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 helps 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
Advanced capabilities, emerging technologies, and new organizational models are required—but the value upside is tremendous.
To harness these trends—and create an IoT strategy that fuels true digital transformation—organizations need to consider a number of crucial questions:
BCG’s IoT consultants help organizations zero in on the answers—to unlock new revenue streams, efficiencies, and possibilities— using our approach that integrates strategy, technology, and human components to drive the best outcomes.
Our IoT consultants help leaders across all industries combine IoT with other emerging technologies to launch innovative solutions and spark digital growth.
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.
The value of IoT data is hidden in plain sight. Using AR realizes its potential, as our app demonstrates. It’s critical that companies develop a joint IoT-AR strategy.
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 innovation and value IoT delivers are virtually boundless, but companies need an integrated ecosystem of capabilities and stakeholders to harness its full potential.
Zia Yusuf talks about IoT and Blockchain technology: how they differ and where they intersect.
Cohosted by the Boston Consulting Group and Silicon Foundry at the BCG Silicon Valley Office and Digital Center.
