We’ve all heard the statistic: IDC says that by 2020, there will be 200 billion devices connected to the internet, bringing new significance to the Internet of Things (IoT).
IoT is a combination of sensors, networking, and analytics that can be combined to create greater production efficiency, better quality of life, and a higher level of automation.
The real opportunities for IoT’s benefits lie in the business marketplace and the public sector.
To date, managed service providers (MSPs) have not been impacted much by IoT, as most of their existing business continues to originate from traditional markets.
However, when the predicted IoT boom materialises, the MSPs that make the time now to understand IoT will be in a strong position to capitalise on the next major trend in IT in the next decade.
The IoT is coming – fast.
Its value may not be immediately apparent to management.
Within the next year, IoT could represent a significant volume of new potential business – and those who ignore it could soon find themselves at a competitive disadvantage.
MSPs should find a customer or two with IoT-related needs to gain familiarity with this emerging market while maintaining and expanding current revenue streams.
IoT represents a huge potential market for MSPs - but it isn’t an immediate market.
The shortsighted view would be to ignore it due to the expectation of a poor immediate return on investment (ROI).