Why the enterprise is key to growth in the Internet of Things

(c)iStock.com/Danil Melekhin

According to the latest IDC figures, 73% of decision makers polled said they had already installed or planned to install IoT solutions within the next year.

58% of the 2,500 respondents, across 15 countries, argue that the IoT is of strategic importance, with the most important industries being healthcare (72%), transportation (67%) and manufacturing (66%). Just under a quarter (24%) of all respondents view the IoT as capable of bringing disruption and massive change. Government was placed last terms of overall awareness, inferring the industry needs education on IoT basics.

The survey provides insight on regional differences with regard to awareness, adoption, and plans for implementation. The retail and manufacturing industries are displaying growth in IoT awareness, with 56% and 53%, respectively, revealing a heightened awareness of IoT.

Costs – upfront and ongoing – are at the top of the constraints list, though security is among the foremost challenges. Software vendors have gone past hardware vendors, who were the leaders before, in 2015. The retail sector possesses latent potential and should come into focus now or over the next two years, according to the report. One of the main challenges to IoT architecture design is IoT processing at the edge of the network.

The enterprise segment is key to the growth of the IoT with regard to connected endpoints and spending. Vernon Turner, senior vice president and research fellow  for the Internet of Things, said: “IoT momentum continues to grow and our survey shows that it is seen as strategic to the enterprise.”

https://www.iottechexpo.com/wp-content/uploads/2018/09/iot-tech-expo-world-series.pngInterested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.

The show is co-located with the AI & Big Data Expo, Cyber Security & Cloud Expo and Blockchain Expo so you can explore the entire ecosystem in one place.

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