Data Sharing and Analytics Drive Success with IoT

What to Expect From IoT

Many managers art trying to figure out how the emerging internet of thing (IoT) will generate value for their organizations.  To understand the challenges and opportunities, MIT Sloan Management Review, with sponsorship support from Teradata Corp. conducted a survey of 1480 executives managers, and IT professionals and published a report about the findings.

Among the report's main conclusions:

·        The IoT is not just about connecting things.  it is also about connecting the                     organization with it customers suppliers and competitors.

·        Creating business value from the IoT is strongly associated with sharing data with         other organizations

·        Companies with strong analytics capabilities are more likely to get value from IoT        than those with weaker analytics capabilities.

·        General Managers seem to underappreciated potential security issues that    

     accompany device network growth.

The complete report can be found at 

http://sloanreview.mit.edu/projects/data-sharing-and-analytics-drive-success-with-internet-of-things/

Source | http://sloanreview.mit.edu/projects/data-sharing-and-analytics-drive-success-with-internet-of-things/

Regards!

Librarian

Rizvi Institute of Management Studies & Research