Adoption of IoT - Global Trends

March 2016

21 Mar 2016
How the Internet of Things is transforming digital marketing
MARCH 21, 2016
by Ryan Begley
Product Manager IoT Division - Connected Products, IBM
Follow me on LinkedIn, Twitter
http://www.ibmbigdatahub.com/blog/how-internet-things-transforming-digital-marketing

Potential of IoT
IBMBigDataHub Article
14 March 2016
http://www.ibmbigdatahub.com/blog/how-are-you-harnessing-your-internet-things-potential


11 Mar 2016

General Motor acquiring driverless car company Cruise spending around $1 billion.
https://iotworldnews.com/2016/03/general-motors-cranks-iot-strategy-up-a-gear-with-cruise-acquisition/

10 IoT Technologies Every CIO Needs To Understand

By Nick Jones
Gartner, Inc.
11 March 2016
http://www.forbes.com/sites/gartnergroup/2016/03/11/10-iot-technologies-every-cio-needs-to-understand/#323e0cf5290b

Manufacturing to invest $80 Billion in IoT in 2020
There are 18 business sectors under analysis.  $1 trillion is the estimated total spend in 2020.
http://www.businessinsider.com/internet-of-things-in-manufacturing-2016-2?IR=T


Quick History of the Internet of Things..
by Bill McCabe
Published on 03-09-2016
http://www.semiwiki.com/forum/content/5559-quick-history-internet-things.html

Gartner Survey Shows That 29% are using  currently and 14% plan to use IOT in 2016 

Thus 43 Percent of Organizations will Implement the Internet of Things by end of  2016

Current IoT Adoption Varies Widely By Industry

The Internet of Things (IoT) will move toward mainstream adoption in 2016 for many industries, according to the findings of a recent survey by Gartner, Inc. The online survey was conducted in November 2015. It has responses from 465 IT and business professionals spanning 18 business sectors in North America, EMEA, Asia/Pacific and Latin America.

29 percent of responding organizations are currently using IoT. An additional 14 percent are planning to implement IoT in the coming 12 months.  A further additional 21 percent planning to implement after 2016.  In aggregate, the majority of organizations (64 percent) plan to eventually implement IoT. However, it is also important to note that another 36 percent have no plans to implement IoT, including 9 percent that see no relevance whatsoever in the technologies.


Hurdles:  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 organizational skills to understand and assess IoT.  Many of the survey participants have insufficient expertise and staffing for IoT.

Industry adoption also varies widely with heavy industries such as utilities, oil and gas, and manufacturing leading adoption, and service-oriented light or "weightless" industries lagging. Gartner estimates that slightly more than half (56 percent) of businesses in asset-intensive "heavy" industries will have implemented IoT by the end of 2016, and approximately one-third (36 percent) of "light" or "weightless" will do so.


 For those organizations that have already implemented IoT, the focus has been on internal operational improvements over external customer-facing objectives. To date, the primary business case for IoT is internally focused, namely improved efficiencies, cost savings and enhanced asset utilization (52 percent of total) versus the externally facing IoT benefits of enhancing customer experience or increasing revenue (40 percent).


The survey shows a dramatic jump in focus on customer experience, doubling in nominal terms from 18 percent to 34 percent. This indicates that we can expect a much higher IoT focus on end customers during the next 12 months. In effect, IoT programs and processes will become competitive marketplace weapons starting in 2016 in more number of companies.

The survey 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.
2016 will be a very big year for IoT adoption. A wide range of IoT use cases  are seen  virtually in all industries. But, the big challenge now is demonstrating return on investment. Executives need to validate the contribution that IoT has made in pilot projectyd in order to justify large-scale rollouts.

Additional information is available in the Gratner report "Survey Analysis: Early Adopters of Internet of Things Poised to Make 2016 the Year of the Customer." More information on IoT implementation can be found in the Gartner Special Report "The Internet of Things," which looks at the necessary steps to building and rolling out an IoT strategy.

http://www.gartner.com/newsroom/id/3236718