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In an environment where a heating and ventilation subcontractor can pose an existential risk to a billion dollar retail chain – as infamously happened to Target – just knowing where to start assessing third party risk can be a challenge for any organization, Jordan told me. IOT ignorance. It’s membership and cross-industry driven.”
Across industries, the exponential growth of technologies such as hybrid cloud, data and analytics, AI and IoT have reshaped the way businesses operate and heightened customer expectations. Major industries, such as financial services, healthcare, retail and telecom and media, made their initial leap to cloud over a decade ago.
trillion in economic benefits by 2030. Retailers, particularly in the fashion industry, are increasingly embracing circular business models: rental and resale programs offer opportunities for growth, while repair services offer an alternative to landfill disposal. The smart factories that make up Industry 4.0
Over the years, the Internet of Things (IoT) has evolved into something much greater: the Economy of Things (EoT). The number of IoT connected devices are growing in practically every industry, and is even predicted to reach 29 billion worldwide by 2030. These IoT connected devices form a critical backbone of data for industry.
billion by 2030. Retail: Customers can manage their entire shopping experience online—from placing orders to handling shipping, changes, cancellations, returns and even accessing customer support—all without human interaction.
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