(Editor’s Note: This article, excerpted and translated from ulinkmedia.)
In its latest report, “The Internet of Things: Capturing accelerating Opportunities,” McKinsey updated its understanding of the market and acknowledged that despite rapid growth over the past few years, the market has failed to meet its 2015 growth forecasts. Nowadays, the application of the Internet of Things in enterprises faces challenges from management, cost, talent, network security and other factors.
McKinsey’s report is careful to define the Internet of Things as a network of sensors and actuators connected to computing systems that can monitor or manage the health and health of connected objects and machines. Connected sensors can also monitor the natural world, human and animal behavior.
In this definition, McKinsey excludes a broad category of systems in which all sensors are primarily intended to receive human input (such as smartphones and PCS).
So what’s next for the Internet of Things? McKinsey believes that the trajectory of iot development, as well as the internal and external environment, has changed dramatically since 2015, so it analyzes tailwind and headwind factors in detail and provides development recommendations.
There are three main tailwinds that are driving a substantial acceleration in the iot market:
There are five headwind factors, which are the challenges and problems that the development of the Internet of Things generally needs to face.
In the face of headwinds and tailwinds, McKinsey offers seven steps for successful large-scale deployment of iot projects:
Overall, McKinsey believes the Internet of Things, while growing more slowly than expected, will still create significant economic and social value. The factors that slow and hinder the development of the Internet of Things are not the technology itself or lack of confidence, but operational and ecological problems. Whether the next step of iot development can be pushed forward as scheduled depends on how iot enterprises and users address these adverse factors.
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