Enterprise IoT: What’s the State of Play?
The enterprise, however, is shaping up to be one of fiercest arenas, and IoT adoption, which has been somewhat slow, is expected to rise significantly in the coming years.
The benefits of IoT devices for consumers is clear, as it’s easy to decide if the benefits of a particular device are worth the cost. Industrial entities have embraced the IoT as well, as the field already relies on sensors and it’s easy to predict the benefits of IoT investments. For enterprises, on the other hand, it’s not as easy to tell whether investing heavily in IoT devices will pay off in the future. This has led to sluggish adoption, as executives have been reluctant to invest heavily without strong evidence that the IoT will improve the bottom line.