5 things you should know about the internet of things (iot)

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©2015 Aria Systems Inc. All rights reserved. Things You Should Know About the Internet of Things (IoT)

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Page 1: 5 Things You Should Know About the Internet of Things (IoT)

©2015 Aria Systems Inc. All rights reserved.

Things You Should Know About the Internet of Things (IoT)

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Page 2: 5 Things You Should Know About the Internet of Things (IoT)

2©2015 Aria Systems Inc. All rights reserved.

Perhaps you’re looking forward to all the cool, new IoT devices in the works – self-driving cars, virtual visits to the doctor’s office, smart homes, etc.

The IoT is a vast world, and how it affects the present and will change the future goes far beyond the wearable on your wrist or the smart fridge in your home.

Here are five things that you should know about the IoT.

THE IoT OPPORTUNITY

33% of businesses worldwide have already deployed IoT (Strategy Analytics, 2015)

Page 3: 5 Things You Should Know About the Internet of Things (IoT)

3©2015 Aria Systems Inc. All rights reserved.

When combined with big data, the IoT market is projected to hit $14.4 trillion in annual sales by 2020. By itself, the IoT market is estimated at $8.9 trillion.

BIG DATA ACCELERATES THE IoT OPPORTUNITY

$14.4 Trillionin annual sales by 2020(IDC, 2015)

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Eileen Bernardo
I think the graphic should better show that it deals with sales. Perhaps include the $14.4T somewhere in the image?
Page 4: 5 Things You Should Know About the Internet of Things (IoT)

4©2015 Aria Systems Inc. All rights reserved.

The IoT is projected to reach 50B connected devices by 2020, but the real money will come from the services that connect devices.

DEVICES WILL BE BIG BUT IoT IS BIGGER THAN THAT

50Billion connected devices by 2020 (Cisco, 2015)

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Eileen Bernardo
Image should have other things in the bubbles besides just laptop, tablet, and phone. We can add a car, refrigerator, wind turbines, lights, etc.
Page 5: 5 Things You Should Know About the Internet of Things (IoT)

5©2015 Aria Systems Inc. All rights reserved.

Analyzing IoT data helps businesses expand their offerings to give customers more personalized offers and new ways to consume products and services.

DATA WILL GROW CUSTOMER LIFETIME VALUE

60%of consumers want real-

time promotions and offers

(Accenture, 2015)

nearly

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Page 6: 5 Things You Should Know About the Internet of Things (IoT)

6©2015 Aria Systems Inc. All rights reserved.

Managing security is a priority for IoT companies. 70% of the most commonly used IoT devices have serious security vulnerabilities.

MANAGING SECURITY IS A MAJOR IoT PRIORITY

70%of popular IoT devices have security vulnerabilities(Accenture, 2015)

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Page 7: 5 Things You Should Know About the Internet of Things (IoT)

7©2015 Aria Systems Inc. All rights reserved.

Billing systems today must be more flexible and nimble in order to match the new versatile monetization options required by IoT products and services.

RECURRING REVENUE BUSINESS MODELS ARE INCREASINGLY POPULAR

50%of US businesses have

adopted or are considering a recurring revenue model

(Incyte, 2014)

nearly

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Page 8: 5 Things You Should Know About the Internet of Things (IoT)

8©2015 Aria Systems Inc. All rights reserved.

The Internet of Things is rapidly expanding into products and services for consumers and businesses.

But in order to successfully monetize the IoT, it’s the services derived from the IoT data, not the devices, that will bring long-term recurring revenue streams.

For more on maximizing the value of your IoT efforts, visit www.ariasystems.com.

MAXIMIZING THE MONETIZATION OF THINGS

”“IoT is the most

data-centric phenomenon

of all time.Brendan O’Brien, Co-founder, Aria Systems