Survey Methodology and Participant Demographics
In January 2015, technology and business stakeholders with responsibility for Internet of Things (IoT) projects were invited to participate in an online survey on the topic of leveraging data captured by the devices that make up the Internet of Things. Participants were asked a series of questions about their role in IoT projects, as well as business goals, challenges, and use of data.
A total of 203 individuals participated in the survey. All had professional responsibility for IoT projects. Participants represented a wide range of geographies, company sizes, role, and vertical industries.
IoT projects vary wildly – but all have challenges
When any device has the potential to be connected, the possibility for impact is immense. Opportunities to deliver business value range from truly innovative devices that create completely new markets and business models, to the more mundane but high value solutions that deliver cost and efficiency benefits by simplifying existing processes.
IoT not delivering full potential because of data challenges
Any new technology brings challenges, and IoT projects have been no exception. Almost all IoT stakeholders (96%) report facing challenges. The main challenges reported are around business processes and policies (58%) followed by user adoption of new technology (51%).
Several participants took the time to document “Other” challenges that they face. These included identifying and selecting appropriate platforms, pace of change, lack of standards, and a lack of understanding and consistency across internal and external stakeholders including vendors.
Better IoT data collection and analysis would deliver more value
IoT stakeholders do think better IoT data capture would have a positive impact. The majority, 92%, reported that they would see benefit if they captured and stored their IoT data faster and more cost effectively, with the ability to make better decisions the most frequently expected benefit (70%).
The goal of the survey was to understand experiences and impacts of using the data captured by the devices that make up the Internet of Things. Read the report "Big Data Meets the Internet of Things: A Survey of IoT Stakeholders" to learn more.