REPORTS
The Right Way to Lead  in the Cloud

Download

Here Comes the Internet of Things

The Right Way to Lead  in the Cloud

If you liked the early days of cloud computing, you're going to love the Internet of things (IoT) and its less-sexy cousin, machine-to-machine communications. Certainly, you'll be in elite company. Cisco is dedicating an entirely new business unit to the fledgling effort. AT&T has built two shiny new facilities dedicated to developing things like smart luggage that can locate your bags in the airport so you don't lose them. Verizon has a program aimed at transportation. Broadcom, Oracle, Samsung -- all are in the hunt. Intel says IoT technology will enable 3.8 billion more connected "things" by 2015. At an average cost of $100 per item, we're talking $380 billion (about the GDP of Austria) in just two years.

IoT fever isn't limited to IT vendors. General Electric, the 121-year-old multinational conglomerate not exactly associated with the build-your-own-market-bubble crowd, says its IoT offerings, under the rubric "Industrial Internet," will deliver at least a 1% improvement in efficiency to customers by way of sensor-enabled industrial equipment. Total value of that 1%? To start, $66 billion for its energy customers, $30 billion for aviation and $63 billion for healthcare.

Download