Two in three enterprises using IoT in some capacity, research finds
Almost two thirds of enterprises say they use the Internet of Things (IoT) in some capacity, according to a new study from 451 Research.
In its quarterly report, the researchers found that though IoT as a term has come to prominence recently, 65% of respondent organisations make use of data from equipment, devices or other connected endpoints and utilise that data for business. The most common source of IoT data is data centre IT equipment (51%), followed by data centre facilities equipment (33%) and smartphones/end-user devices (29%). Industry adoption is significant with 49% of manufacturing organizations collecting data from factory equipment and 49% of healthcare organisations doing so from medical devices.
Business applications from such usage includes reducing risk (66%) followed by optimising operations (63%), developing new or enhance existing products or services (33%) and improving customer targeting (21%), according to the study. The area of application varies across sectors, with manufacturing and utilities mostly focused on optimizing operations, while reducing risk is more critical for those in finance and the public sector.
Dan Harrington, research director at 451 Research, said: “The term ’Internet of Things‘ has proliferated rapidly and taken on different meanings depending on the audience. As is reflected in our survey data, these connected endpoint scenarios are both old and new. They vary immensely from traditional use cases such as IP connected cameras, building automation, warehouse automation and telematics to emerging industrial use cases such as crop monitoring and remote patient monitoring.
“Organisations are both enhancing their already connected endpoints with greater capabilities as well as connecting new objects with sensors and circuitry to derive net new value for the business,” Harrington added.
Interested 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.
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