Enterprises Super Excited About IoT

Enterprises Super Excited About IoT

Corporations are pretty stoked about the Internet of Things, if a new survey by QuinStreet Enterprise is any indication.

The survey of QuinStreet Enterprise readers – which includes Webopedia – attracted more than 600 responses in a matter of days, the most enthusiastic response to date to a QuinStreet Enterprise survey.

IoT Will Have Huge or Considerable Impact

Seventy percent of respondents believe that IoT will have a “huge” or “considerable” impact on their industry over the next five years (see graphic below). Over the next three years, IDC expects IoT sales to double to more than a billion-dollar market, so the enthusiasm is backed by real money.

IoT Industry Impact

Motivators for Exploring IoT

Surprisingly, the biggest driver of IoT may be that companies want to appear innovative to their customers. “Innovation” was the primary motivator for exploring IoT adoption, with enhancing the customer experience the top perceived benefit (see next two graphics).

Iot Motivators

For those early adopters already using IoT technology – about 15 percent of respondents, with another 14 percent in progress – corporate interests appear to be driving adoption more than IT or engineering interests.

Only 19 percent of respondents aren’t considering IoT adoption, but for all respondents, security concerns are the biggest obstacle to IoT adoption, followed by competing priorities.

IoT Benefits

And in a bit of good news for content sites like Webopedia, technology content sites were by far the most important source of information on IoT, with 60 percent of respondents rating them highly, a good 20 points higher than the next most important information source, which was peers and colleagues.

The full report can be downloaded (registration required).

This article was originally published on June 23, 2016

Webopedia Staff
Webopedia Staff
Since 1995, more than 100 tech experts and researchers have kept Webopedia’s definitions, articles, and study guides up to date. For more information on current editorial staff, please visit our About page.
Get the Free Newsletter
Subscribe to Daily Tech Insider for top news, trends & analysis
This email address is invalid.
Get the Free Newsletter
Subscribe to Daily Tech Insider for top news, trends & analysis
This email address is invalid.

Related Articles

Complete List of Cybersecurity Acronyms

Cybersecurity news and best practices are full of acronyms and abbreviations. Without understanding what each one means, it's difficult to comprehend the significance of...

Human Resources Management System

A Human Resources Management System (HRMS) is a software application that supports many functions of a company's Human Resources department, including benefits administration, payroll,...

How To Defend Yourself Against Identity Theft

Almost every worldwide government agency responsible for identity theft issues will tell you the same thing: The first step to fighting identity theft is...

Infographic

An infographic is a visual representation of information or data. It combines the words information and graphic and includes a collection of imagery, charts,...

Top IT Consulting Firms

In an era where digital transformation is essential to maintaining a competitive edge,...

IT Support Specialist

In the world of digital transformation, organizations are being compelled to integrate technology...

Accenture

Accenture is a global professional services company that specializes in information technology (IT)...