According to new research from CompTIA, 80% of IT industry executives have made an effort to recognise prospects brought forward by the Internet of Things (IoT), while a third expect these technologies to boost productivity in the next 24-36 months.
The sector is gaining attention and traction among public and private sector organisations that are looking to boost connectivity. Despite this, 53% of respondents argue that the hype surrounding the industry is excessive.
CompTIA research and market intelligence senior vice president, Tim Herbert, said, “The data points to IoT advances on many fronts, but also confirms that like many markets for emerging technologies, it will take time for IoT to develop. Many facets of IoT – standards, governance, security and privacy issues, skilled workers and other matters – need to fall into place before the market can truly blossom.”
The survey found that 42% of respondents expect the IoT to generate new value from connected systems while 46% anticipate collection of new avenues of data. The IoT is also anticipated to manage and supervise new connected devices or systems, according to 53% of respondents while 46% expect the technology to infuse intelligence into “dumb” devices or systems.
On the whole, the IoT is expected to have an impact across the economy and will be utilised in private and government organisations.
Interested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.