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Study: Use of IoT in corporate networks is soaring

Study: Use of #IoT in corporate networks is soaring #IIoT #InternetOfThings

  • Vodafone’s annual IoT barometer this month found that 84% of the 1,278 senior IT decision-makers who responded had increased their adoption and use of IoT solutions in the past year.
  • Big adoption numbers underline that companies are seeing tangible upsides from their IoT deployments.
  • Just over half said that IoT is either enhancing existing revenue streams or opening up new ones, which could help explain why 88% of those experiencing benefits from IoT report ploughing additional investment into the technology in the past year.
  • Larger companies tended to lead the way in IoT adoption rates in previous years, but the gap has closed substantially in the latest figures.
  • Even the omnipresent issue of IoT security seems to be less frightening to companies than before – just 7% of those with bigger (10,000+ devices) deployments said that security was their top concern, although most still acknowledged its importance.

7% of large IoT users say security is still a top concern.

We’ve reached the sharp part of the adoption curve for IoT, as a recent study shows skyrocketing adoption of the technology across all business sectors for a huge range of different purposes.

Vodafone’s annual IoT barometer this month found that 84% of the 1,278 senior IT decision-makers who responded had increased their adoption and use of IoT solutions in the past year. 12% of the respondents had at least 10,000 connected devices in use at their company, while 6% had more than 50,000 in operation.

+ALSO ON NETWORK WORLD: Forrester: 3 ways IoT can drive business value + FAQ: What is NB-IoT?

Big adoption numbers underline that companies are seeing tangible upsides from their IoT deployments. The survey found that virtually all – 95% – of respondents said they had realized measurable advantages from their implementation of the technology. Just over half said that IoT is either enhancing existing revenue streams or opening up new ones, which could help explain why 88% of those experiencing benefits from IoT report ploughing additional investment into the technology in the past year.

Larger companies tended to lead the way in IoT adoption rates in previous years, but the gap has closed substantially in the latest figures. While smaller (less than 1,000 employees) and medium-sized companies (between 1,000 and 10,000 employees) sat at 12% and 11% respectively in 2014, those numbers have surged to…

Study: Use of IoT in corporate networks is soaring

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