IoT potential
The IoT is already affecting every segment in industrial, enterprise, health, and consumer products. It is important to understand the impact, as well as why these disparate industries will be forced to change in the ways they build products and provide services. Perhaps your role as an architect forces you to focus on one particular segment; however, it is helpful to understand the overlap with other use cases.
As previously mentioned, there is an opinion that the impact of IoT-related industries, services, and trade will affect 3 percent (The route to a trillion devices, ARM Ltd 2017) to 4 percent (The Internet of Things: Mapping Value Beyond the Hype, McKinsey and Company 2015) of global GDP by 2020 (extrapolated). Global GDP for 2016 was $75.64 trillion dollars, with an estimate that by 2020 it will rise to $81.5 trillion. That provides a range of value from IoT solutions of $2.4 trillion to about $4.9 trillion.
The scale of connected objects is unprecedented...