IoT Reigns At AT&T Inc. (NYSE:T)’s Developer Summit
AT&T Inc. (NYSE:T) is looking at the Internet of Things (IoT) and adjacencies as significantly transformative technology. At its Developer Summit, the carrier talked about how mobile and cloud is upending a range of industries around the world. AT&T’s chief of mobile and enterprise business, Ralph de la Vega, see IoT as another Industrial Revolution.
Among AT&T Inc. (NYSE:T)’s IoT initiatives is what the company calls Smart Cities. Under the smart cities program, the company is leveraging its know-how and working alongside other technology leaders to modernize cities and campuses. The idea is to enable city authorities to serve residents of their cities. Cisco Systems, Inc. (NASDAQ:CSCO), the International Business Machines Corp. (NYSE:IBM) and Intel Corporation (NASDAQ:INTC) are some of AT&T’s Smart Cities partners.
The IoT wave in enterprise
In the enterprise space, AT&T Inc. (NYSE:T) predicts that 2016 will be marked by remarkable advances in mobile device management (MDM) and Bring Your Own Device (BYOD). Smartphone penetration in enterprise, cloud and high-speed wireless networks are expected to play a major role in the proliferation of enterprise mobility and IoT in 2016 and beyond.
Why Industrial Revolution part 2?
AT&T Inc. (NYSE:T) executives are under no illusion that investment in IoT is an investment in the future, specifically the long-term outlook. That makes de la Vega talk of IoT being the Industrial Revolution 2.0. By that he means that IoT will shake many industries in the magnitude of Industrial Revolution many years ago.
For example, data that will be generated from Internet-connected devices can help markers refine their advertising campaigns for better returns. Additionally, there will be more data coming from sources that didn’t previously generate data. The data can be harnessed to overcome barriers in many industries.
For AT&T Inc. (NYSE:T), besides the opportunity of powering Internet-connected gadgets, there is also money to be made security IoT devices and networks. The company is currently investing in building robust security business pointed at enterprises. It is estimated that close to 50 billion devices will be connected to the Internet grid by 2020.
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