SAP & IoT
You may have heard the phrase "Internet of Things" - or IoT - at some point, but you could also be scratching your head to find out what it is or what it means.
The IoT refers to a network of Internet-connected objects capable of collecting and exchanging data using built-in sensors (other than typical computers and smartphones). Cars, kitchen appliances, and even pacemakers can be connected through the IoT. And as the Internet of things grows in the coming years, more devices will join that list.
It is expected that there will be more than 24 billion IoT devices on Earth by 2020. That's about four devices for every human being on the planet. And as we get closer to that point, $ 6 billion will flow into IoT solutions, including application development, device hardware, system integration, data storage, security, and connectivity. But that will be money well spent, since those investments will generate $ 13 billion in 2025.
SAP will launch a new product line called SAP IoT. This will leverage SAP's existing HANA platform and focus on applying advanced learning / analysis to the large amount of data collected by devices.