- This topic has 1 voice and 0 replies.
-
Posts
-
-
#News(General) #Report [ via IoTForIndiaGroup ]
Organizations—even those that have already implemented Internet of Things (IoT) projects—are still struggling to understand the concrete business benefits of the IoT, according to a new study released today by Longview IoT, a Carnegie Technologies company, and Informa Engage.
The IoT Implementation Trends Survey indicates that enterprise organizations across all vertical industries and of all sizes require significant education to understand the more specific business outcomes that the IoT can bring.
The results indicate that connecting the dots between IoT technologies and the problems they solve remains a challenge. For example, when asked about the benefits of IoT, organizations tend to cite nonspecific results such as cost savings, increased productivity and better operational efficiency, instead of precise goals such as improving worker safety, conducting predict¬ive maintenance, solving billing issues, avoiding cost overruns, and tracking valuable equipment.
The study also shows that:• The top four implementation barriers for organizations overall are cost (37%), security (37%), lack of expertise (36%) and poor understanding of benefits (35%). • Half of respondents handle their IoT projects in house. Forty percent use a system integrator, 35% mul¬tiple vendors, and 34% an IoT solutions provider. • Fewer than half (39%) of respondents—both those planning IoT implementations and those who have already implemented solutions—say they need to collect data in real time. However, if those who need data “every few minutes” (19%) are added, the total jumps to 58%. • Companies are seeing IoT as less hype and more real—just 3% of the companies believe the IoT is hype, while nearly half (47%) say it will substantially improve their competitiveness
-
- You must be logged in to reply to this topic.
