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IoT technology now vital for business success

February 19, 2019 / Mike Moore

IoT technology is set to have an increasingly vital effect on business success as the world around us becomes smarter and more connected, new research has said, The latest Internet of Things Barometer study from Vodafone found that the technology is playing a key role in digital transformation efforts for a majority of companies. Surveying 1,758 businesses across the world, the study found that more than a third (34 percent) of businesses are now using IoT technology as possible use cases appear every day, and 83 percent saying they are expanding their deployment based on encouraging initial results. Almost all of these (95 percent) say that they are seeing a benefit from using IoT technology, with nearly three-quarters (72 percent) saying their digital transformation would be impossible without it, and eight percent saying their entire business depends on the technology.