--- title: The Internet of Things, the Biggest Opportunity description: How emerging technologies will impact the deployment of future IoT applications? image: https://blog.prophetic-technology.com/hubfs/rawpixel-268378-unsplash.jpg --- [hello@psdtohubspot.com](mailTo:hello@psdtohubspot.com) [+91 8874569874](tel:+91%208874569874) Hours : Opens 10:00 AM To 07:00 PM [![logoHD](https://blog.prophetic-technology.com/hs-fs/hubfs/logoHD.jpg?width=2500&name=logoHD.jpg "logoHD")](https://www.prophetic-technology.com/) - [Home](https://www.prophetic-technology.com/home) - [Subscribe](https://www.prophetic-technology.com/pt-blog-subscribe-opt-in-consent?hsCtaTracking=174cc371-9cdc-4b94-a32e-9007f0ac4dea%7C0776642c-2604-4695-8e3f-f7a74f10031a) - [Contact Us](https://www.prophetic-technology.com/contact-us-old) - [technology](https://blog.prophetic-technology.com/topic/technology) - [internet of things](https://blog.prophetic-technology.com/topic/internet-of-things) # [The Internet of Things, the Biggest Opportunity](https://blog.prophetic-technology.com/the-internet-of-things-the-biggest-opportunity) Research firm Gartner predicts there will be nearly 20 billion devices on the Internet of Things (Io... [Read More →](https://blog.prophetic-technology.com/the-internet-of-things-the-biggest-opportunity) - [supply chain (286)](https://blog.prophetic-technology.com/topic/supply-chain) - [technology (138)](https://blog.prophetic-technology.com/topic/technology) - [logistics (81)](https://blog.prophetic-technology.com/topic/logistics) - [procurement (69)](https://blog.prophetic-technology.com/topic/procurement) - [optimisation (65)](https://blog.prophetic-technology.com/topic/optimisation) Posted by [Dave Food](https://blog.prophetic-technology.com/author/dave-food) on Dec 26, 2018 8:10:23 PM ![Dave Food](https://app.hubspot.com/settings/avatar/9fa060d35f0f962fafafe972c24035ae) Find me on: [Facebook](https://www.facebook.com/davefood) [LinkedIn](https://www.linkedin.com/in/davefood) [Twitter](https://www.twitter.com/davefood) Research firm Gartner predicts there will be nearly 20 billion devices on the Internet of Things (**IoT**) by 2020, and **IoT** product and service suppliers will generate $300 billion in revenue. By all means, the **IoT** of today offers the *most significant change in our lives* since the emerge of the Internet era, and perhaps it will become superior. The **IoT** is a successful leveraging opportunity — handing over sensors, connectivity, Cloud storage, processing, Analytics, and Machine Learning to renovate multinational models and processes. Some benefits when deploying the IoT tools: - One of the great **IoT** benefits is the *kind of visibility it brings* to the global Supply Chain granting sellers and buyers to track their containers, boxes, and individual high-value articles as well, at the same time they move around the world. - Safeguarding that items *do not get spoilt* throughout shipping, *avoiding the forgery* of products, and *enhancing delivery times*, are some of the multiple advantages **Io**T represents for any Supply Chain. For example, when you call for an Uber, various actions *take place simultaneously*: the app *displays you a picture* of the driver, gives you the *full features of the car*, and *add in a map* so you can see where your ride is. Besides that, you can *be in touch directly with the driver*, in case he needs extra information to locate you. The *volume of data generated* by billions of sensor and devices has its *consequences*. **IoT** data are processed in the *Cloud* and sent through computing devices across the *Internet*, most of the time located in *faraway data centres*. The result of this generated amount of data is a chain of *severe bottlenecks* causing the *decelerating* of network bandwidth and communication speed. The **IoT** success depends upon the *comprehension of your industry*, including your *customer*, your *partners*, *policies*, evaluating the *opportunities and risks*, considering chances, sustainability of your *processes*, each one *responsibilit*y, *deadlines*, *deliveries*, attacking in the right place. Conducting a team to a *successful* *outcome* on a complex project requires the understanding of each one of the steps to follow, and *deliverables*, necessary *resources*, and *roles*, and every inherent risk and dependency. Critical phases of building a successful **IoT** strategy, which can be taken concurrently or approached in many different ways: - Develop and articulate your *strategic scenarios.* - Classify and survey current **IoT** computing devices and platforms. - Evaluate *enabling technologies.* - You must narrow and prioritise your options. - Understand your market, evaluating the opportunities and risks. Summing up: How emerging technologies will impact the deployment of future **IoT** applications? By understanding how so many apps and connection slow down the use of the **IoT** and evaluating the response delay in different deployment scenarios, we will be able to realise that **IoT** applications are necessary to facilitate our businesses processes and cope with our modern and complex Supply Chain of today. Dave Food   [Prophetic Technology](https://www.prophetic-technology.com/about-us)   **Subscribe to our emails & exclusive free content.** **[![I want to subscribe](https://no-cache.hubspot.com/cta/default/2979069/174cc371-9cdc-4b94-a32e-9007f0ac4dea.png)](https://cta-redirect.hubspot.com/cta/redirect/2979069/174cc371-9cdc-4b94-a32e-9007f0ac4dea)** - [technology](https://blog.prophetic-technology.com/topic/technology) - [internet of things](https://blog.prophetic-technology.com/topic/internet-of-things) - - - ## Post Your Comments Here #### About Us Prophetic Technology is a team of dedicated people that combine their expertise in business domains with a passion to release potential.s every page it appears on. 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