The
Internet of Things (IoT) has quickly gained a great deal of momentum and buzz
amongst companies in a variety of fields over the past year. Up until now, the
idea that all of our devices would be connected to one another and sharing data
seemed like a far off idea that would take many years to come to fruition.
However
due to new technologies quickly becoming more cost-effective and advances in
the amount of environmental data that sensors are able to collect, the
potential of IoT will likely come to be realized much sooner than many of us
originally expected.
Morgan
Stanley is projecting that within the next five years, as many as 75 billion
devices will be communicating with each other using IoT technologies. As a
result of this many companies are trying their best to prepare themselves to
harness the power that a hyper connected world could bring to their businesses.
Nitin
Rakesh, the CEO and president of the global IT and business solutions provider
Syntel, believes that a tremendous amount of pressure is currently being put on
companies to modernize and replace their legacy systems, because if they fail
to do so they will be unable to handle growing
consumer demand.
Rakesh
sees legacy modernization as a means for companies to remain relevant as we
shift towards a truly connected world. A gap will likely emerge between those
companies that rely on legacy systems that are quickly becoming obsolete and
those that have made the necessary investments to harness the power of the IoT
in their businesses. This "Digital Disconnect" will make it
especially harder for companies involved in healthcare, online insurance and
manufacturing.
Syntel
recommends a three-pronged approach for enterprises looking to modernize their
operating systems and adopt new platforms. They should begin by evaluating
legacy systems to see if automation can be applied to help manage business
critical programs that can only be run on those machines.
Next,
they should attempt to move all non-critical applications and assets to new
more modern platforms. Finally in order to modernize their entire application
environment the latest digital technologies should be overlaid on top of the
entire environment.
**Culled
from betanews.com
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