The Internet of Things Will Be Huge, Is Your IT Infrastructure Ready to Support It? by Harish Venkat

IDC predicts that the worldwide IoT market will grow from $1.3 trillion in 2013 to $3.04 trillion in 2020 (1). IDC also states that within three years, 50% of IT networks will transition from having excess capacity to handle the additional IoT devices to being network constrained. (2)
As further evidence, analyst firm 451 Research reported an increase in M&A spending in 2014 that pushed ‘Internet of Things’-related deal-making past the $14bn mark, a fortyfold increase in acquirer spending compared to 2013. (3)
This rate of growth cannot be ignored. IoT is inevitable and will create tremendous opportunity for a new wave of services built around connected devices. It will also pose challenges to IT and infrastructure leaders for the following reasons:

• The volume of data that will come off devices will be enormous and capable of completely overwhelming network infrastructures.
• IT infrastructures will need to support these vast amounts of data.
• Solutions that aren’t fully integrated will fail to deliver needed data and analytic capabilities. All devices will need to be integrated with all other devices, so seamless integration of applications and technologies will be critical.
• Realizing business value from IoT will be dependent upon scalable and flexible infrastructures that can integrate and secure data received from various components and devices.

How can you prepare? A good first step is to modernize IT infrastructures and upgrade legacy architectures. As is the case with other technology trends like mobile, big data, and social, IT needs to be agile and strongly aligned with the business. This means anticipating and responding to business needs quickly, providing real-time information that informs decision-making, and being scalable to support planned and unplanned growth. Read the complete article here.

SOA & BPM Partner Community

For regular information on Oracle SOA Suite become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

Blog Twitter LinkedIn Facebook Wiki