Internet of Things (IoT) is not a new solution nor a trendy buzzword. In fact, IoT has been around for decades. From oil and gas pipelines to manufacturing lines to hydroelectric dams, we have billions of sensors around the world generating petabytes of data.
But most of the data available to us through IoT is not collected, and even less is analyzed and monetized to make timely business decisions. This is like constructing a luxurious ski resort but not building any roads to get people there. What was the point of building the ski resort in the first place if we cannot monetize the investment?