Rick Blaisdell: The Internet of Things creates business opportunities like never before

Source: „In terms of business models, the Internet of Things (IoT) shift is generating unprecedented opportunities that can be seized by companies to develop new services, enhance productivity and efficiency, improve real-time decision making, solve critical problems, and develop new and innovative user experiences.
 
Basically, IoT represents a tremendous opportunity for various types of companies, including IoT application and service providers, IoT platform providers and integrators, telecom operators and software vendors. According to some estimates, M2M (machine to machine) communications alone will generate approximately EUR 714 billion in revenues by 2020, and many IoT vertical segments are expected to experience a double-digit growth in the upcoming years.”
 


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