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Survey reveals IoT trends, challenges, business impact

Posted: 04 Nov 2015 ?? ?Print Version ?Bookmark and Share

Keywords:Aeris? IoT? Internet of Things? enterprise?

Aeris has commissioned a survey indicating that executives are finding the Internet of Things (IoT) beneficial in reaching their business objectives and staying ahead of the competition, but it also showed that IoT's true potential has yet to be unleashed.

Aeris conducted the survey in partnership with research firm Vanson Bourne, polling 300 enterprise-IT decision makers from the U.S. and the U.K. in order to examine IoT's perceived impact on the business in the year ahead, as well as to determine how perspectives on IoT have evolved since a 2013 survey.

A clear majority of the respondents noted the positive impact of IoT for their organisations, with 74 per cent indicating they feel IoT provides them with the opportunity to better meet key business objectives and 71 per cent agreeing IoT will help them achieve a competitive edge.

Despite the consensus, there are some geographic differences in the responses. For example, 86 per cent of executives polled in the U.S. felt that IoT can help them meet business objectives, and just 51 per cent of executives polled in the U.K. felt the same way.

The continued growth of the IoT is not expected to slow down anytime soon and is causing concern for many organisations. For example, 72 per cent believe managing connectivity to reduce costs is a major priority, and 78 per cent feel connectivity, provisioning and device management will be a challenge for the upcoming year.

As more businesses are designing, building, buying, deploying and managing these complex networks of connected devices, today's enterprises are finding both information technology and operational technology teams are under increasing pressure. More devices may mean more challenges as 73 per cent of those surveyed said collecting, managing and storing data from device sensors is a challenge for the upcoming year. In fact, just 69 per cent feel they are effectively using analytics to gain visibility into IoT data.

When it comes to building the IoT device and the sensor hardware, 76 per cent still find this to be a challenge, a slight four per cent increase from a 2013 survey. Integration and interoperability are other significant areas of concern.

Enterprise and IoT remains to be a challenge

The survey noted 76 per cent also feel integrating IoT applications with enterprise-wide data and systems is an issue. Likewise, 75 per cent see developing the IoT application and enabling for different platforms to be a challenge. This was particularly true for smaller companies under 3,000 employees where 80 per cent feel it's a big undertaking.

The IoT environment is complex, evolving quickly and standards have not all been fully defined. In addition, there are multiple programming platforms, many connectivity options, growing security concerns, and the need to optimise power use further complicates the development and deployment of an IoT solution.

The build vs. buy argument on software development is front-and-centre when it comes to considering developing IoT applications. A majority of all companies noted (65 per cent) they are building IoT and M2M apps in-house, and 66 per cent of all larger organisations are taking this in-house for the year to come up from just 56 per cent in 2013.

- Drew Johnson

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