The Minneapolis/St. Paul Business Journal held a panel discussion on the topic of Internet of Things, featuring Concord's Chief Executive Officer Florin Ibrani. The purpose of the panel is to explain IoT and discuss the impact of exponentially increasing volumes of data.
"[IoT] means a lot of different things to a lot of different audiences. I would argue that there have been activities in the internet of things for decades. If you are a manufacturer and you were trying to be efficient about use of your materials, you’ve had programmable logic controls in your devices for the past 30 years. That’s IoT. How it was connected was a different matter, but logically it’s the same problem. If you happen to be in the medical-device field, you could argue that you’re doing IoT because implantable-device doctors grab statistics in order to know when to replace batteries or when you need additional defibrillation or heart surgery. Now technology has caught up, so all of those things that were in the periphery are easier to connect. Broadly, devices that are not generally thought of as “inside your data center,” they’re creating data that you can do something with." - Florin Ibrani