BICS: The potential for IoT in Africa is enormous

How can businesses and operators harness the IoT to drive new revenue streams? “With the suggestion that by 2020 there could be more than 20 billion connected devices in the world, there is no doubt that the IoT is big business. But, according to The Economist Intelligence Unit IoT Business Index 2017, businesses aren’t adopting the IoT as quickly as previously anticipated. “In Africa, the potential of the IoT is huge. If harnessed correctly, it could play a role in accelerating the development of Africa’s economy – more so than in other markets – driving socio-economic growth, enabling businesses to leapfrog the lack of infrastructure and digitise their offerings.  “Benefits of the IoT include having everything in the cloud, instead of on physical infrastructure, which increases agility and improves cost efficiencies…