Analyze the Internet of Things with data: It is estimated that the number of connected devices will reach 50.1 billion in 2020
According to Forbes, from the latest popularization survey results, the development prospects of the Internet of Things are bright. According to a survey of 512 IT executives and business executives by the Computer Technology Industry Association (CompTIA), 80% of organizations have a more optimistic view of the development of the Internet of Things than a year ago. CompTIA said, “This reflects the fact that executives have given more attention to the field, and they have a better understanding of how many different elements of the IoT ecosystem are starting to aggregate.†The following is from the survey and other recent Summary of the survey:
How large is the Internet of Things? How fast is growth?
From computers to home monitors to cars, the number of networked devices is expected to grow at a compound annual growth rate of 23.1% between 2014 and 2020, reaching 50.1 billion by 2020.
What is the Internet of Things?
In the eyes of business executives and IT executives surveyed, the IoT relationship “higher levels of network connectivity; more intelligence embedded into devices, objects and systems; and strong data and application learning orientation.†"Compatible with the growing and popular megatrends of computing and storage, further blurring the physical and virtual worlds, and the application of big data in real-world functional activities."
What is the popularity of the Internet of Things?
60% of organizations have launched IoT projects, and 45% of them are supported by new budget allocations. Another 23% of companies plan to launch the IoT project within one year. Reflecting the company’s current exploration of the Internet of Things, 90% of the 500 executives surveyed by Bain said they are still in the planning and proof-of-concept phase, and only about 20% expect that by 2020 they will A wide range of implementation of IoT solutions.
What is the perceived impact of the Internet of Things compared to other new technologies?
The Internet of Things leads to other highly-recognized technologies, including robotics and artificial intelligence. At present, Internet of Things technology has the greatest impact on enterprises.
What are the expected benefits of the Internet of Things? How do they relate to existing activities and operations?
The five most expected benefits are:
1. Cost savings from operational efficiency gains
2. New or better data flow to help make better decisions
3. Employee productivity improvement
4. Increased transparency of assets across the organization and better monitoring
5. New or better customer experience.
The above-mentioned expected benefits are basically distributed in existing operations, new products or revenue streams, but most companies (61%) say that their IoT projects are considered “enable technologies and extension technologies†rather than separate Activities (37%).
Bain also found that companies have high expectations for the potential benefits of the Internet of Things. Their expectations include: improving the quality of products or services, improving employee productivity, and improving operational reliability.
Are they too pessimistic or too optimistic? 57% of respondents believe that their organization can or can basically manage the security of the Internet of Things. "Considering that there are many uncertainties in the security of the Internet of Things, especially in areas that may not be controlled by operators, this confidence is not there." CompITA pointed out.
Security: the number one worry
Bain found that security was listed as the number one concern of the Internet of Things, and 45% of respondents thought it was one of the three biggest obstacles to the implementation of the Internet of Things. Market research firm Forrester's survey of 232 IoT product developers also found that 38% expect security to be the biggest challenge for IoT implementation, and 64% said data security and device security are the most important features of their IoT products. Finally, Tripwire's survey of 220 security professionals found that only 30% of respondents felt that their organization was ready to respond to security threats related to IoT devices.
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