Internet of Things may revolutionize business processes by 2020: Gartner
| January 15, 2016
In view of the impact of Internet of Things (IoT) on consumers’ lives and corporate business houses, world’s leading information technology research company Gartner expects IoT to be incorporated by more than half of major new business processes by 2020.
"This is possible due to the cost of 'instrumenting' physical things with sensors and connecting them to other things - devices, systems and people - continues to drop,” Gartner said its recent report.
Any device which can be connected to the internet with an on and off button is an example of IoT, such as smartphones, headphones, coffee makers, air-conditioner, television, washing machines etc.
“The IoT is relevant in virtually every industry, although not in every application. There will be no purely ‘IoT applications’. Rather, there will be many applications that leverage the IoT in some small or large aspect of their work,” said W. Roy Schulte, vice president and distinguished analyst at Gartner, in a statement.