Companies Converge on The Internet of Things Opportunity

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  • Inexpensive data-sharing makes improved efficiency possible
  • Software, hardware firms interested in fragmented industry

Companies mentioning the IoT in filings

Source: Bloomberg New Energy Finance
Note: References refers to mentions of the phrase ‘Internet of Things’ or ‘IoT’ in company filings and publicly released documents.

Hype surrounding the Internet of Things, a term for communication-enabled hardware networks, continues to grow. More than 20 times as many companies mentioned the IoT in filings in 2016 as in 2012, according to a Bloomberg New Energy Finance report. The IoT is the natural purview of technology companies, as it relies on low-cost computing, advanced analytics and widespread network coverage. International Business Machines Corp., Microsoft Corp. and Amazon Web Services Inc. have IoT departments. Industrials like General Electric Co. and Siemens AG are interested in leveraging deployed hardware and data libraries to leapfrog tech companies and install proprietary platforms.

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