Project Management

Emerging Technology Status - Internet of Things (IoT)

From the Emerging Technologies Blog
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UPDATED MAY 2020 - This blog will appear monthly from now on. Today, all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.

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The Internet of Things (IoT) age is upon us and by all estimates this period of rapid technological advancement and change will be 3 times the magnitude seen during the Internet era of the mid to late 90s.   Forbes recently published an article that projected the Internet of Things economy would be $19 trillion and contain 50 billion connected devices by 2020.  That is tremendous growth in less than 5 years. Consider the manufacturing of those devices, their installation and connectivity.   Consider all the data those devices will generate.  Proper analysis and use of that data will have profound implications on decision making and modern operations.  All of that translates to a significant impact on businesses in virtually every industrial segment.  That also translates to a large number of programs and projects which will put a strain on the current pool of project managers. Is your organization ready?   Are you?


Posted on: June 11, 2016 10:22 AM | Permalink

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