Internet of Things: Understanding the evolving value chain

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The IoT is a transformative convergence of technologies that touch every aspect of digital content, services, and products – from regulation to service provision, components to networks, hardware to software, as well as from consumers to businesses. All participants believe that they have a pivotal role to play in the IoT, but few know precisely what that role will be. Neither do they have any realistic estimation of the size of the market opportunity?
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GE considers the opportunity of extracting value from industrial Internet data so great that it has changed big parts of its business to take advantage of it. At the heart of this transformation are business models more directly aligned with their customers’ business objectives and a new, more


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