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Nearly nine in 10 (86%) organizations in In Asia-Pacific will have some form of IoT in place by 2019, according to results of a survey from Hewlett Packard Enterprise’s Aruba.
Organizations across the enterprise, industrial, healthcare, retail and municipality sectors globally are adopting IoT to leverage the business benefits of enhanced efficiency and innovation, the research shows.
But Aruba’s study warns that connecting thousands of things to existing business networks will open up new security challenges.
The research also found that although 97% of the 1,150 respondents from Asia-Pacific (Australia, China, India, Japan, Singapore, and South Korea) have an understanding of IoT, many are still unclear of the exact definition of IoT and what value it brings to their organizations.
In his new eBook, ‘Making Sense of IoT’, commissioned by Aruba, technology visionary Kevin Ashton—who coined the term ‘Internet of Things’— presents the following definition: “The ‘Internet of Things’ means sensors connected to the internet and behaving in an internet-like way by making open, ad hoc connections, sharing data freely and allowing unexpected applications, so computers can understand the world around them and become humanity’s nervous system.”
When examining the business benefits of IoT, Ashton discovered that actual gains from IoT exceeded initial expectations on all fronts. In Asia Pacific, this ‘expectations dividend’ is most evident in two key performance areas: profitability and business efficiency.
For instance, 35% of business leaders cited significant profit increases after deploying IoT, a 20% increase from those who projected a large profit gain from their IoT investment (15%).
Similarly, while 39% of executives expected their IoT strategies to yield huge business efficiency improvements, actual results show that more than half of those who implemented IoT (51%) has experienced great business efficiency gains.
“With the business benefits of IoT surpassing expectations, it’s no surprise that the business world will move towards mass adoption by 2019,” said Chris Kozup, VP of marketing at Aruba. “But with many executives unsure of how to apply IoT to their business, those who succeed in implementing IoT are well positioned to gain a competitive advantage.”