Internet of Things

3 Years To Go: Businesses MUST Get Smart By 2020, Report Finds

3 Years To Go: Businesses MUST Get Smart By 2020, Report Finds

Small businesses have three years to ‘get smart’ and ensure their offices are prepared for a wave of new connected tech in the ‘Open Economy’, a report by Samsung has revealed. According to the research, there will be an estimated 7.3bn connected Internet of Things (IoT) devices by 2020 and small enterprises will be left behind if they don’t adapt to these changes. A challenge exists for businesses meeting the needs of ‘millennials’, who are fast becoming the default decision makers within organisations – as many have come to expect consumer-driven technologies and ideas in their working lives too; such as virtual and augmented reality and personal artificial intelligences. This ‘Open Economy’ will be characterised by businesses cooperating with freelance workers, routine embedding o... »