A vast majority of enterprises will be using IoT services within two years, a survey of 200 businesses revealed.
The survey conducted by Machina Research and co-sponsored by InterDigital (IDCC) and Telit found that nearly two thirds of companies are currently working with systems integrators to progress internal IoT projects.
“Overwhelmingly businesses have woken up to the transformational benefits of IoT and are rushing to deploy those services, but at the same time appreciate there may be a rocky road ahead turning a good idea into a technically feasible and profitable one,” said Jim Nolan, Executive Vice President, IoT Solutions, at InterDigital.
“This is where companies like IBM, HP, Tech Mahindra, Wipro, Accenture and other system integrators are worth their weight in gold, making the link between specialized IoT providers and the applications that companies need to leverage connectivity.”
The study found that overall demand for IoT applications and services remains extremely high and by 2020, 44 percent of IT budgets will be solely used for the purpose of IoT project development and maintenance.
Furthermore, 76 percent of enterprises indicate they have short-term goals for the integration of new IoT solutions with legacy systems.
“The importance of marrying IoT with the existing legacy systems cannot be downplayed. Along with having a set of standards in place, businesses will be leaning heavily on system integrators to weave the future with the present,” said Andy Castonguay, Principal Analyst, Machina Research and lead author for this report.