Oct 16 2020 06:56 AM
Oct 16 2020 06:56 AM
If your business is already harnessing IoT, you likely believe IoT is critical to your long-term success. You are not alone. According to our latest annual report, IoT Signals edition 2 released today, 90 percent of decision makers now believe IoT is critical to their company’s success. The last six months have been tumultuous to say the least, however for many business decision makers it has actually accelerated their work towards a connected and secured future.
On our daily Microsoft Teams calls with customers and partners, we often say that it feels like a year’s worth of digital transformation is happening each and every month in 2020. For IoT, that transformation is providing near real-time visibility into physical assets and environments, enabling increased efficiency, reduced downtime, and keeping employees safe as they return to work during COVID-19.
Customers have shared that they are seeking guidance on what we see happening in IoT around the world in industries like Healthcare, Retail, Manufacturing, Oil and Gas, and Power and Utilities, and how other leaders are navigating rapid transformation.
We learned that looking ahead to the next two years, two out of three organizations are planning to use IoT even more than they do today; from connecting and securing factories, to enabling remote patient monitoring, to optimizing supply chains, and thousands of other scenarios. We’re also seeing a monumental shift in companies moving from simply connecting assets (for example manufacturing equipment), to connecting entire environments; the factories, supply chain, distribution network and more. This shift from connected assets to connected environments provides an order of magnitude increase in the value of IoT to a business.
During April, May, and June of this year, we sought to uncover the current and future trends of IoT to better serve our partners and customers around the world to develop their own IoT strategies. In IoT Signals edition 2, we learned from over 3,000 business and technical decision makers, and developers who are currently making decisions for IoT solutions at their organization. Here are five things to know about IoT in 2020: