IoT Skills Update
By 2020 it is anticipated that there will be 20 billion connected IoT devices.
Microsoft recently released their IoT Signals report. The results of a 20-minute online survey conducted with over 3,000 decision makers at enterprise companies currently involved in IoT. The research included business decision makers (BDMs), IT decision makers (ITDMs), and developers from a range of industries such as manufacturing, retail/wholesale, government, transportation, healthcare, and more across the globe.
According to the research the top three reasons for commercial IoT adoption included:
Safety and Security
Research indicated that 88% per cent of respondent’s credit IoT as critical to their success and believe they will see a 30% ROI on their IoT projects going forwards.
Despite the strong growth expectations however, only 33 per cent of current adopters feel that their company has adequate workers and resources to see their projects through to realisation. Furthermore, for those with limited support, more projects fail in POC due to limited technology and scaling challenges.
The top three IoT challenges were listed as:
Complexity/ Technical Issues
Lack of Knowledge
Lack of Budget/ Staff Resources
But, even companies with inadequate resourcing are determined to use IoT more in the future. With 75% indicating they intent to increase future implementations.