Companies get into IoT for multiple reasons. In the case of Arrow, the Internet of Things (IoT) was thrust upon it. Now, however, Arrow Electronics is trailblazing into IoT platform services.
Last year, Arrow did nearly $24 billion in revenue that was largely split between two businesses: electronic components and enterprise computing solutions. Historically, these two divisions had little overlap, but IoT has bridged the two units.
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A similar story is occurring at organizations everywhere as IoT converts disconnected things into computing peripherals. For example, hospital refrigerators that store blood and medicine are increasingly integrated into intelligent building management and communications systems.