Think your industry or your business won't be impacted by the internet of things? Consider this your wakeup call. Roughly half of the audience informally polled at last month’s CIO 100 event said they had attended an IoT event in the last 12 months. “So what were the other half [of you] doing on the most hyped word on the internet today?” asked Vernon Turner, senior vice president of enterprise systems & fellow for the internet of things at IDC. “Be careful of the internet of things because it may not seem like it, but believe me it is coming,” Turner warned. In fact, IDC forecasts $1.3 trillion in IoT spending by 2019 — just three years from now. And Turner says it is something that companies should be looking at now. “In the last year I have traveled to most of the countries that make up the G20 … to get a feel for where they are with the internet of things. And what is clear to me is that understanding that we go from a ‘make and sell’ model of products and services to a ‘sense and response’ model, listening to what’s going on, listening to what’s happening in our surroundings and responding accordingly to that, and to be able to do that you need to have measurement at every point of a value chain or a supply chain or even in our bodies. So that’s why I think that precision is the future for every industry. Without that information we don’t know how to run our businesses in the future because our customers are going to ask us to do things very, very differently.” Register now to watch the full presentation and learn why you need to pick up the pace on IoT. Roughly half of the audience informally polled at last month’s CIO 100 event said they had attended an IoT event in the last 12 months. “So what were the other half [of you] doing on the most hyped word on the internet today?” asked Vernon Turner, senior vice president of enterprise systems & fellow for the internet of things at IDC. “Be careful of the internet of things because it may not seem like it, but believe me it is coming,” Turner warned. In fact, IDC forecasts $1.3 trillion in IoT spending by 2019 — just three years from now. And Turner says it is something that companies should be looking at now. “In the last year I have traveled to most of the countries that make up the G20 … to get a feel for where they are with the internet of things. And what is clear to me is that understanding that we go from a ‘make and sell’ model of products and services to a ‘sense and response’ model, listening to what’s going on, listening to what’s happening in our surroundings and responding accordingly to that, and to be able to do that you need to have measurement at every point of a value chain or a supply chain or even in our bodies. So that’s why I think that precision is the future for every industry. Without that information we don’t know how to run our businesses in the future because our customers are going to ask us to do things very, very differently.” Click play below to watch the full presentation and learn why you need to pick up the pace on IoT. Related content feature 10 most popular IT certifications for 2023 Certifications are a great way to show employers you have the right IT skills and specializations for the job. These 10 certs are the ones IT pros are most likely to pursue, according to data from Dice. By Sarah K. White May 26, 2023 8 mins Certifications Careers interview Stepping up to the challenge of a global conglomerate CIO role Dr. Amrut Urkude became CIO of Reliance Polyester after his company was acquired by Reliance Industries. He discusses challenges IT leaders face while transitioning from a small company to a large multinational enterprise, and how to overcome them. By Yashvendra Singh May 26, 2023 7 mins Digital Transformation Careers brandpost With the new financial year looming, now is a good time to review your Microsoft 365 licenses By Veronica Lew May 25, 2023 5 mins Lenovo news Alteryx works in generative AI for speedy analytics results OpenAI integration and AI wizardry for report generation are aimed at making Alteryx’s analytics products more accessible. By Jon Gold May 25, 2023 3 mins Analytics Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe