451 Research: 71 per cent of enterprises now capturing data for IoT
451 Research’s latest Voice of the Enterprise: Internet of Things (IoT) Organizational Dynamics survey reveals that 71 per cent of enterprises are gathering data for IoT initiatives. This is a three-percentage point increase from the previous quarter’s Voice of the Enterprise: IoT Workloads and Key Projects survey.
Security remains a concern, with 50 per cent of respondents citing it as the top impediment to IoT deployments, the company notes. This was followed closely by 41 per cent who cited IoT’s lack of perceived Return on Investment (ROI) and benefits.
Nonetheless, organizations are “forging ahead with IoT initiatives and opening their wallets to support IoT deployments”. Enterprise IT respondents with IoT initiatives underway expect their mean IoT-related spending to grow by 33 per cent over the next 12 months, the survey found.
451 Research’s latest study also indicates that IoT deployments and usage will be particularly strong in enterprise initiatives around data and transactional intensive workload categories, such as data analytics and security.
Furthermore, there is a significant portion of IoT transitions occurring organically as Enterprises’ IT systems, networks and infrastructures are becoming IoT-enabled by intelligent sensors and predictive analytics capabilities embedded in IT equipment, such as semiconductors, motherboards, devices (e.g., cameras and HVAC systems), servers, applications, smartphones, switches and routers.
The survey reveals that “data analytics is playing an increasingly crucial role in delivering value to IoT ecosystems with 69 per cent of respondents using data from IoT endpoints (e.g., security and compliance) to reduce risk”.
Based on research conducted in August through October 2016 with nearly 1000 enterprise IT professionals worldwide, the quarterly study combines 451 Research’s analysis with survey responses and interviews from a panel of more than 48,000 senior IT buyers and enterprise technology executives.
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