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Three Quarters of Enterprises Collecting IoT Data

Three Quarters of Enterprises Collecting IoT Data

A study has shown that three quarters of global businesses are now gathering Internet of Things (IoT) data.

According to the report, produced by analysts at 451 Research, 90% expect to increase IoT spending over the next year.

Its latest study consisted of 1,000 enterprise IT buyers from around the world, and found that businesses were pushing ahead with IoT initiatives and spending.

Those with initiatives already expected to increase their spending by 33% over the next 12 months.

The statistics found that 68% of enterprises were taking advantage of IoT data for operational optimisation and 42% to develop new products or enhance existing ones.

Laura Didio, report author and research worker at 451 Research, said: “When it comes to IoT adoption, pragmatism rules.

“The survey data indicates enterprises currently use IoT for practical technology purposes that have an immediate and tangible impact on daily operational business efficiencies, economies of scale and increasing the revenue stream.”

Security was at the top of the list when it came to the risks associated with IoT with 50% of respondents considering it the main impediment to successful IoT deployment. 

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