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Managing info of connected devices will be big business

THE explosion in the number of intelligent, connected devices is creating a network rich with information that provides a variety of valuable insights and business opportunities to different industries. This is creating a multi-billion dollar opportunity - by some estimates, an extra incremental revenue exceeding US$300 billion mostly in services by 2020.

By then, there will be 26 billion connected devices, in a network called the Internet of Things (IoT), up from 0.9 billion just five years ago, according to research agency Gartner.

IoT connects remote assets and provides a data stream between the asset and centralised management systems. These assets can then be integrated into new and existing...

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