After the endless cycle of hype and hyperbole, it seems the majority of business executives are still excited about the potential of the Internet of Things (IOT). In fact, a recent survey of 200 IT and business leaders released in January 2016 established that 22% of surveyed organizations have realized significant benefits from their IOT initiative. In addition, a full 55% expect a high level of initiative IOT impact during the next 5 years. In contrast, only 2% are expected no impact at all.
Respondents also cited the main areas in which they hope to see some of the transformational benefits of their IoT efforts, including creating a better user and customer experience (64%), triggering innovation (56%), creating the working practices of new and more efficient business processes, (52%) and creating revenue streams through new products and services (50%). You can also check out smart IoT solutions at https://iotsensors.dk/
As could be expected, security is the biggest concern, cited by about half of the respondents.
Increased exposure to the security of data/information – 50%
With the World Wide Web as an example, people today are very aware of the dangers inherent in the transmission of data between nodes on a network. With many of these organizations work with exclusive key operational data which could prove advantageous for competitors if exposed, the concern is very understandable.
ROI / make a business case – 43%
This is a classic part of not knowing what you don't know. Without an established example of how similar initiatives have impacted your organization in the past – or even how similarly sized and structured organizations have been impacted – it can be very difficult to demonstrate in a tangible way exactly how these efforts will impact the bottom line.