Smart City

Smart City

Wednesday, September 23, 2015

Where Internet of Things Initiatives Are Driving Revenue Now

79% of enterprises surveyed have Internet of Things (IoT) initiatives in place today to better understand customers, products, the locations in which they do business with customers, or their supply chains.
Manufacturers expect Internet of Things initiatives to drive an average 27.1% revenue increase by 2018.45% of enterprises use IoT technologies to monitor production and distribution operations.
40% of Enterprises Are Growing Their Services Businesses With Internet of Things Initiatives.
These and many other insights are from Tata Consulting Services’ TCS Global Trend Study 2015 – Internet of Things: The Complete Reimaginative Force (186 pp., PDF, opt-in) published earlier this week.
 You can find the methodology of the report here, and on page 173 of the report. A summarized report of survey demographics are provided here and also on pages 176 – 182. The TCS Global Trend study is based on interviews 795 executives from multinational enterprises operating in North America, EuropeAsia-Pacific and Latin America with average revenues of $22B. The TCS research team created four high-level categories of IoT business usage including premises monitoring, product monitoring, customer monitoring and supply chain monitoring.


Source: Forbes

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