Here’s How Companies B e n e fi t F r o m T h e I n t e r n e t o f ThingS in THREE charts The Internet of Things will bring massive benefits to consumers We can connect our cars, homes, wearable devices, etc to the Internet to automate processes and track data better But it’s not just consumers who will benefit from the Internet of Things (IoT) There’s a lot at stake for companies too A survey by Accenture shows that top-level executives and CEO’s believe the IoT brings three main benefits for businesses Top IoT Benefits for Companies (in percentage of executives surveyed) Source: Accenture These benefits are more than just a future expectation Employee productivity is already increasing thanks to the Internet of Things Microsoft’s IoT solutions have helped a stone-cutting business boost productivity by 33%, and revenue by 70% Industries Investing in IoT Sensors for Their Businesses Source: PricewaterhouseCoopers For example, Verizon placed hundreds of wireless sensors across 24 of its data centers The result has been an electricity decrease of 55 million kWh annually, and a reduction of 66 million pounds of greenhouse gases each year And Intel added predictive maintenance technology to its own factory in Malaysia, and saved the company $9 million as a result But that’s not all All of that asset management leads to the last main benefit: cost savings General Electric uses its Industrial Internet (part of the IoT) software, Predix, to improve asset management The company believes a 1% increase in Industrial Internet efficiency will equal billions of dollars in saving for companies Savings from Industrial Internet Efficiencies(in billions of dollars) Source: GE GE says the savings comes from making assets more reliable, longer lasting, safer, and better performing And Cisco agrees The company says one of the key drivers of IoT value is cost reductions Cisco estimates that $19 trillion will be created from IoT profits and cost savings over the next decade Unfortunately, 73% of companies haven’t made any substantial investment in the Internet of Things Once companies realize the IoT is more than just connected homes and smartwatches, that’s when the real benefits will begin Wall Street hacks Apple's gadgets! (Investors, prepare to profit.) Apple forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering Apple's brand-new gadgets And its stock price has nearly unlimited room to run for early-in-the-know investors To be one of them, just click here! CLICK TO READ NOW ... billions of dollars in saving for companies Savings from Industrial Internet Efficiencies (in billions of dollars) Source: GE GE says the savings comes from making assets more reliable, longer lasting,... main benefit: cost savings General Electric uses its Industrial Internet (part of the IoT) software, Predix, to improve asset management The company believes a 1% increase in Industrial Internet. .. will benefit from the Internet of Things (IoT) There’s a lot at stake for companies too A survey by Accenture shows that top-level executives and CEO’s believe the IoT brings three main benefits