Think the Internet of things is just another tech trend, long on theoretical potential and short on practical reality? We’ll admit that chipped basketballs and “smart shoes” feeding fan apps with real-time stats and graphics are sexy — the NBA and other major league sports will likely be early IoT adopters. However, we believe that more mundane uses, like extending equipment monitoring and control systems, as well as some innovative new possibilities, particularly those leveraging the ubiquity of smartphones, can make IoT a profitable strategy for a broad range of industries.
In this report, we’ll cut through the jargon to discuss exactly what IoT is and how and where to apply it. Our focus is on the sorts of IoT scenarios businesses large and small might use to increase reliability and efficiency, reduce costs, improve the customer experience, even build new services