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#News(General) [ via IoTForIndiaGroup ]
The Internet of Things Business Index 2017: Transformation in motion is an Economist Intelligence Unit report, sponsored by ARM and IBM. It is intended to gauge the current and future use of the Internet of Things (IoT) by the global business community.
Many respondents say that the IoT has already had a marked impact on their business model, allowing them to generate greater revenue and sparking a new innovation wave within their organisation. One- fth have already seen a major impact on their industry, and a further 30% believe they will see signi cant impacts in the near future.Other key findings from the report are:
Many companies are seeing payback from their early IoT efforts.
Executives believe in the IoT’s potential, but progress has not happened as fast as expected.
The main obstacles to IoT implementation are practical.
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