4 October 2017, 11:55
The scope for IoT strategies in South Africa is significant as only 26% of participants indicated that they are currently actively using IoT technologies.
Three quarters of SA companies plan to implement IoT strategies in the near future, with 33% saying they have plans to start a strategy in the next six months and 40% planning to start in the next year or two.
This is one of the key findings of a IoT survey conducted by IoT.nxt on technology and IT web platform ITWeb.
“This shows that understanding of the value of implementing IoT strategies and how this can unlock business value and drive efficiencies has grown dramatically in the past two years. We have experienced rapid growth in interest in what IoT can deliver in the past year and many companies we engaged with fast-tracked their plans once they realise how using IoT can address business challenges,” says IoT.nxt CEO, Nico Steyn.
The survey showed that respondents expected to see the biggest benefit in operations, as 54% of companies indicated this as the business unit most likely to benefit most from IoT according to their understanding. In second place, with 20% of responses, was that using IoT will benefit the company’s executive committee and its strategic guidance for the business.
The survey further showed that companies expect to gain the most value through implementation of IoT data for their business intelligence and data analytics. Almost 40% of respondents listed that is the biggest value to be gained, while 30+% said that using IoT will deliver value in operational applications.
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