| |September 20179CIOReviewhave already begun adopting "Digital" technologies to improve business processes, customer service, and operational readiness. The IoT(Internet of Things) ­ IoT is no longer an envi-sioned technology, it's here and every organization is lev-eraging this technology. IoT is not bound by geographical regions or industry, it is and will be adopted by all and sundry. According to Infoholic Research, there will be 27 Billion connected devices worldwide and IoT indus-try will account for USD 300 Billion by 2020. Amidst this, India will account for roughly 5-10 percent of total projected revenue.It enables remote monitoring for millions of patients, analyze trends to create delightful shopping experiences, or save jillions by pro-actively managing critical ma-chinery ­ this animal is called Internet of Things (IoT)! IoT has already caught on in everyday use. Many people outside of the business and technology worlds generally know what it is and how it can improve their lives. It has offered consumers a whole host of innovative solutions to make their living easy and comfortable.The potential for IoT is huge but many businesses are still grappling with how it can benefit their organizations and how exactly to get started. Canonical recently sur-veyed over 360 IoT professionals to examine their current and future challenges plus opportunities that exist for or-ganizations looking to become IoT ready. · 53 percent believe that quantifying ROI and provid-ing a clear use case is their most immediate challenge in adopting IoT · 68 percent of professionals are struggling to hire em-ployees with IoT skills · 57 percent believe the security of IoT devices should be a joint responsibility Here are some of the fascinating possibilities that IoT can drive Business Transformation ­· Create delightful customer experiences - · Innovate and generate new revenue streams· Better safety and security· Optimize your business and do more with less· Reduce time, costs and faster decision making· Proactive management/Improved operational efficienciesAs IoT hits the mainstream, it will continue to grow, connecting more of the world. According to Gartner, by 2020, 30 billion mobile phones, tablets, computers, wear-able technology devices and other types of connected de-vices are likely to be in use. It is said that "Going digital is not an option, not an add-on and not an afterthought, it is the new reality that requires a comprehensive digital leadership, that's why Enterprises have started appointing Chief Digital Officer ­ CDO to look after their Digital Business". Mobility - 3Cs i.e Collaboration, connectivity and communication are the need of the hour for the or-ganizations. With increasing digitization in everybody's lives and the business world, it is a constant endeavor to improve employee interactivity and create seamless ex-Damodar SahuMobility is redefining the rules of user experience with anytime, anywhere and is a necessity for future-ready, borderless global enterprise
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