According to Cisco, the Internet of Things will generate over $600 Billion in savings and sales in 2013, growing to over $14 Trillion by 2020.
The connection of devices, sensors and other machine end-points to the internet opens up tremendous opportunity for unique, value-add software and service solutions.
How can your software/service business profit from the Internet of Things? Are there new threats or competitors to your business? What does the Internet of Things mean to you?
Read more about Cisco’s vision in the article below.
Some great examples of software startups delivering business value from machine learning, big data & internet of things:
The tech media is all abuzz about the “big data” opportunity. If you manage a software or SaaS company, have you given some thought to how you can benefit from the opportunity?
What are some ways in which software companies can provide additional value to their customers by leveraging big data?
The first question you should ask yourself is: What is the opportunity your customers have from big data?
Second, how can you provide software or services to enable them to realize that opportunity?
These recent articles by Drew Robb at EnterpriseAppsToday.com show a few ways in which software companies are providing “big data” value to their customers: http://www.enterpriseappstoday.com/business-intelligence/5-buzz-worthy-big-data-analytics-apps.html and http://www.enterpriseappstoday.com/business-intelligence/5-more-buzz-worthy-big-data-analytics-apps.html.