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People, Processes, Services, and Things by Bill Dry, Hazim Dahir

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Chapter 7

The Changing World: Where IoE Is Making the Biggest Difference

We hope that by now you are able to see how IoE will help you run a more effective business, predict your customer or client behaviors, and automate time and people intensive processes, just to name a few. As you can imagine, this value is realized through a carefully selected and orchestrated ecosystem of elements that produce data, capture all or relevant pieces, and manipulate, correlate, and analyze them to deduce actionable knowledge. The previous sentence is the long way of saying “IoE is about getting knowledge out of information” and, subsequently, of saying “knowledge is power.”

The simplified diagram (Figure 7.1) from International Data Corporation (IDC) gives ...

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