The IoT: Security and integration are key to success – KMWorld Magazine
As a foundational technology, text analytics has a lot of versatility, but its broad potential use can make it difficult to explain to prospective users. Whatever a company’s pain point, chances are that text analytics can be part of the solution, and there is plenty of room for growth, both across different industry verticals and horizontally within an organization.
The Internet of Things (IoT) is poised to have an impact on the amount of data being collected that is difficult to put into perspective. According to Gartner, the number of devices will grow from 8.4 billion in 2017 to 19.4 billion in 2020. McKinsey predicts that the worldwide market will range from $3.9 trillion to $11 trillion by 2025. Among the markets expected to lead in the use of IoT are factories, smart cities and healthcare. If the high end of the range is reached, IoT-related business would account for 11 percent of the global economy.