This story is from March 03, 2016
IoT to gain momentum in 2016: Gartner
NEW DELHI: The Internet of Things (IoT) will move towards mainstream adoption in 2016 for many industries, Gartner claims in its recent survey.
"2016 will be a very big year for IoT adoption. We are starting to see a wide range of IoT use cases across virtually all industries. But, the big challenge now is demonstrating return on investment. Executives need to validate the contribution that IoT can make in order to justify large-scale rollouts," said Chet Geschickter, research director, Gartner.
According to the survey findings, 29% of responding organizations are currently using IoT and 14% are planning to implement IoT in the coming 12 months, with an additional 21% planning to implement after 2016.
The survey was conducted among Gartner Research Circle Members and included responses from 465 IT and business professionals spanning 18 business sectors in North America, EMEA, Asia/Pacific and Latin America
In aggregate, the majority of organizations (64%) plan to eventually implement IoT. However, the study also revealed that 38% of the respondents have no plans to implement IoT, including 9% that see no relevance whatsoever in the technologies.
"While there is near universal acceptance of the importance of the IoT, less than a third of organizations surveyed were actively exploiting it," added Geschickter.
Explaining the cause, Geschickter said, "This is largely because of two reasons. The first set of hurdles are business-related. Many organizations have yet to establish a clear picture of what benefits the IoT can deliver, or have not yet invested the time to develop ideas for how to apply IoT to their business. The second set of hurdles are the organizations themselves. Many of the survey participants have insufficient expertise and staffing for IoT and lack clear leadership."
The survey also found that the biggest IoT technology challenges for those that have already implemented IoT are cybersecurity, integration and managing business requirements.
However, orchestration of workflows and processes looms as a major concern for those planning to implement IoT.
According to the survey findings, 29% of responding organizations are currently using IoT and 14% are planning to implement IoT in the coming 12 months, with an additional 21% planning to implement after 2016.
Read Also:
The survey was conducted among Gartner Research Circle Members and included responses from 465 IT and business professionals spanning 18 business sectors in North America, EMEA, Asia/Pacific and Latin America
In aggregate, the majority of organizations (64%) plan to eventually implement IoT. However, the study also revealed that 38% of the respondents have no plans to implement IoT, including 9% that see no relevance whatsoever in the technologies.
Explaining the cause, Geschickter said, "This is largely because of two reasons. The first set of hurdles are business-related. Many organizations have yet to establish a clear picture of what benefits the IoT can deliver, or have not yet invested the time to develop ideas for how to apply IoT to their business. The second set of hurdles are the organizations themselves. Many of the survey participants have insufficient expertise and staffing for IoT and lack clear leadership."
The survey also found that the biggest IoT technology challenges for those that have already implemented IoT are cybersecurity, integration and managing business requirements.
Comments
Be the first to share a thought and become theFirst Voiceof this News Article
Popular from Business
- Thrice rebuffed for US visa, Sanjay Mehrotra joins Satya Nadella and Sundar Pichai in the trillion-dollar club
- Air India, AI Express, IndiGo to slash 250 domestic flights a day
- Bengaluru said Swalpa Adjust Maadi for too long; Casagrand Moondance on Mysore road begs to differ
- Gaming companies face Rs 2.5 lakh crore hit as SC upholds GST
- Stock market holiday on Bakri Id: Are BSE, NSE closed for trading on May 28?
end of article
Trending Stories
- Shampoo, sacks and more: How is Middle East conflict making your groceries costlier?
- Bank holiday today: Are banks closed on May 28 for Bakri Eid? Check state-wise list
- Stock market holiday on Bakri Id: Are BSE, NSE closed for trading on May 28?
- 8th Pay Commission: Railway staff body seeks different fitment factors; here are their recommendations on salary hike
- Big milestone! Adani Power overtakes Infosys in market capitalisation; share rallies over 65% year-to-date
- Cabinet approves Rs 25,530 crore scheme to strengthen ration distribution system till 2031
- HDFC Bank shares drop 2% on reports of probe regarding Rs 45 crore interest payments; bank ‘strongly rejects’ claims
Photostories
- These 5 unusual animals also produce milk, and the internet is surprised
- All about Matthew Perry and Jennifer Aniston’s bond: From acquaintances, to co-workers, and lifelong friends
- The Giant Amazonian Centipede is straight out of a horror movie
- 4 personality traits of Meryl Streep that make her a legendary actor and a timeless star
- The Indian destinations emerging as alternatives to Bali and Maldives
- 5 things Vastu says you should remove from your home immediately
- What is seagulling? The toxic dating trend keeping you emotionally trapped
- What makes Tom Cruise stand out? 7 personality traits worth adopting
- 6 effective conflict resolution strategies parents can teach at home and why they are important
- From Ajay Jadeja’s palatial heritage bungalow to Hardik Pandya’s luxury penthouse: Indian cricketers who own lavish crore-worth homes in Gujarat
Up Next
Follow Us On Social Media