Should Banking Build an Internet of Things (IoT) Strategy?

In developing my keynote presentation for a Next Money event in Hong Kong around the future of banking and contextual commerce, I analyzed if the banking industry is prepared to embrace the Internet of Things ecosystem. New technologies, digital devices and the pace of innovation are impacting the banking industry's operating models and influencing the banking ecosystem. The most prominent of these innovations include cloud computing, big data analytics, artificial intelligence and machine learning, robotic process automation, blockchain and the Internet of Things (IoT). Many of these technologies are interrelated. The world of IoT is a network of Internet-connected sensors that can be embedded into physical devices that collect data and share it across the web with people, applications and other devices.