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 opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing 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