The Internet of Things is no longer a technology of the future. Instead, it’s here and now.
A survey recently commissioned by Microsoft finds that 85% of organizations have at least one IoT project underway now. Of these, 88% says IoT tech is critical to their organization’s success. And 94% expect to use IoT in the next 2 years.
“IoT is often a gateway for businesses going through digital transformation — not the end, but rather just the beginning,” says Microsoft’s director of Azure IoT, Sam George. “IoT is becoming mainstream.”
To be fair, the survey base included only decision-makers at large organizations involved with IoT. So the results may skew high in favor of IoT adoption.
Still, the agency that conducted the survey for Microsoft, Hypothesis Group, reached an impressive base: more than 3,000 decision-makers in 6 countries — China, France, Germany, Japan, the UK, and the United States.
Top survey results
Here are the top findings from Microsoft’s new survey report, released just this week:
> Top 5 reasons for adopting IoT: operations optimization (cited by 56%); employee productivity (47%); safety and security (44%); supply-chain management (40%); and quality assurance (also 40%).
> Top 3 benefits of IoT adoption: efficiency (cited by 91%); yield (also 91%); and quality (85%).
> Top 3 challenges of IoT implementation: complexity/technical issues (cited by 38%); lack of budget/staff resources (29%); lack of knowledge (also 29%).
> Top 4 reasons for failure with an IoT proof-of-concept (POC): high cost of scaling (cited by 32%); unclear business value or return on investment (28%); hard to justify business case due to no short-term impact (26%); and no clear strategy (25%).
> Top IoT use cases by industry: As you can see, they vary quite a lot, depending on an industry's priorities:
> Manufacturing: industrial automation; quality and compliance; production planning and scheduling.
> Retail/wholesale: supply-chain optimization; inventory optimization; surveillance and security.
> Transportation: fleet management; security, surveillance and safety; manufacturing operations efficiency.
> Government: public safety; infrastructure and facilities management; regulations and compliance management.
> Healthcare: tracking patient, staff and inventory; remote-device monitoring and service; remote-health monitoring and assistance.
The large organizations included in this survey are probably more engaged with IoT than your typical SMB customer. Still, as IoT becomes part of the business mainstream, it’s likely to soon become your thing too.
Learn more: Download the full 80-page Microsoft survey report, IoT Signals (PDF)