Big Data and Internet of Things-Challenges and Opportunities for Accelerated Business Development Beyond 2050

Big Data (BD) and Internet of Things (IoT) are considered to generate major businesses and impact on the workforce market until 2050 and beyond. However, there are barriers that are still slowing down the success of BD and IoT applications, especially due to the lack of standardization and challenges of different players to cooperate. On the other side, access to large scale cloud computing testbeds has become a commodity and huge opportunities can be exploited in domains such as agriculture, automotive, renewable energy, health, and smart cities. The goal is to present business development ideas and steps that a young and smart entrepreneur should take to start and accelerate a successful career in BD/IoT, scaling-up beyond 2050.