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Internet of Things

Data shared by the Internet of Things (IoT) offers a powerful opportunity for businesses to design new customer offerings, deliver enhanced efficiencies, and provide unprecedented insight into how to deliver value to their customers. BCG's IoT consultants help organizations unlock new revenue streams, efficiencies, and possibilities.

IoT leaders understand that, at its core, IoT is a fundamental component—and enabler—of digital transformation.

Winning with IoT means connecting more than just devices. It means linking your strategy with your digital journey; employing the right emerging technologies, such as artificial intelligence (AI), augmented reality (AR), and blockchain; collaborating with the right partners and digital ecosystems; and establishing new processes and ways of working.

It’s a tall order for companies, but by understanding the new IoT trends—such as better economics, edge computing, AI and AR, blockchain, and improved connectivity—and how best to leverage them, organizations of all types—businesses, governments, and nonprofits alike—will find that the possibilities for innovation and value are virtually boundless.

Unleashing the Data Economy - collection of publications

Unleashing the Data Economy

Advanced capabilities, emerging technologies, and new organizational models are required—but the value upside is tremendous.

Our Approach to IoT Adoption

To harness these trends—and create an IoT strategy that fuels true digital transformation—our IoT consulting team helps organizations consider a number of crucial questions:

  • Where do we build, and where do we buy, across IoT’s six-layer stack of devices, backbone, applications and analysis, security, communications, and services?
  • How do we identify the right partners and digital ecosystems—because few companies will be able to do everything alone—for filling in gaps in our technical and business capabilities?
  • How do we adopt—and facilitate—new ways of working to establish cross-functional alignment and accountability?
  • How do we reengineer core business processes to capture the full value of IoT?
  • How do we develop or acquire the necessary talent, especially in such areas as analytics, AI, and software engineering?
  • How do we create a scalable technical infrastructure that ensures the fast deployment of new use cases?

BCG’s IoT consultants help organizations zero in on the answers—to unlock new revenue streams, efficiencies, and possibilities—using our IoT consulting approach that integrates strategy, technology, and human components to drive the best outcomes.

Meet Our IoT Consultants and Experts

We Drive IoT Adoption Across All Industries

Our IoT consultants help leaders across all industries combine IoT with other emerging technologies to launch innovative solutions and spark digital growth.

Industrial Goods

Insurance

Oil and Gas

Technology, Media, and Telecommunications

Retail

Power and Utilities

Public Sector

Learn More About the Internet of Things

Shell's MachineMax Revolutionizes Equipment Management with Telematics

Shell and BCG Digital Ventures have worked together on many occasions to reimagine the future of business. This time, they sought to address an important challenge for the mining and construction industries: how to maximize the productivity of equipment.

The Future of IoT

The innovation and value IoT delivers are virtually boundless, but companies need an integrated ecosystem of capabilities and stakeholders to harness its full potential.

The IOT and Blockchain Invasion

Zia Yusuf talks about IoT and Blockchain technology: how they differ and where they intersect.

The Battle at Computing’s Edge

Compared with cloud computing, competing at the edge requires a more complex set of skills and capabilities. So today’s winners may not be tomorrow’s.

 
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