Is it time to invest in IoT?
This is a nice article about the status quo of the Internet of Things. It shows potential and motivates to take the opportunity and invest.
I published my first book, The End of Software, in 2004. At the time, I was president of Oracle On Demand, which served as a starting point for Oracle’s billion-dollar cloud business. In the book I discussed the fundamental economic reasons software should be delivered as a service.
As an example of new startups in the field, I discussed four companies, VMware, Salesforce, NetSuite and OpenHarbor. None of them were public companies when the book was published. Salesforce was still under $86 million in revenue. While I didn’t get all four correct, three of the four have gone on to be major companies driving the second generation of enterprise software.
It’s 12 years later. Some have said that enterprise software is a mature business; CEM, ERP, HR and purchasing software are now all being delivered as a cloud service. So is it the end?
I don’t think so. While second-generation software has helped reduce the cost and improve the efficiency of some enterprises, it…
Read the entire article from TechCrunch here: Is it time to invest in IoT?