November 11, 2014

Internet of ThingsAccording to a recent summation of CompTIA research findings, the Internet of Things (IoT) is expected to drive new business opportunities for established IT companies and start-ups alike.

This growth for business opportunities will likely be fueled by the complex mix of hardware, software, rules and services that currently exist within the IoT ecosystem. Seth Robinson, senior director, technology analysis, CompTIA, said in the release, “Many IoT elements are rooted in traditional IT components, which is good news for IT companies experienced in building and linking complex systems. At the same time, we’re likely to see the emergence of many new firms focused on specific aspects of these systems, such as devices and data analysis. The true value of IoT will come from the combination and connectivity of all pieces.”

CompTIA notes that projections estimate the number of connected devices across the globe will expand from 14.4 billion in 2014 to more than 50 billion by 2020. The IT executives surveyed by CompTIA believe device companies (45%), data analytics/big data companies (43%), companies that tie services together using APIs (35%), IT solution providers (30%), telecom carriers (26%), and networking equipment/software companies (23%) will be the companies to profit most from the IoT.

Additionally, the same group of IT executives believe the IoT will create new revenue and business opportunities from connected systems, control and monitor newly connected pieces of equipment, add intelligence to previously “dumb” objects and systems, and more.

As the Internet of Things continues to gain traction across today’s industries and “dumb” objects become “smarter,” the value of embedded software testing will likely increase along with a number of other new businesses and opportunities. 

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