More than a billion intelligent, connected devices already comprise today’s “Internet of Things (IoT).”
The expected proliferation of hundreds of billions more places us at the threshold of a transformation sweeping across the electronics industry and many others. Yet, the dream of a smart, safe and efficient future is threatened by subscription fees, ubiquitous advertising and intrusive surveillance. For the IoT to survive the end of trust and successfully scale from billions to hundreds of billions of devices, executives need to rethink the technology strategy, business models and design principles at its foundation.
This first report of our study shows that a low-cost, private-by-design “democracy of devices” will emerge that will enable new digital economies and create new value, while offering consumers and enterprises fundamentally better products and user experiences.
About the author
Global Electronics Industry Lead,
IBM Institute for Business Value
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