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Hyper Connected World: Preparing for the Next Big Thing

Enterprises from various industries are finally beginning to realize the immense potential of Internet of Things (IoT). As this technology concept begins to gain traction in the Indian market, they are also on the lookout for vendors that can help them make the transformation from the traditional model of enterprise business intelligence to predictive analytics based on real-time exchange of data.

Enterprises from various industries are finally beginning to realize the immense potential of Internet of Things (IoT). As this technology concept begins to gain traction in the Indian market, they are also on the lookout for vendors that can help them make the transformation from the traditional model of enterprise business intelligence to predictive analytics based on real-time exchange of data.

With more and more things and devices getting connected, IoT and Machine-to-Machine communications (M2M), will generate humongous amount of data, which the enterprises can exploit to create innovative technology products.

In this evolving world of connected devices, the organizations would need to effectively exchange data, analyze and also be ready to respond to the changing business landscape. Real-time exchange of data is at the core of the concept of IoT. This leads to predictive model of decision-making, which in turn can lead to huge savings of resources, time and efforts for the organization.

Gartner forecasts that 4.9 billion things would be connected by 2015 and this number will further grow to 25 billion by 2020. For the enterprises this means that IoT is fast emerging as a powerful force for business transformation.
Increasing proliferation of smart devices and expansion of mobile technologies implies that hyper connected world is much closer to reality.

The enterprises would need to upgrade their infrastructure to thrive in a world where, everything from your car to home appliances would be able to communicate with each other. Storing and analyzing this data would be an obvious challenge.

However, most of the Indian enterprises are not equipped to leverage the benefits of IoT. They lack the infrastructure and the mindset to thrive in a digital economy.

The journey towards a hyper connected world is not without challenges. Though there is a little doubt about the immense opportunities of a hyper connected world, IoT poses challenges for businesses since large-scale deployment can be complicated and expensive.
The biggest hurdle in the adoption of IoT is the need to secure the company’s data. As the number of connected things increase, there are more entry points for malicious malware and hackers to harm the company’s systems and data. The security concerns are also heightened because IoT is still evolving and standardization is not in place.

“The CIOs need to partner with a company, which not only has the expertise to efficiently take care of their security concerns but can also guide them on the path of faster Return of Investment,” says Manish Sinha, Sr. Manager IT at Amtek Group.

Focus Points For CIOs

CIOs need to start building on IoT now so they are in a position to gain a competitive advantage over their competitors. Before they do so, they would need to resolve some key issues:

Visualize the end result: It is critical that the CIO has a well-defined end result in mind before embarking on the IoT journey. He/she needs to be clear on the problems IoT will resolve for the enterprise. This will further help the enterprise in deciding what products will be connected and what kind of data will be collected to resolve the issue for the organization.
One of the key hurdles in the path of IoT is the security concerns of the CIOs. Advent of any new technology implies that the organizations need to take steps to ensure the security of the company’s data and network. At the same time, this should not stop an enterprise to forgo the gains of deploying this technology.

Associating with the right technology partner: This will ensure that all the security concerns of the organization are taken care of.
Being a new technology, it can be difficult to recruit the right talent pool while deploying IoT.
The hyper connected world also means that the CIO would need to incorporate both wired and mobility in its strategy. Combination of both wired and wireless would be best suited to meet the requirements of IoT world.

Connectivity:  Wireless is crucial when workforce is mobile, but at the same time wired connectivity is perfect for enterprises that require high rate of data transfer.

The success of the project depends on collaborating with a partner, who would enable them to capitalize on new intelligence and opportunities, which would emerge with the deployment of IoT.  “Successful deployment demands that enterprises choose the right partner who perfectly understands the different elements of IoT,” says Pertisth Mankotia, CIO, Sheela Foam.

With the expansion of 3G and 4G networks in the country, IoT is only going to gain traction in the country. The early adopters of this technology will be able to leverage the advantages much before their competitors.

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