Is IoT vital for the future success of businesses?

2020-10-05 04:30

The report features responses from 1,639 businesses globally, exploring how they are using IoT and how IoT is helping them be ready for the future.

As a result, 84% of adopters now view the integration of IoT devices with workers as a higher priority and 73% of businesses considering IoT agree the pandemic will accelerate their adoption plans.

IoT data is becoming essential to support businesses' decision-making and 84% of adopters think they can do things they couldn't do before thanks to IoT. And IoT data is also helping 84% of businesses meet their sustainability goals.

Businesses see IoT as an essential element of being future ready.

While cybersecurity was one of the main barriers to business' willingness to adopt IoT in previous years, the IoT Spotlight 2020 sees the concerns significantly reducing, with only 18% of businesses seeing it as one of the top-three barriers to IoT adoption.

News URL

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