Connectivity: The IoT

A new business imperative

The Internet of Things (IoT) is a network to which people, data, devices and more can be added, allowing new forms of engagement, additional services and new ways of generating and analysing data. With IoT data growing twice as fast as social and computer-generated data¹, it is fast becoming a key driver of future business. A few years back every business was said to be in the process of becoming a tech company and digital business; arguably, we are now on the way to every industry becoming an IoT industry².

4,756 IoT connections are made every minute³ and by 2025, the average connected person, anywhere in the world, is forecast to interact with connected devices every 18 seconds⁴. With IoT generated data growing so rapidly, it's remarkable that 46 percent of companies report a shortage of staff with the skills to support their IoT plans⁵.