Gartner: “IoT to make an impact over next three years”

IMG-CAPA-IOTMore than 40 per cent of organisations expect the Internet of Things (IoT) to transform their business or offer significant new revenue or cost-savings opportunities in the short term (over the next three years), rising to 60 per cent in the long term (more than five years), according to a recent survey by Gartner, Inc. However, those surveyed said that many of their organisations have not established clear business or technical leadership for their IoT efforts.

The survey, carried out in October 2014 amongst Gartner Research Circle Members (a Gartner-managed panel), was composed of 463 IT and business leaders who had knowledge of their organisation’s IoT strategy.

“The survey confirmed that the IoT is very immature, and many organisations have only just started experimenting with it,” said Nick Jones, vice president and distinguished analyst at Gartner. “Only a small minority have deployed solutions in a production environment. However, the falling costs of networking and processing mean that there are few economic inhibitors to adding sensing and communications to products costing as little as a few tens of dollars. The real challenge of the IoT is less in making products ‘smart’ and more in understanding the business opportunities enabled by smart products and new ecosystems.”


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