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Internet of Things: From Megatrend to Commodity

May 10, 2018

Every year, Hannover Messe, the world’s largest industrial trade show, brings together more than 5,000 exhibitors from every corner of the globe. The many conversations I had in Hannover this year with customers, partners, media, and government representatives made clear that the Internet of Things (IoT) has become an integral part of every digitalization strategy.

Building on Technology

In its evolution from megatrend to established approach toward realizing digital strategies and the ideas of Industrie 4.0 in a diverse range of use cases, the Internet of Things has grown to encompass various technologies. From sensors to the executive dashboard, many complex technologies, such as protocols, gateways, big data, databases, and smart applications with predictive capabilities, are involved to turn bits and bytes into added business value.

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