How companies benefit from the internet of things in 3 charts

HERE’S HOW COMPANIES BENEFIT FROM THE INTERNET OF THINGS in THREE charts... The Internet of Things will bring... But it’s not just consumers who will benefit from the Internet of Things

HERE’S HOW COMPANIES BENEFIT FROM THE INTERNET OF THINGS

in THREE charts

The Internet of Things will bring

We can connect our cars, homes, wearable devices, etc to the

and track data better

But it’s not just consumers who will benefit from the Internet of Things (IoT).

There’s a lot at stake for

A survey by Accenture shows that top-level executives and CEO’s

benefits for businesses

(in percentage of executives surveyed)

These benefits are more than just

a future expectation

Employee productivity is already increasing thanks to the Internet

of Things

Microsoft’s IoT solutions have

helped a stone-cutting business boost productivity by 33%, and

And helped a Jeep factory crank out a new truck body every 77

“Productivity is the lifeblood of the

Internet of Things (IoT) Our decades-long goal: above all, to create the services, technologies and tools that transform

enterprise productivity.”

- Barb Edson,

Microsoft

But the IoT brings much more

Utilizing company assets (asset optimization) is also a big part of the Internet of Things

While “asset optimization” is kind

of a boring term, lots of industries are learning its true value

Because implementing simple

technologies like sensors can make companies much more

efficient

Source: PricewaterhouseCoopers.

for Their Businesses

For example, Verizon placed hundreds of wireless sensors across 24 of its data centers.

The result has been an electricity

gases each year

And Intel added predictive

maintenance technology to its

own factory in Malaysia, and

a result

But that’s not all.

All of that asset management leads

General Electric uses its Industrial Internet (part of the IoT) software,

management

The company believes a 1%

increase in Industrial Internet efficiency will equal billions of dollars in saving for companies

Rail Aviation Healthcare Power Oil & Gas 0

10 20 30 40 50 60 70 80 90 100

Savings from Industrial Internet Efficiencies(in billions of dollars)

Source: GE.

GE says the savings comes from

longer lasting, safer, and better performing

And Cisco agrees The company says one of the key drivers of IoT value is cost reductions

Cisco estimates that $19 trillion will be created from IoT profits

decade

Unfortunately, 73% of companies haven’t made any substantial

investment in the Internet of

Things

Once companies realize the IoT is more than just connected homes

the real benefits will begin

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