IoT driving digital transformation

Research by global mobile satellite communications company, Inmarsat, has found that 92% of organisations put Internet of Things (IoT) as their top priority for digital transformation.

Conducted independently on behalf of Inmarsat by Vanson Bourne, The Inmarsat Research Programme report ‘The Future of IoT in Enterprise 2017’, surveyed 500 senior respondents from across the agritech, energy production, transportation, and mining sectors, from organisations with over 1,000 employees in size.

The research also revealed that machine learning (38%), robotics (35%), and 3D printing (31%) were key requirements for effectively delivering digital transformation for businesses.

Ninety seven per cent of respondent said they’re either experiencing or expect to experience significant benefits from the deployment of IoT technologies. The top three benefits sighted as being: Improved service delivery capabilities (47%), better health and safety across the organisation (46%), and greater workforce productivity (45%)

The report also highlighted the top concerns companies have about IoT, Almost half (47%) of respondents believe that their organisation will need to rethink their approach to data security and make heavy investments to meet IoT security requirements.  Some 45% cite lack of skills as a particular challenge for their organisation in deploying IoT, while 29% agree with the statement that connectivity issues threaten to derail their IoT deployments before they have even begun.

Paul Gudonis, president of Inmarsat Enterprise, commented, ‘The development and deployment of IoT is a new phenomenon spreading over every industry in every part of the world and this research has confirmed that IoT is the leading technology in digital transformation, taking a steady lead over other forms of innovation.’

‘However, this is not to imply that challenges are absent. The research points to clear concerns – namely, security, skills, and connectivity. The increasing interconnectivity of devices, teamed with a heightened cyber-security landscape and a short supply of relevant skills, brings an array of issues. To overcome these challenges, collaboration is key.’