McKinsey estimates a potential economic impact of $3.9 trillion to as much as $11.1 trillion per year in 2025 for IoT applications, while B2B applications will generate nearly 70% of the potential value of IoT via improved operational efficiencies. Service providers and integrators that provide such a data-driven platform can form long and enduring relationships with their customers. These service providers and integrators can offer premium value-added and integration services that can drive better margins.

IoT & IIoT Making Data-Driven Business Decisions