A Vodafone survey has put Asia on the forefront of the internet of things (IoT)adoption, with 36% of the region’s businesses reportedly using connected devices in 2017, up 200% from 2013.
The global survey of business sentiment relating to investment and innovation in IoT showed that 77% of Asia’s businesses now see IoT as mission-critical to their business, with 88% of respondents reporting an increased use of IoT in the past year. Over half acknowledged that IoT has increased their market competitiveness.
When it came to optimism and the future, Asia’s message to the world was even clearer. Over 90% of businesses in the region believe IoT will have a sizeable impact on the wider economy in the next five years, while 79% believe IoT usage will rise as security and privacy concerns decline.
But how has IoT benefited businesses? According to the survey, topping the list of benefits were greater business insights, reduced costs and improved productivity. Asian businesses also reported improved brand differentiation (42%) and market competitiveness (53%), as compared to 35% in the Americas and 33% in Europe, respectively.
It may come as a surprise that Asian businesses tend to view IoT security more positively, rather than being a barrier to IoT deployment, giving them the confidence to do more. In fact, 86% of respondents saw security as an enabler of IoT deployment compared to 79% globally. Some 83% of businesses also claimed to have adequate skills to manage IoT security, ahead of Europe (70%) and the Americas (65%).
Article Credit: Computer Weekly
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source http://news.statii.co.uk/asia-is-pace-setter-in-iot/
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