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IOT to drive digital transformation plans

A huge portion of enterprise respondents said large internet/cloud service providers like Amazon Web Services (AWS), Microsoft Azure and Google Cloud were their primary IOT providers

To drive their digital transformation plans across multiple areas of their organisation, 90 per cent of enterprises are banking on the new generation of technologies such as Internet of Things (IOT), according to ICT research group Omdia’s 2021 IOT Enterprise survey.

Also, as 73 per cent of respondents said their projects were either in full deployment or in trial/Proof of Concept (POC) stage, rising 4 per cent annually, IOT deployments are maturing within organisations.

Consequently, the number of projects has increased by 25 per cent on-year, and now almost 40 per cent of enterprises are deploying over five IOT projects within their organisation, while only a small percentage of them are deploying single use-case projects, the findings showed.

Within organisations, the growth of project deployments correlates with a rise in investment in technology. 38 per cent of respondents said, in 2021, their organisation’s investment in Internet of Things will exceed $1 million.

However, with data network and device security being the number one challenge to IOT adoption within enterprise organisations, enterprises’ security concerns associated with the technology has risen by 13 per cent to 53 per cent on-year.

Over the past year, data protection/governance concerns rank second, growing by almost 20 per cent from 31 per cent to 50 per cent.

Interestingly, the findings observed enterprise security concerns to be evenly split across four key factors, with 23 per cent stating that lateral breaches caused by Internet of Things network or device compromise could enable an outsider to access other devices/resources, while Internet of Things device authentication/identity breaches rank second (22 per cent), ransom-ware demand ranked third (20 per cent) and DDOS attacks ranked fourth (19 per cent).

As 31 per cent of enterprises stated that having integrated IOT security solutions was essential, these security concerns reflect in the enterprise’s choice of supplier.

A huge portion of enterprise respondents said large internet/cloud service providers like Amazon Web Services (AWS), Microsoft Azure and Google Cloud were their primary IOT providers.

However, almost 46 per cent of enterprises stated they are using multiple suppliers, up 9 per cent on-year for their deployment needs.

“Serious concerns around security, data privacy, and governance still remain within many organizations. Over the next year as more enterprises see first-hand the direct correlation between IOT deployment and business efficiencies we expect IOT deployments to continue to accelerate”, highlighted Josh Builta, Director of Research, Internet of Things and Artificial Intelligence at Omdia.

Also read:Robots becoming an important part of the marketing industry

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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