Internet of Things connects "Old Economy" and "New Economy"

05/9/2013 | Harvard Business Review online

By 2015, cyberspace will host about 6 billion connected devices, Stefan Ferber writes, a trend that experts say will revolutionize the way businesses and consumers interact and divert the industry's focus away from hardware and onto the services they power. Ferber, of Bosch Software Innovations, writes that this service-minded economy has the potential to spark partnerships between industries that traditionally lacked overlap and propel profit margins to new levels, providing a boost to global markets.

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