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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