If the past 12 months saw a dramatic increase in data breach activity, then the year ahead promises to bring an entirely new set of concerns - and a shift in how companies are responding to the cyber threat.
Worldwide oil production is outpacing demand, and oil prices have fallen by more than 50 percent since June 2014. Many factors - including soft demand, increasing U.S. production and diminishing storage for crude oil - suggest that the days of $100-a-barrel oil may not return. This scenario presents potentially disastrous consequences for oil and gas (O&G) firms that are not prepared to accelerate their digital transformation. Innovative oil and gas firms, however, believe today's turbulent market landscape provides an opportunity to grab competitive advantage by harnessing new technologies, such as the Internet of Everything.
Today's supply chains form the arteries and veins that keep global trade alive, connecting a largely borderless, always-on world economy. New innovations offer disruptive possibilities for the future of global trade. It's easy to hypothesize that Star Trek-style teleportation, drones, 3-D printing, and space logistics, will change trading. But the biggest shift to the supply chain will see it digitally connected and becoming part of the Internet of Things.
IBM says it will invest $3bn over the next four years to establish a new Internet of Things (IoT) unit, and that it is building a cloud-based open platform designed to help clients and ecosystem partners build IoT systems.
ABI Research expects IoT-connected wind and solar installations to grow at a CAGR of 21 percent between 2014 and 2020 with the total number of connections growing from the almost 2 million in 2014 to 6.3 million in 2020.
The Internet of Things is already having a massive effect on business, according to a recent report by Verizon, and by 2025 it predicts best-in-class organizations that use IoT extensively will be up to 10 percent more profitable than they are today.
Worldwide public Wi-Fi hotspot deployments reached a total of 5.69 million in 2014, and will grow at a CAGR of 11.2 percent between 2015 and 2020. This includes public Wi-Fi hotspots deployed by mobile and fixed-line carriers as well as third-party Wi-Fi service providers. ABI Research expects the number of worldwide carrier Wi-Fi hotspots will reach 13.3 million in 2020.
When the term "cloud" came into popularity about a decade ago, it was so vague, encompassing so many different types of services. We prefer somewhat more precise terms, such as Software-as-a-Service. However, the term cloud took on a life of its own and everyone and their brother wanted to be known as a cloud solution provider (thus stretching the definition even further).
Analyst Insight: The Internet of Things is really three interrelated phenomena. As a technology phenomenon and as an application phenomenon, IoT has been steadily evolving for several decades. It is the recent surge of IoT as a marketing phenomenon that is driving all the attention and excitement at this time. That attention thereby drives investments, accelerating the development and adoption of IoT technology and its applications. – Bill McBeath, Chief Research Officer, ChainLink Research