The study, sponsored by Arm and carried out by the EIU, involved 850 large and medium-sized enterprises with combined annual revenues of more than $500bn.
The study concludes the previous crawl into Internet of things (IoT) technology has given way to rampant confidence – leading to accelerating investment, stronger returns and a faster move through early stages into extensive deployment.
Key findings include:
- 58% of companies are now deploying IoT technologies for internal use
- 45% of companies are using IoT as part of their external product and services strategy
- 57% of companies say they’ve seen stronger returns on IoT investments than they expected
For more information, read the full EIU’s IoT Business Index 2020 now.
