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Internet of Things Poses Challenges, Opportunities for Businesses: Gartner

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Internet of Things Poses Challenges, Opportunities for Businesses: Gartner

Major vendors and technology leaders such as Cisco, Microsoft and Oracle are announcing initiatives aimed at tackling the Internet of Things.

The sheer diversity of applications for the Internet of Things--the network of physical objects that contain embedded technology to communicate and interact with their internal states or the external environment--is so broad that it is easy to become overwhelmed and yet find nothing that appears to relate directly to one's existing business, according to a report from IT research firm Gartner.

As the Internet plays an increasingly central role in the modern world, not only at the level of infrastructure, but also in culture, society and business, the Internet of Things is extending that role to encompass an increasingly diverse range of devices and communications streams, and extends these systems into significant new areas but also raises some confusion over the potential similarities.

"By understanding the various classes of devices that will likely populate the Internet of Things, the CIO will be well-placed to spot additional opportunities or see similarities that business colleagues may overlook," Stephen Prentice, vice president and Gartner Fellow, said in a statement.

"By ignoring the details of each application and looking instead at the underlying characteristics of the different device types and how they can populate an Internet of Things infrastructure, the CIO or IT leader can bring clarity and insight to what appears to be a very confused set of possibilities. By simply classifying device types and functionalities, IT leaders make market segmentation and the identification of new business opportunities much simpler."

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