Business Studies, asked by leticiaakosua, 19 days ago

Explain the concept connected world as used in business analytics

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Answered by chaudharysatyaprakas
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Welcome to the Connected World

Chris Mines, SVP, Research Director

AUG 30 2013

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The world is becoming more and more connected, whether we look at consumer products like thermostats, commercial assets like a fleet of trucks, or infrastructure systems as extensive as electricity grids or cities. By understanding the broad landscape of the connected world, business and technology leaders can ready their firm for the implications — positive and negative — of asset control, business model change, and deeper data-driven customer engagement.

In Forrester’s upcoming report, “Mapping The Connected World,” we map the broad landscape of the emerging connected world, assessing the attractiveness and readiness of different industries and use cases. This report draws from and synthesizes related research around smart products, the connected car, and smart cities, while setting the stage for upcoming reports like the connected home and embedded systems. Our focus is on analyzing the business impacts of increasing connectivity between physical devices and infrastructures, and digital computing and analytic systems.

The Connected World

As we research this space, we are interviewing vendors who are providing components and solutions for the connected world as well as business executives participating in the decision-making and implementation process for these solutions in their firm. These are some of the questions we are investigating:

What’s driving or motivating firms’ investment and implementation of connected world solutions?

Who are the buyers, mainstream IT function or line-of-business execs?

What

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