IoT Going Gangbusters Says Microsoft
Microsoft has released the results of a survey of 3000 enterprise decision makers saying it shows IoT adoption widespread growing and – by and large – successful.
“The enthusiasm for IoT adoption is global and it also crosses industries” Microsoft said. “Eighty-five percent of respondents reported at least one IoT project in either the learning proof of concept purchase or use phase with many reporting they have one or more projects currently in ‘use’. … Adoption is projected to ease by nine points over the next two years meaning 94 percent of businesses will be using IoT by the end of 2021.”
Respondents adopting IoT anticipated a 30 percent ROI within two years and said in the next two years AI edge computing and 5G would be critical technological drivers for IoT success.
“Once organisations adopt IoT the top benefits align with the reasons they adopted” Microsoft said.
“Companies experience eased efficiency (91 percent) yield (91 percent) and quality (85 percent). Enterprise companies are quickly starting to see how IoT can deliver a return on investment by easing productivity and production capacity reducing business expenses and lowering the chances of human error.”
On the – side Microsoft said: “IoT is not without challenges. Both for companies striving to get IoT projects off the ground and for companies looking to use IoT more the roadblocks are often the same: complexity and technical challenges security concerns and lack of talent and training.”