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Internet of Things: Software Leading Hardware in IoT Innovation
Internet of Things (IoT) is predicted to break the $7-trillion mark over next five years. 50 billion new IoT connected devices are expected to go online over the next five years.
According to a new IDC survey, three-quarters of business decision makers have either already deployed IoT or have plans to do so in the next 12 months.
Vernon Turner, senior vice-president at IDC, said that “momentum continues to grow and … [and IoT is increasingly] seen as strategic to the enterprise.”
Findings from the IDC survey include:
- Security is a leading challenge for businesses, but even more so are the upfront and ongoing costs of achieving security.
- Software vendors, rather than hardware vendors, actually were more aggressive in leading IoT in 2015
- IoT happening “at the edge of the network”, not at the enterprise, will become a requirement that will be difficult to meet with an IoT architecture design
Industries that are showing the most interest in IoT technology are:
- 72 percent – Health Care
- 67 percent – Transportation
- 66 percent – Manufacturing
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[…] Internet of Things: Software Leading Hardware in IoT Innovation Internet of Things (IoT) is predicted to break the $ 7-trillion mark over next five years. 50 billion new IoT connected devices are expected to go online over the next five years. According to a new IDC survey, three-quarters of business decision makers … Read more on Formtek Blog (blog) […]