4 Takeaways From Accenture's $14 Trillion IoT Prediction - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Comments
4 Takeaways From Accenture's $14 Trillion IoT Prediction
Newest First  |  Oldest First  |  Threaded View
Charlie Babcock
50%
50%
Charlie Babcock,
User Rank: Author
1/23/2015 | 8:16:07 PM
Digital revolution will proceed faster than industrial
The notion that developed economies have the advantage over emerging economies is striking. We've emerged from the hunter/gatherer phase to industrialized society quite slowly and still draw many analogies from outmoded ideas in the natural world, such as "horsepower." The digital economy is going to develop much faster and rest in the hands of those who shift their thinking into the logic of moving bits instead of the logic of moving bushels, barrels and locomotives.
Gary_EL
100%
0%
Gary_EL,
User Rank: Ninja
1/23/2015 | 2:44:43 PM
Three significant figures - huh.
14.2. The very precision of such a figure casts doubt on the whole prediction. The IOT will be a major fork in the road - nobody can seriously doubt that. But to pinpoint it to such a degree is almost silly. There are too many ifs, ands and buts, too many unknowns, too many things that can break in any number of directions. Assumption upon assumption upon assumption. It would be much more believable if they would have said, say, between $12 and $16 Trillion. I was briefly involved in the "prediction industry" at one time, and, yes, those who commission such surveys do demand decimal points. I wasn't high up enough in the food chain to know if they actually believe in them themselves.
pfretty
100%
0%
pfretty,
User Rank: Ninja
1/23/2015 | 8:51:37 AM
Potential is there
No doubt the potential is there for the industrial IoT to succeed. After all, there are a handful of large organizations who are already operating with a closed loop IoT system -- seeing tremendous results.  However, the big challenge for many organizations is the lack of data knowledge/expertise. Before IoT can truly take off, the data maturity level needs to improve and organizatons need to truly develop an analytical culture capable of driving data-based decisions on a very regular basis. The type of decisions that continue to push the envelope into areas of uncertainty.

Peter Fretty, IDG blogger working on behalf of SAS

 


2018 State of the Cloud
2018 State of the Cloud
Cloud adoption is growing, but how are organizations taking advantage of it? Interop ITX and InformationWeek surveyed technology decision-makers to find out, read this report to discover what they had to say!
Slideshows
9 Steps Toward Ethical AI
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/15/2019
Commentary
How to Assess Digital Transformation Efforts
Lisa Morgan, Freelance Writer,  5/14/2019
Commentary
Is AutoML the Answer to the Data Science Skills Shortage?
Guest Commentary, Guest Commentary,  5/10/2019
Register for InformationWeek Newsletters
Video
Current Issue
A New World of IT Management in 2019
This IT Trend Report highlights how several years of developments in technology and business strategies have led to a subsequent wave of changes in the role of an IT organization, how CIOs and other IT leaders approach management, in addition to the jobs of many IT professionals up and down the org chart.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll