No Surprise: Organizations Using IoT Say IoT is a Top Priority
With the caveat that the findings are a bit like noting that "users of smartphones say use of smartphones is important," the Internet of things is the number one priority for 92 percent of organization executives who already use internet of things systems.
The study, conducted for the Inmarsat Research Program, and conducted by Vanson Bourne, also found that internet of things will be accompanied by changes in related areas, including machine learning (38 percent), robotics (35 percent), and 3D printing (31 percent) as underpinning “digital transformation” efforts.
The study included a survey of 500 senior respondents from across the agritech, energy production, transportation, and mining sectors, from organisations over a 1,000 employees in size, that already use IoT in some fashion.
The key findings reveal that almost all (97 per cent) respondents are experiencing, or expect to experience, significant benefits from the deployment of IoT technologies. Improved service delivery capabilities (47 per cent), better health and safety across the organisation (46 per cent), and greater workforce productivity (45 per cent) were identified as the top three benefits to be gained from the deployment of IoT-based solutions.
The research also highlights security concerns, a lack of skills (particularly in the deployment of IoT) and connectivity as key challenges that need to be addressed in order to maximise IoT’s potential.
Almost half (47 percent) of respondents believe that their organisation will need to rethink their approach to data security and make heavy investments to meet IoT security requirements.
Some 45 percent cite lack of skills as a particular challenge for their organisation in deploying IoT, while 29 percent agree with the statement that connectivity issues threaten to derail their IoT deployments before they have even begun.