451 Research: Seven in 10 enterprise IT buyers collecting IoT data

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More than seven in 10 enterprises polled by analyst firm 451 Research say they are gathering IoT data – but security and a perceived lack of return on investment remain major stumbling blocks.

The company’s latest figures, which come from the most recent Voice of the Enterprise: Internet of Things Organisational Dynamics survey, polled almost 1,000 enterprise IT buyers and found the number of firms looking at IoT data went up to its highest number, up three percentage points from the previous quarter.

The analyst firm noted that the primary IoT deployments and usage will come from data and transactional intensive workload categories, such as data analytics and security, while data collection and financial, healthcare and industrial analysis were also cited.

Not surprisingly, security concerns were considered the biggest drawback for enterprise IoT initiatives, with half of respondents citing it as the primary impediment. Lack of return on investment was cited by 41% of those polled. Another concern was a potential skills shortage in the sector; 46% of respondents admitted they were having trouble filling IoT-related positions.

“When it comes to IoT adoption, pragmatism rules,” said Laura DiDio, research director at 451 Research. “The survey data indicates enterprises currently use IoT for practical technology purposes that have an immediate and tangible impact on daily operational business efficiencies, economies of scale and increasing the revenue stream.”

Yet the future looks brighter; the research also found 90% of enterprises will increase their IoT spending over the next 12 months, while 42% of respondents say they use IoT data to develop new products, or enhance existing products and services.

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