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The Internet of Things Ecosystem

Unlocking the business value of connected devices

Read about strategies ‒ for both enterprise adopters and Internet of Things (IoT) providers ‒ to unlock the business value of connected devices.

IoT has the potential to offer business value that goes beyond operational cost savings. Providers in the IoT ecosystem have a largely unexplored opportunity to develop compelling IoT solutions that explore how the ability to collect and analyze disparate data, in real-time and across time, might transform the business. These developments will play out within and across enterprises, offering opportunities for sustained value creation and even disruption for those who can imagine possibilities beyond the incremental.

Throughout this paper, we offer strategies — to both enterprise adopters and IoT providers — to unlock the business value of connected devices. For providers, we offer six actionable strategies to create solutions that improve enterprise adopters' business performance, not just in the short term but sustained over time. For enterprise executives, we offer a framework to think about where business value resides and where opportunities might exist for IoT solutions. Learn how IoT solutions can improve enterprise adopters' fundamental business values, not just savings and risk management, but revenue growth and innovation.

Read additional insights from Deloitte:

  • CIO Journal: Practical applications for connected devices
  • CIO Journal: Unlocking the business value of connected devices
  • CFO Journal: Internet of things: Unlocking the business value of connected devices

Listen to what our leaders and executives have to say about the future of IoT.

An all-terrain truck with the symbol of a wellknown aid organization on the side bumps off a mountain road and through a rutted crossing in Africa. It is one of two dozen vehicles to use this route, typically deserted, in the past few hours. Eventually, it turns onto a main highway and is soon whizzing along having bypassed a washed-out bridge and hours of snarled traffic. The truck and the vehicles it follows are part of a digital caravan, some connected to an international aid organization, others not linked in any real way except for the fact that sensors in each vehicle are sending data about road and traffic conditions back to the cloud to be accessed by onboard computers and translated into driver displays in other vehicles. 

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