The big picture: Is IoT in the enterprise about making money or saving money?

The big picture: Is IoT in the enterprise about making money or saving money?

Everyone knows the Internet of Things (IoT) is a transformative technology for consumers, vendors, and enterprises that’s in the process of becoming a historically huge market—measured in trillions, not billions, of dollars. That’s great, and most likely true, but perhaps a little vague in some respects. For example: What, exactly, do enterprises hope to gain from their investments in the IoT? Are they planning to use the IoT to save money on things they’re already doing, or do they see the technology as a way to create new businesses and boost revenue?

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