Almost Half of Enterprises Launch IoT Solutions

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Almost half of Australia’s large commercial enterprises have deployed Internet of Things (IoT) systems but are now facing expansion challenges around security and infrastructure, according to global technology research company IDC.

IDC has just released its 2018-2019 Global IoT Decision Maker Survey, which reports that 46.5% of Australian enterprises have deployed at least one IoT solution and are planning on expanding their systems.

Monica Collier, IDC's ANZ practice research manager, says, "Companies are finding that their proof-of-concept projects are revealing wider issues around security and infrastructure that must be addressed in order for them to deploy commercial scale IoT systems.”

Collier says Australian companies are trying to use IoT data to generate insights about new product development and to improve customer service but are struggling to find useful insights within the data collected. They also face issues with data integration and have problems capturing enough data for the analytics to be meaningful, according to Collier.

“Many Australian enterprises told IDC that they want IoT vendors to improve their analytics and data visualisation offerings, so that the systems provide greater value ‘out of the box’. However, companies also need to be realistic and not aim too high when first deploying new systems. Leveraging the data to get closer to customers and creating new business models is what really excites people about IoT, but to start with, analytics is about operational efficiencies and productivity gains," says Collier.

"To move past the barriers inhibiting production scale IoT, organisations have to solve the broader security and upgrade issues. At the same time, IoT vendors need to be supporting enterprises with IoT security expertise, more comprehensive analytics and helping measure how solutions are performing against business requirements," says Collier.

About IDC 2018-2019 IoT Decision Maker Report

The report focuses on Australian organisations that have deployed IoT initiatives or are planning to deploy in the next two years, understanding their plans, influences, challenges, success, infrastructure and vendor mindshare.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company.