The govts will have to rethink and realign their policies to ensure they are in sync with the rapidly changing environment. They need to think about the security aspects of the IOT even if they don't have plans as of now to link everything to internet.
The total potential impact of IoT could be in the range of $3.9 trillion-11.1 trillion per year in 2025, and here's how it would impact at an organization level.
Have you ever wished you were better informed? Managing entertainment and home appliances by voice commands or by swapping the finger is a reality now.
From healthcare applications to facilitating daily chores, the Internet of Things has immense potential to transform our lives - at the individual, community and city-wide levels.
Social media giants and FinTech companies have the best of the algorithms to do predictive modelling to offer the consumers what they could be looking to buy.
If banks are not quick in acquiring or partnering with FinTech companies, they should be fast enough to incubate their own FinTech start-up capabilities.
Just a few years ago, no bank CEO would have thought that a small watch could disrupt banking. Today, you can wear your bank around your wrist!
Just a couple of years ago, few would have thought banking giants could be threatened by lesser-known, small companies.
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