Track 3: APIs and the Internet of Things

The Internet of Things (IoT) - New Business Models and the Impact on IT

The predictable routes of information in an enterprise are changing significantly. Much of the physical world is becoming an intelligent information system. The Internet of Things (IoT) is evolving into a collection of physical objects that communicate over standard Internet protocols. These fall into three categories: smart phones and tablets, home devices, and industrial devices (energy grids, healthcare devices, transportation devices, etc.). Connecting, monitoring and controlling these physical devices using the Internet means more real-time data is now gathered, growing beyond big data as we know it today.

This allows enterprises to more deeply understanding the complexity of their extended ecosystem and responding swiftly to important events – be it a challenge or an opportunity. Analysts predict that the total “Value at Stake” of the IoT will grow to $14 - $19 Trillion within the next few years – this is the size of the entire 2013 European economy, or one quarter of global GDP. This has a dramatic effect on security, healthcare, fleet management, mobile banking, real-time risk management, smart city management, usage-based insurance, commodity trading and many others. Most CIOs realize that they need a strategy to harness the IoT and move it out of a niche in the datacenter to become an integral part of Enterprise IT.

This presentation will:

• Define the Internet of Things (IoT)
• Illustrate the differences between the different categories of IoT
• Describe IoT use cases in Finance, Government and Insurance
• Understand the impact to an enterprise IT infrastructure
• Discuss the impact of real-time risk management
• List the challenges of IoT for enterprises