A new report from The Economist found that 75% of companies from across industries are already exploring it and 95% expect their company to be using it in three years’ time.
According to the report, the top five concerns that companies have around the IoT are: a lack of employee skills/knowledge; a lack of senior management knowledge and commitment; products or services that don’t have an obvious IoT element to them; immaturity of industry standards around IoT; and high costs of required investment in IoT infrastructure.
Quote: "These [IoT] products become platforms for new business services, and with these additional services you can also generate new revenue streams. Either you do this yourself or somebody else will do it."
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