IoT is the ‘new industrial revolution

IoT is the ‘new industrial revolution,’ says Vodafone

IoT is the ‘new industrial revolution,’ says Vodafone

Globally, 63 percent of companies involved in Internet of Things projects are “seeing significant returns on investment,” says Britain-based telco Vodafone.

The supplier and network recently published its annual state-of-the-IoT industry report that it calls an IoT barometer. Vodafone interviewed 1,100 business executives around the world via Machina Research to try to gauge companies’ participation in IoT.

Budgets are increasing, the vendor says. Almost all companies (89 percent) say they are increasing IoT spend, with many (76 percent) believing the tech genre “will be critical to their success,” the report says.

“IoT is being used to drive business change,” according to the report. Incredibly, 37 percent of those businesses that have adopted IoT say they now run their entire business on it. Almost half (48 percent) believe their use of IoT will “support large-scale business transformation.”

Other findings include that there is now a synergy between IoT and “cloud, mobile, analytics and Enterprise Resource Planning (ERP).”

Read Also:
Are you still struggling with your data?

ERP is management software that enterprises use for administrative tasks, such as those related to technology and human resources.

That synergy is manifested through 90 percent of IoT “adopters” integrating IoT with cloud and so on. And that shows in the budgets. IoT spending makes up 24 percent of IT budgets, whereas cloud and hosting are close to that with 23 percent. Analytics comes in at 22 percent, and mobility is at 23 percent. All even, then.

Vodafone Group owns, operates and partners mobile networks in numerous countries, but it also has a telco and IT services arm called Vodafone Global Enterprise, which is involved in IoT. That division produced the report, which is its fourth annual.

 



Data Science Congress 2017

5
Jun
2017
Data Science Congress 2017

20% off with code 7wdata_DSC2017

Read Also:
Bright Outlook for Smart Cities

AI Paris

6
Jun
2017
AI Paris

20% off with code AIP17-7WDATA-20

Read Also:
Artificial Intelligence Tech Will Arrive in Three Waves
Read Also:
Simulations figure out way to generate $27 trillion in benefits for US Healthcare

Chief Data Officer Summit San Francisco

7
Jun
2017
Chief Data Officer Summit San Francisco

$200 off with code DATA200

Read Also:
How Big Data is helping sports teams find the winning edge

Customer Analytics Innovation Summit Chicago

7
Jun
2017
Customer Analytics Innovation Summit Chicago

$200 off with code DATA200

Read Also:
Getting the business of Big Data ‘right’

HR & Workforce Analytics Innovation Summit 2017 London

12
Jun
2017
HR & Workforce Analytics Innovation Summit 2017 London

$200 off with code DATA200

Read Also:
Are you still struggling with your data?

Leave a Reply

Your email address will not be published. Required fields are marked *