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More than a third of businesses now use IoT
More than a third (34%) of businesses now use IoT, and that 70% of these adopters have moved beyond pilot stage and 95% of adopters are seeing the benefits of investment in this technology as it moves into the mainstream, according to the findings of Vodafone’s latest IoT Barometer. While use cases for IoT are varied, ranging from medical exoskeletons to connected tyres, the research has found that IoT impacts businesses regardless of size and sector. Sixty per cent of businesses that use IoT agree that it has either completely disrupted their industry or will do so in the next five years. Eighty-four per cent of adopters report growing confidence in IoT, with 83% enlarging the scale of deployments to take advantage of full benefits. The report also grades businesses in IoT usage by assessing strategy, integration and implementation of IoT deployments. Globally the report found that 53% of adopters fall into the top two levels out of five. Regionally, the Americas is the most advanced, with 67% of adopters falling into the top two levels, compared to 51% in APAC and 46% in Europe. This suggests that businesses in the Americas are progressing faster than those in other markets, moving from individual projects to coordinated, strategic programmes.
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