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As the Internet of Things rolls out over the next decade trillions of dollars are at stake. On the flip side, the IIoT is about networks and sensors and data it is very much about money. That’s huge. Accenture is more a global management consulting, technology solutions and outsourcing company. Combining comprehensive capabilities across company purposes and all industries expertise, and research on the world’s most prosperous businesses, Accenture collaborates with customers to help them become high performance businesses and governments. Internet of Things, that enables business models and new solutions based on machines and devices, is likely to increase growth in mature markets. 

Discover more on how Accenture can help hasten the journey to growth and productivity new report titled, Winning with the Internet of Things. The IIoT is also about measuring almost everything worth measuring in a company. That is the path to controlling your stresses processes and individuals more efficiently. According to a latest estimate by that the World Bank, that the gross world product stood at $75.62tr therefore the IIoT could bring substantial gains and prosperity to many. It’s not going to occur without effort and it is not going to happen whatsoever businesses or in all countries. Understand this it threatens a good deal of stakeholders and in itself raises impediments exactly since the IIoT is tumultuous. 

On many levels, there have been numerous improvements which have eased that the way for that the IIoT’s deployment, said Paul Daugherty, chief technology officer at global management consulting firm Accenture. Daugherty explained that detectors are smarter and cheaper, Networks are almost everywhere, meaning the data collected by detectors can be economically transmitted, Cloud computing structure has made inexpensive data storage potential, and information science keeps getting better, which suggests the essential findings from the data may be obtained faster and more reliably. That, said Daugherty, set that the stage for todays that the IIoT revolution. Leading companies are trendy deep into the IIoT and are starting to enjoy the advantages. 

However the vast preponderance of businesses are doing little, and that needs to change. Stern words of advice from several experts are: get an adoption plan set up and begin moving ahead on the IIoT now. This race won’t be won by the laggards. From several experts are: get an adoption plan within place and start moving forward on that the IIoT now. This race won’t be won by the laggards. Research from Accenture underlines that the lack of preparation of most companies. Only 7% told Accenture they’d developed a strategic plan which was funded. Which means 93% don’t have a plan, or if they do, they’ve not invest in it, thus no progress has been made. 

For businesses that want to remain competitive, they need to adopt the IIoT sooner as opposed to later. Taking initiative – The hard part is more deciding where to start. Many experts suggest addressing an area where data is easily accessible and potential benefits are self evident. For example, some experts point to refrigeration cases within supermarkets as a case within point.