The Internet of Things (IoT) is a natural progression of technology based on the Internet, but it is disruptive because of the major impact it will have on how consumers interact with everything from their furniture to their white goods to their clothing, and how businesses will find themselves transforming their business models and operations through the application of IoT technologies.

"We see tremendous potential across a range of industries, as modern industry value chains are highly connected."

 

We see tremendous potential across a range of industries, as modern industry value chains are highly connected. Frankly, we believe it will soon be difficult to remain competitive without having IoT support for end-to-end business processes.  
It’s important to remember however that IoT is not a product, it is an enabler for an innovative culture, transforming products companies into service providers, and helping businesses to discover unconventional revenue streams.

IoT culture

To become a world leader in this new space with unlimited growth potential, Canada must create an IoT culture nation-wide and Canadian organizations must create an IoT culture to become the disruptors, rather than becoming the disrupted.