A new study by Forrester points to the potential of strategic enterprise IoT to transform operations and boost performance. Learn more about the key findings.
IoT initiatives offer enormous opportunities for companies to adapt and remain resilient in a rapidly evolving operating environment. To find out more about how large businesses view IoT, we commissioned Forrester Consulting to survey more than 550 C-level executives, IT executives, directors and functional managers at companies in the U.S., UK, Germany and France with revenues from $1 billion to more than $50 billion. The survey was conducted in March 2020.
The study shows that enterprises of all sizes recognize that IoT offers enormous benefits, and most are committed to leveraging IoT across the enterprise. However, 55% of respondents said their organizations have struggled to deliver business value from IoT projects. Many respondents who have conducted multiple in-house IoT pilots noted they lacked a coherent strategy to deploy their initiatives enterprise-wide. They reported that the new IoT capabilities often did not receive the necessary investment or leadership support to extend the initiative across the business.
Among the key findings:
Read the whitepaper IoT: Powering the Future of Business and Improving Everyday Life to get a summary of our key findings, including ten real-world examples of how we have delivered IoT at enterprise scale to help organizations leverage data and analytics to modernize their business models and drive new revenue. Also read more about Cognizant’s IoT offering.
How serious are industrial companies about moving forward with IoT and what do their IoT roadmaps look like? This study set out to explore how European industrial companies are approaching IoT initiatives from an investment, implementation and strategy perspective.