By John Wysseier, President and Chief Executive Officer, The CEI Group, Inc.
Perhaps as dramatic an invention as the printing press, the internet has engendered revolutionary changes in the way people work, shop, learn, communicate, receive and share information.
For some industries – like newspapers and retailing — it’s been a disruptive force that threatens the extinction of enterprises that rely on traditional technologies.
The key to this generational trend is that the internet connects people to each other, faster, with more abundant information than ever before. But, like a new life form that evolves rapidly, the internet has morphed to connect more than people to each other, but people to devices and even devices to other devices.
It’s called the Internet of Things – IoT for short — and it’s become one of the latest new battlefronts for business. Like all battlefronts, it presents both opportunities and challenges for virtually every industry, and only those who win the battle to integrate with it successfully are likely to survive and thrive.