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The promise of the IoT will be released when skills shortages, complexity and security are addressed
Microsoft announced the IoT Signals, new research designed to provide an overview of the Internet of Things (IoT) landscape. Microsoft surveyed more than 3,000 IoT decision makers in business organizations to give the industry a holistic and market view of the IoT ecosystem, including adoption rates, related technology trends, IoT challenges and benefits. The survey report indicates that IoT adoption is growing rapidly, and respondents believe that 30% of their company's revenue in two years' time will come thanks to IoT. However, the industry faces a significant skills gap in IoT, as well as complexity and security challenges that can compromise business benefits if not addressed.
"IoT is transforming companies in all sectors and driving revolutionary innovations," said Sam George, director of Azure IoT. “Our research shows that unlocking the full potential of IoT requires the industry to address key challenges, such as skills shortages, security concerns and solution complexity. Microsoft is leading the way to simplify and protect IoT, so that every company on the planet can benefit. ”
Main conclusions of the IoT Signals survey:
"IoT is transforming companies in all sectors and driving revolutionary innovations," said Sam George, director of Azure IoT. “Our research shows that unlocking the full potential of IoT requires the industry to address key challenges, such as skills shortages, security concerns and solution complexity. Microsoft is leading the way to simplify and protect IoT, so that every company on the planet can benefit. ”
Main conclusions of the IoT Signals survey:
- 85% of respondents are in the process of adopting IoT and three quarters of them have IoT projects in the planning.
- Among those who adopt IoT, 88% believes that IoT is fundamental to the success of the business.
- Those who have already adopted IoT believe they will see a return on investment (ROI) of 30%, including savings and efficiency, two years from now.
- Almost everyone who adopts IoT (97%) has security concerns when implementing it, but that does not prevent adoption.
- 38% of those who have adopted the IoT cite the complexity and technical challenges of using technology as a barrier to promote its adoption.
- The lack of talent and training presents challenges for half of those who have adopted IoT, and 47% say that there are not enough qualified professionals available.
- Respondents believe that the key technology mobilizers for the success of IoT over the next two years are Artificial Intelligence, frontier computing and 5G.
- Almost a third of the projects (30%) fail in the proof of concept phase, usually because the implementation is expensive or the final benefits are not clear.
The proliferation of IoT devices allows companies to take cloud intelligence to the frontier, to create solutions that are adaptable and responsive to their environments. "According to the Global DataSphere IoT Devices and Data Forecast studies, IDC expects 41.6 billion IoT devices to be connected by 2025, growing at a rate of 8.9% during the forecast period," said Carrie MacGillivray, group vice president of IoT, 5G and Mobility at IDC. “As the market matures, IoT becomes more and more the fabric that allows the exchange of information about 'things' for people and processes. Data becomes the common denominator - as it is captured, processed and used from the borders closest to and farthest from the network to create value for industries, governments and the lives of individuals. ”
Microsoft and IoT
In all sectors, major global and business customers, including Bühler AG, Starbucks, Chevron, Steelcase, thyssenkrupp and others are transforming their business with IoT and smart frontier solutions. In partnership with the BCG Group, Microsoft has identified seven key ingredients for success in IoT: business strategy, leadership and organization, technology roadmap, talent, operations and key business processes, partnerships and security.
To further advance the success of customers and partners, Microsoft is investing US$ 5 billion in IoT and smart frontier technologies and smart ecosystems by 2022. Just last year, Microsoft added more than 100 new features and services and launched 70 new ones IoT partner ads and has an ecosystem of more than ten thousand smart frontier partners to help customers, no matter where they are on their IoT journey.
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