SOFTWARE AG
Building the Business Case for IoT in Retail. With Nikki Baird of RSR and Oliver Guy of SoftwareAG.
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Sirius
The Internet of Things (IoT) entered our technology vocabulary in the late ’90s. Fast-forward to the present and it’s now a smart device-driven world where information and access are expected on demand. By 2020, Gartner expects there to be four Internet-connected devices for every human on the planet, and more than 65% of businesses will have adopted IoT products.
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Internet of Things (IoT) devices are present in our every day lives but we see them as black boxes and seldom know the underlying technologies. In our businesses, IoT product appeared in the last few years and most of companies are not familiar with it. But it is vital to have some basic understanding of the technologies to discuss internally and externally why a product is better than another, what the pricing should be, how it should be marketed, which regulation apply and if your product is likely or not to pass the test evaluation.
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As businesses move from largely home-based working to a hybrid model, it raises challenges such as how to leverage the benefits and successes of home working and apply them in a hybrid work environment. Technology considerations include rising technology costs, telephony requirements and how to adopt effective and productive working practices. As a result, there has been a surge in businesses reviewing their communication technology to adapt to this changing landscape.
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