Research shows IoT growing in importance, but adoption lags pace of development
For service providers, industry-specific IoT is proving to be more successful and profitable than horizontal solutions targeting broad business transformation, the report noted.
With more than a trillion connected devices expected to be in use by 2020, the Internet of Things (IoT) has become a critical focus area for many enterprises. However, the rate of IoT adoption among companies lags behind the pace of industry development, according to a new research report from Information Services Group (ISG), Stamford, Conn.
The latest ISG Provider Lens Quadrant report notes the IoT market—from the development of standalone point solutions to complete end-to-end offerings—is rapidly evolving, but broad business adoption of these solutions is not growing as fast as some expected, due to the current challenge of generating a positive return on investment.