It’s Time for a New IoT Strategy to Drive New Business Opportunities

IoT technology and markets continue to evolve rapidly. Firstly, technology innovation continues at a high rate in areas such as endpoints and sensors, wireless networks such as 5G, edge architectures and AI. Secondly, the IoT market remains complex and fragmented with more verticalization and many vendors seeking new roles and offerings. Commercial opportunities involving monetising data are challenged by weak semantic standards and ownership issues. Thirdly, risks such as cybersecurity will increase, and IoT is becoming subject to more regulations, guidelines, and certifications.

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