The IoT is a transformational tool for business. It gives them superpowers they never had before.  

This holds true whether it’s an energy provider drawing data from its infrastructure to sense failures, a sensor-equipped building anticipating and then proactively dealing with occupants’ needs,  or a retailer using data streams from its stores and warehouses to streamline operations.  

But unlike fictional superheroes who are often born with their abilities, any business wanting to develop IoT superpowers requires help. That must come from the technology sector, and three specific elements: investment, solutions and ecosystems.  

IoT investment is evident, with the $100 billion SoftBank Vision Fund being a prime example of major support in advanced technologies. For solutions, we need to make it easy for organizations to provision, update, connect and manage devices, as well as make sense of the incredible amount of diverse data that the IoT is generating. Lastly, IoT requires a strong ecosystem of companies working together to deliver value. A single company cannot solve everything alone.