Organizations will need to ensure they are well positioned to manage the very broad impact IoT will have on business strategy, risk management, as well as a wide range of technical areas.
IoT Analytics
IoT business models will exploit the information collected by "things" in many ways — for example, to understand customer behavior, to deliver services, to improve products, and to identify and intercept business moments. However, IoT demands new analytic approaches. New analytic tools and algorithms are needed now, but as data volumes increase through 2021, the needs of the IoT may diverge further from traditional analytics.