82% of companies ‘plan to deploy IoT solutions within two years’

82% of companies ‘plan to deploy IoT solutions within two years’ [Image: ivanastar via iStock]

A total of 82 per cent of companies are planning to deploy an Internet of Things (IoT) solution within the next two years, according to a new survey commissioned by Inmarsat.

Some 21 per cent have already fully deployed these solutions, while 33 per cent have one in place.

The ‘The Future of IoT in Enterprise – 2017’ report found that three-quarters of respondents agreed that they needed to improve their processes to protect against malicious attacks to their IoT systems.

However, Inmarsat said that “time is not on their side, and the speed of IoT development makes it critical that the sectors surveyed overhaul their approach to security to smooth the transition to becoming digital-first businesses”.

The report revealed that a lack of high-speed connectivity may restrict these companies from accessing the full value offered by IoT, which could potentially render them unable to gather and analyse data.

Inmarsat said its research found that “IoT is the leading technology in the digital transformation that is storming through businesses the world over”.

In terms of which IoT solutions company have implemented, the report found that 75 per cent of organisations have deployed energy consumption monitoring. Meanwhile, 66 per cent have introduced the smart monitoring of asset levels and 56 per cent have deployed wide area controls, such as vehicle and device management.

According to the report, half of businesses are actively tracking their employees through wearables, which is set to become one of the most widely adopted IoT solutions in the workplace.

The report also revealed that the IT skills needed to innovate and manage the technology are difficult to come by. Inmarsat said shortages in the areas of data security, analytical data science and technical support are acute, with 47 per cent of businesses saying they lack the skills they need at this level.