Are IoT Investments Finally Paying Off?

By Tony Kontzer
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    Are IoT Investments Finally Paying Off?

    Are IoT Investments Finally Paying Off?

    This internet of things report states that the technical hurdles have been overcome, and businesses are starting to get real payoffs from their IoT investments.

The internet of things has consistently generated a lot of hype. While the business potential of connecting billions of devices and objects with each other has been irresistible to many companies, the technical hurdles that must be overcome before actually getting positive results from IoT investments have been significant. However, recent survey findings from telecommunications provider Vodafone indicate that the barriers have been largely overcome, and businesses are starting to reap the benefits. In fact, according to the fourth annual "2016 Vodafone IoT Barometer report," companies are seeing their IoT activities fuel revenue growth, and, as a result, they are increasing their IoT spend. "We've moved from simply adopting internet of things technologies to realizing the true business value that IoT can bring to organizations," said Andrew Morawski, Vodafone's head of IoT for the Americas. "Whether it's connected supply chains for manufacturers, smart office capabilities for employees, or a connected home for consumers, businesses are seeing significant results from their IoT deployments, changing the way they do business and even facilitating new partnerships to serve customers in new ways." The report is based on independent research conducted with nearly 1,100 executives.

This article was originally published on 2016-08-22
Tony has been writing about the intersection of technology and business for more than 20 years and currently freelances from the Grass Valley, Calif., home where he and his wife are raising their two boys. A 1988 graduate of the University of Missouri-Columbia School of Journalism and regular contributor to Baseline since 2007, Tony's somewhat infrequent Twitter posts can be found at http://twitter.com/tkontzer.
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