solutions. Suppliers designing to common standards bring products to market more quickly.
Improved security. Clearly defined, standard security requirements across industries ensure important built-in security methods from the beginning.
Better quality. Open standards increase peer review, which leads to higher quality solutions.
Lower cost. With all IoT solutions coexisting on a single infrastructure, technology duplication is eliminated, increasing operational efficiency and decreasing total cost of ownership (TCO).
IT departments are in a unique position to lead the transition to open standards-based IoT, helping organizations reduce time to market, improve security, and align expectations with the company.