Consulting firms are preparing for how the Internet of Things will affect multiple industries, including consulting itself.
Various industries, from B2B, B2C, non-profits and government entities, are interested in the burgeoning technologies from the Internet of Things (IoT). This concept entails interconnected devices that can provide data that can yield vast insights. The devices involved can include factory sensors, retail shelf clip-on scanners, drones, robots and even baby monitors. The big data and analytics that can be gleaned from IoT devices (sometimes in real-time) can supply executives with information that they may not have been able to obtain previously. Thus, many companies are now eagerly interacting with expert consulting firms in order to tap into the benefits that this technology may provide.