{"id":30447,"date":"2017-07-10T17:30:12","date_gmt":"2017-07-10T17:30:12","guid":{"rendered":"https:\/\/www.cloudcomputing-news.net\/news\/2017\/jul\/10\/73-are-using-internet-of-things-data-to-improve-their-business\/"},"modified":"2017-07-10T17:30:12","modified_gmt":"2017-07-10T17:30:12","slug":"how-three-in-four-organisations-are-using-internet-of-things-data-to-improve-their-business","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/how-three-in-four-organisations-are-using-internet-of-things-data-to-improve-their-business\/","title":{"rendered":"How three in four organisations are using Internet of Things data to improve their business"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.cloudcomputing-news.net\/media\/iStock-629677830_2.jpg\"><\/p>\n<ul>\n<li>According to the Cisco Visual Networking Index, M2M connections will represent 46% of connected devices by 2020.<\/li>\n<li>95% of execs surveyed plan to launch an IoT business within three years.<\/li>\n<\/ul>\n<p>These and many other insights are from the recently published Cisco Internet of Things (IoT) study,&nbsp;<a href=\"https:\/\/www.slideshare.net\/CiscoBusinessInsights\/journey-to-iot-value-76163389\" rel=\"noopener\" >The Journey to IoT Value: Challenges, Breakthroughs, and Best Practices<\/a>&nbsp;published on&nbsp;<a href=\"https:\/\/www.slideshare.net\/\" rel=\"noopener\" >SlideShare<\/a>&nbsp;last month. The study is based on a survey of 1,845 IT and business decision-makers in the United States, UK, and India. Industries included in the analysis include manufacturing, local government, retail\/hospitality\/sports, energy (utilities\/oil &amp; gas\/mining), transportation, and healthcare. All respondents worked for organizations that are implementing or have completed IoT initiatives. 56% of all respondents are from enterprises.<\/p>\n<p>Key takeaways from the study include the following:<\/p>\n<h3><strong>73% are using Internet of Things data to improve their business<\/strong><\/h3>\n<p>The data and insights gained from IoT are most often used for improving product quality or performance (47%), improving decision-making (46%) and lowering operational costs (45%). Improving or creating new customer relationships (44%) and reducing maintenance or downtime (42%) are also strategic areas where IoT is making a contribution today according to the Cisco study.<\/p>\n<p><a href=\"http:\/\/blogs.forbes.com\/louiscolumbus\/files\/2017\/06\/73-Using-data-from-IoT-Projects-To-Improve-Their-Business.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12685 aligncenter\" src=\"https:\/\/i1.wp.com\/blogs.forbes.com\/louiscolumbus\/files\/2017\/06\/73-Using-data-from-IoT-Projects-To-Improve-Their-Business.jpg\" alt=\"gghhiui8\" width=\"1182\" height=\"614\" \/><\/a><\/p>\n<h3><strong>IT executives often see IoT initiatives as more successful (35%) than their line-of-business counterparts (15%)<\/strong><\/h3>\n<p>With IT concentrating on technologies and line-of-business users focused on strategy and business cases, the potential exists for differences of opinion regarding IoT initiatives&rsquo; value. The following graphic provides an overview of how stark these differences are.<\/p>\n<p><a href=\"http:\/\/blogs.forbes.com\/louiscolumbus\/files\/2017\/06\/IT-and-Business-Perceptions-Vary.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12679 aligncenter\" src=\"https:\/\/i2.wp.com\/blogs.forbes.com\/louiscolumbus\/files\/2017\/06\/IT-and-Business-Perceptions-Vary.jpg\" alt=\"asasddef\" width=\"1197\" height=\"668\" \/><\/a><\/p>\n<h3><strong><br \/>Engaging with the IoT partner ecosystem in every phase of a project or initiative improves the probability of success<\/strong><\/h3>\n<p>The most valuable phases to engage with ecosystem partners include strategic planning (60%), implementation and deployment (58%) and technical consulting or support (58%). The following graphic provides an overview of most and less successful organizations by their level of involvement in the IoT partner ecosystem.<\/p>\n<p><a href=\"http:\/\/blogs.forbes.com\/louiscolumbus\/files\/2017\/06\/IoT-Partner-Ecosystem.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12680 aligncenter\" src=\"https:\/\/i1.wp.com\/blogs.forbes.com\/louiscolumbus\/files\/2017\/06\/IoT-Partner-Ecosystem.jpg\" alt=\"dfdsfdsfds\" width=\"1195\" height=\"669\" \/><br \/><\/a><br \/>Other statistics:<\/p>\n<ul>\n<li><strong>Only 26% of all companies are successful with their IoT initiatives.<\/strong>&nbsp;The three best practices that lead to a successful IoT implementations include collaboration between IT and business, the availability of internal and external partnerships to gain IoT expertise; and a strong technology-focused culture.<\/li>\n<li><strong>60% of companies believe IoT projects look good on paper but prove more complex that expected.<\/strong>&nbsp;This finding underscores how critical it is for IT and line-of-business executives to have the same goals and objectives going into an IoT project. Being selective about which integration, technology, and professional services partners are chosen needs to be a shared priority between both IT and line-of-business executives.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>According to the Cisco Visual Networking Index, M2M connections will represent 46% of connected devices by 2020.<br \/>\n95% of execs surveyed plan to launch an IoT business within three years.<\/p>\n<p>These and many other insights are from the recently published Ci&#8230;<\/p>\n","protected":false},"author":56,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30447","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/30447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=30447"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/30447\/revisions"}],"predecessor-version":[{"id":30448,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/30447\/revisions\/30448"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=30447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=30447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=30447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}