IoT
From Proprietary Solutions to IoT Platforms
IoT target is to improve the efficiency and in parallel also to create new business. There are countless possibilities to leverage IoT to create new, revenue-earning products and services while also increasing efficiencies and cutting costs of the organizations. With few expeptions all companies are implementing already or planning to launch IoT implementation projects in near future. Billions of devices are already connected to internet and the number is increasing rapidly and it is estimated that IoT business is growing in the CAGR (Compound Annual Growth Rate) rates 25% to 30 % in the near future. In this white paper we summarize our learnings about IoT and introduce easy steps to utilize IoT platform development in the projects.
Juha Tervo
Head of IoT at Symbio
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