Internet of Things to gain momentum from 2015 due to SMEs: Verizon

Wireless communications service company Verizon Enterprise Solutions has said the Internet of Things (IoT) was bound to gain momentum in 2015 as small and medium businesses will take to services through devices and gadgets that are connected to the Web.

verizonenterprisetrendSome large organisations that were not early adopters too would come on board. Verizon said in a release that strategic network investments would be a “major focus point for savvy CIOs” in 2015, as companies seek to make sense of Big Data, transition to the Cloud and monetize the IoT. According to Verizon Enterprise Solutions‘ list of top enterprise technology trends for 2015, in the coming year, enterprise organisations will also adopt technologies that drive business innovation and provide a strong platform for future growth.

Here are the key trends Verizon believes will drive change for enterprises and government in 2015:

Network Reliability, Innovation is Key to Business Success: Enterprises will concentrate on strategic network and IT investments in 2015, as the communications network is recognized as the foundation for successful business growth. The growing demands of data, Cloud, video and mobile solutions require enterprise networks to become more agile and scalable, without compromising performance. CIOs must ensure their networks are capable of distributing increasing workloads among multiple data centers as applications move to the Cloud.

Internet of Things Adoption Gains Momentum Downstream: In 2015, adoption of technologies and services related to IoT will rise, particularly within the small and medium business markets, and larger organisations that were not early adopters. Industry consolidation is a key driver for wider IoT adoption, especially as market participants — via strategic alliances — work to define standards across the value chain. Also, enhanced tools in Cloud computing, Big Data and analytics — combined with more rigor on IoT cybersecurity — will begin to decrease Machine-to-Machine complexity. These developments will drive user confidence and lead to new business models, better outcomes (e.g., enhanced customer experience) and ROI that is more clearly defined and understood.

Predictive Analytics Will Make Sense of Big Data: Data — the ability to gather it, manage it and make sense of it — will enhance business performance and impact how we act and live. Harnessing big data for unprecedented insights into how products and services are being received and how assets are being used will be a key priority for the C-suite in 2015. Companies that integrate advanced and predictive analytics programs into their connected infrastructure will be best positioned to improve operational efficiencies, identify new revenue streams and better serve their customers in the data economy.

Image Credit: Verizon Enterprise

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