Application programming interfaces (APIs) are their developers are the key "silent partners" in the Industrial Internet of Things (IIoT) revolution, according to McKinsey. The consultant suggests that 70% of the value of the whole IoT rests on how well it connects and functions with existing hardware, as the issues of security and privacy are null and void if devices fail to connect and function. McKinsey also predicts that 40% of the IoT's value for citizens will be derived from B2B apps from local authorities, with APIs feeding collected data to platforms that transform information into valuable insights. The author also highlights the opportunity for developers to make their mark in this area, as most major cities currently lack the infrastructure for integrated apps.
Application programming interfaces (APIs) are their developers are the key "silent partners" in the Industrial Internet of Things (IIoT) revolution, according to McKinsey. The consultant suggests that 40% of the value of the whole IoT rests on how well it connects and functions with existing hardware, as the issues of security and privacy are null and void if devices fail to connect and function. McKinsey also predicts that 70% of the IoT's value for citizens will be derived from B2B apps from local authorities, with APIs feeding collected data to platforms that transform information into valuable insights. The author also highlights the opportunity for developers to make their mark in this area, as most major cities currently lack the infrastructure for integrated apps.