Executive Briefings

In Electronics Industry, IoT Quickly Losing Status as Buzzword

As much as IoT is the buzzword of consumer electronics, it will quickly become a critical part of the electronics supply chain as companies use sensors to maximize efficiency of various business tasks and integrate that information into a strategic advantage.

In Electronics Industry, IoT Quickly Losing Status as Buzzword

In fact, by 2020, more than half of all new business processes and systems will incorporate some element of the Internet of Things (IoT), according to Gartner.

Much of the growth can be linked to the increasing affordability of sensor technology. "Uses of the IoT that were previously impractical will increasingly become practical," said W. Roy Schulte, vice president and analyst at Gartner. "The IoT is relevant in virtually every industry, although not in every application. There will be no purely 'IoT applications.' Rather, there will be many applications that leverage the IoT in some small or large aspect of their work. As a result, business analysts and developers of information-centric processes need to have the expertise and the tools to implement IoT aspects that play a role in their systems."

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In fact, by 2020, more than half of all new business processes and systems will incorporate some element of the Internet of Things (IoT), according to Gartner.

Much of the growth can be linked to the increasing affordability of sensor technology. "Uses of the IoT that were previously impractical will increasingly become practical," said W. Roy Schulte, vice president and analyst at Gartner. "The IoT is relevant in virtually every industry, although not in every application. There will be no purely 'IoT applications.' Rather, there will be many applications that leverage the IoT in some small or large aspect of their work. As a result, business analysts and developers of information-centric processes need to have the expertise and the tools to implement IoT aspects that play a role in their systems."

Read Full Article

In Electronics Industry, IoT Quickly Losing Status as Buzzword