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Home » Device Virtualization Is Key To IoT Adoption By Mark R Graham

Device Virtualization Is Key To IoT Adoption By Mark R Graham

Device Virtualization

The IoT (Internet of Things) revolution is transforming businesses across all industries. From automated retail to connected hospitals and more, the potential for improved efficiency and cost savings through device virtualization is immense. By leveraging networked technologies to control, manage and communicate with physical and virtual devices in real-time, businesses have an unprecedented opportunity not only to break free from legacy systems but also to open up a whole world of new possibilities. In this blog post, Mark R Graham discusses what device virtualization means for the future of business operations as well as why it eliminates some common barriers to IoT adoption.

Device Virtualization Is Key To IoT Adoption, Says Mark R Graham

Device virtualization is a key factor in IoT adoption because it allows IoT devices to be run on a single computing platform, says Mark R Graham. This means that IoT applications and services can be deployed faster, more efficiently, and at scale. Device virtualization also enables IoT devices to share resources with other connected devices, which helps optimize performance and reduce costs. 

According to Gartner’s Market Insights 2019 report, IoT device virtualization will help businesses save up to 20% of their total spending by the year 2022. In addition, IoT-enabled businesses are projected to increase resource utilization by 10%, resulting in even greater cost savings. These cost savings can then be used for other areas of business growth, such as investing in AI or expanding into global markets. 

As an example, Nestle is leveraging IoT device virtualization to significantly reduce their costs while still meeting customer demand. By using IoT device virtualization, they have been able to save up to 20% of their total energy expenditure as well as reduce production time by 10%. This has allowed them to increase efficiency in both production and delivery while also reducing costs for their customers. 

IoT device virtualization, as per Mark R Graham, is a key factor in IoT adoption because it not only reduces the cost of deployment but also makes IoT services more efficient and reliable. With the help of IoT device virtualization, businesses can reduce spending, increase resource utilization, and gain access to predictive analytics insights that can be used to drive growth further. As IoT adoption increases, IoT device virtualization will become an increasingly integral part of IoT solutions. 

Mark R Graham’s Concluding Thoughts

Device virtualization is the key component for making the Internet of Things a reality. It enables the development of IoT solutions where users interact with different devices and obtain insights from that data in real-time. By leveraging device virtualization, businesses and organizations can secure their IoT devices and ensure that only authorized users are granted access to them. According to Mark R Graham, this minimizes security risks and reduces downtime as well as operating costs. Furthermore, device virtualization allows developers to quickly create new applications and services tailored to customer needs while using technological resources more efficiently. Ultimately, this will result in increased user satisfaction and better business results. All in all, device virtualization is an invaluable technology for businesses seeking to make the most out of IoT adoption by utilizing at its fullest their devices’ capabilities while providing secure utilization of the available networks.