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How to Effectively Manage the Internet of Things

  • How to Effectively Manage the Internet of Things-

    Data integration

    To take advantage of this new generation of connectivity and data, organizations need a new architecture that can seamlessly integrate data from operational technology (OT) systems with their backend informational (IT) counterparts. 

    There are few market opportunities that can be measured in trillions of transactions, but service-enabling the Internet of Things is one of them. Not only is the Internet of Services bigger than the sum of all the connected devices in the world, it’s more valuable financially to enterprises, developers, hardware vendors and ultimately to the consumers of all things connected.

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How to Effectively Manage the Internet of Things

  • 1 | 2 | 3 | 4 | 5 | 6 | 7
  • How to Effectively Manage the Internet of Things-6

    Data integration

    To take advantage of this new generation of connectivity and data, organizations need a new architecture that can seamlessly integrate data from operational technology (OT) systems with their backend informational (IT) counterparts. 

    There are few market opportunities that can be measured in trillions of transactions, but service-enabling the Internet of Things is one of them. Not only is the Internet of Services bigger than the sum of all the connected devices in the world, it’s more valuable financially to enterprises, developers, hardware vendors and ultimately to the consumers of all things connected.

According to Gartner, Internet of Things vendors will top $309 billion in direct revenue by 2020, with most of that money stemming from services.

While there are significant opportunities for the Internet of Things in the enterprise, challenges arise when translating data to legacy infrastructure technologies now being connected to the Internet. For the first time, vendors that supply equipment to the enterprise, including but not limited to smoke detectors, ATMs, trucks, and health care machines, are taking these devices online.   

According to MachineShop, by service-enabling data sources, including devices and systems, organizations can create connected business solutions from any combination of the billions of things, applications and services in the global ecosystem of the Internet of Things. 

This Internet of Services™ approach opens up a new, simpler and more extensible way in which connected devices, systems, applications and their data can be exposed and managed to create and monetize new business opportunities.

MachineShop is focused on the unique challenge of helping enterprises more simply engage with the connected world – particularly around systems and operational technology. MachineShop Services Exchange offers developers and organizations a simple way to interact with the hundreds and thousands of discrete APIs and services that allow them to build, integrate and manage the Internet of Services, including tools, reports, analytics and controls. MachineShop is a member of the Industrial Internet Consortium