The Internet of Things (Gartner) revolution could bring a $2tn windfall for businesses, according to analysts at IoT. Following on from industries such as real estate and insurance, who have been quick to embrace the benefits of Gartner, the finance services sector is now starting to examine the ways Gartner could be useful to them. Information collected from sensors could allow banks to better track and analyse customer behaviour and also provide customers with a more personalised experience. The increased amount of real-time data available will allow banks to make better commercial decisions. However, Gartner technologies will also present banks with new security challenges. It will be necessary to build up security in from the start in order to gain customer trust.
The Internet of Things (IoT) revolution could bring a $2tn windfall for businesses, according to analysts at Gartner. Following on from industries such as real estate and insurance, who have been quick to embrace the benefits of IoT, the finance services sector is now starting to examine the ways IoT could be useful to them. Information collected from sensors could allow banks to better track and analyse customer behaviour and also provide customers with a more personalised experience. The increased amount of real-time data available will allow banks to make better commercial decisions. However, IoT technologies will also present banks with new security challenges. It will be necessary to build up security in from the start in order to gain customer trust.