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APAC IoT adopters reap significant business gains
Decision makers must come to terms that the IoT is no longer a futuristic concept. Many enterprises are already progressing beyond the conceptualisation stage and embarking on their IoT deployment. However, it is important to understand that as with all new digital initiatives, IoT implementation is a journey. Frost & Sullivan's latest survey comprised 300 respondents in Australia, Hong Kong, and Singapore, and sought to understand the IoT maturity of enterprises and the impact of IoT adoption on business performance. The study also looked at respondents' attitudes and perceptions towards IoT and other enabling technologies, and how IoT is being implemented in their organisations. "Close to 40% of enterprises in Australia, Hong Kong, and Singapore have already embarked on their IoT journey and realised significant gains in their business performance," said Spike Choo, Director of Cognitive Industries (IoT and AI), Frost & Sullivan. "Our study shows that enterprises surveyed have experienced improvement in overall business metrics of 12.1% after implementing IoT initiatives."
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