IoT gaining traction in the enterprise

Enterprise Innovation editors
28 Sep 2015
00:00

Close to three-quarters (73%) of enterprise IT decision makers with authority over the IoT responding to an IDC survey have already deployed IoT solutions or plan to deploy in the next 12 months.

IDC's research shows that the enterprise opportunity is where the IoT potential resides both in terms of spending and the number of endpoints connected.

The study was conducted in July and August 2015 and included 2,350 respondents from enterprises with more than 500 employees, including those based in the United States, China, India, Brazil and Germany.

"IoT momentum continues to grow and our survey shows that it is seen as strategic to the enterprise," said Vernon Turner, SVP and research fellow on the Internet of Things.

IoT awareness is gaining traction in the retail and manufacturing industries with 56% and 53% of respondents (respectively) showing high awareness of the IoT.

In addition, a full 58% of respondents consider the IoT a strategic initiative, with a further 24% viewing it as transformative.

The healthcare industry leads the field with 72% of respondents identifying IoT as strategic, followed by transportation and manufacturing at 67% and 66%, respectively. Government lags behind in overall awareness and often needs clarification around the IoT basics.

Results also show that security remains a leading challenge, but now upfront and ongoing costs have become the top challenges.

Also, while considered leaders in the IoT, hardware vendors have lost ground in 2015 as software vendors are overtaking equipment vendors.

Further, IoT processing at the edge of the network (compared to processing back at the enterprise) is a clear requirement and will challenge many IoT architecture designs.

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