Strong ROI, Increased Innovation Fuel IoT Adoption

By Dennis McCafferty
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    Strong ROI, Increased Innovation Fuel IoT Adoption

    Strong ROI, Increased Innovation Fuel IoT Adoption

    IoT adoption is boosting the efficiency of business and IT teams, increasing opportunities for innovation, improving profits and creating new market growth.

With the majority of organizations having introduced internet of things (IoT) devices and sensors into the workplace, companies are reporting ROI that impressively extends well into double-digit territory, according to a recent survey from Aruba, a Hewlett Packard Enterprise company. The accompanying report, "The Internet of Things: Today and Tomorrow," reveals that IoT adoption is boosting the efficiency of both business and IT teams. It's increasing opportunities for innovation, while expanding organization-wide visibility. And, in terms of financial impact, it's improving profits and creating prospects for new market growth. There are, however, challenges that present obstacles to continued success, including the threat of IoT-related cyber-breaches and an inability to create analytics-driven value from IoT data. "With the business benefits from IoT surpassing expectations, it's no surprise that the industry will move toward mass adoption by 2019," said Chris Kozup, vice president of marketing at Aruba. "But with many executives unsure of how to apply IoT to their business, those who succeed in implementing IoT to transform their organization are well-positioned to gain a competitive advantage. … Scale and complexity, proper security methodologies to protect the network and devices, and, more importantly, the data and insights they extract, must also keep pace." An estimated 3,100 global IT and business decision-makers took part in the research.

This article was originally published on 2017-03-15
Dennis McCafferty is a freelance writer for Baseline Magazine.
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