TECHNOLOGY
THE INTERNET OF Things ( IoT ) is revolutionising business and British telco giant Vodafone has been pioneering the implementation of IoT systems for its business customers across all sectors since 2011 . This year , Vodafone became the first global provider of IoT to reach the milestone of 50mn connections – driven by around one million new connections each month .
Following the recent publication of Vodafone ’ s fifth annual IoT Barometer Report , Erik Brenneis , Vodafone Global Enterprise ’ s CEO , outlined the range of benefits users are getting from IoT and the pathways to implementation to achieve the greater business insights , reduced
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Two-thirds of adopters say IoT is already mission-critical costs and enhanced employee productivity reported by users globally .
“ We wanted to share our data with the world via the Barometer Report to offer qualitative analysis about underlying trends in the market to stimulate and inspire others to push IoT forward ,” says Brenneis .
The 2017 edition shows ( from its sample of 1,278 companies across 13 countries ) the percentage of those with more than 50,000 connected devices has doubled in the last 12 months and that 84 % of adopters saw their use of IoT grow during the period . Crucially , 51 % of IoT users say the technology is increasing revenues or opening up new revenue streams while 66 % of companies agree that digital transformation is impossible without IoT .
IoT connects objects , turning them into intelligent assets able to communicate with people , applications and each other . So , what is driving growth in the number of companies using this tech on a massive scale and what does it mean for globally focused businesses ? “ Recently , many companies implemented IoT with just one of their products at the luxury end of the scale ,” explains
18 November 2017