Microsoft continues to be an IoT innovator as IoT adoption rises steadily worldwide. The IoT Signals series was created to give a holistic view of the IoT ecosystem –providing insight into adoption rates as well as benefits, challenges, and emerging trends. The goal of these reports is to better help business leaders develop their own IoT strategies, and provide the most up-to-date research on how IoT is used across countries and industries.
IoT continues to drive organizations towards a more productive future
Among the IoT decision-makers from industries across the globe, 90% have adopted IoT. IoT continues to be adopted for a range of uses leading to improved efficiency and productivity, and 66% plan to implement IoT more in the coming years. Those who use IoT for cloud security, supply chain management, and sustainability more strongly believe that IoT is critical to their organization’s success, which could keep them on the cutting edge.
COVID-19 has accelerated IoT strategies and fueled business growth
COVID-19 has resulted in many unexpected benefits for organizations and their IoT strategies, as 44% expect to increase their investment in IoT as a result of the pandemic (vs. 31% in 2020). Those intending to maintain or strengthen their investment tend to already be utilizing IoT for more varied use cases, and the pandemic has enticed many to use IoT to gain a competitive edge.
AI, Edge Computing, and Digital Twins are essential to advance IoT strategies
The majority of organizations are implementing strategies for Artificial Intelligence, Edge Computing, and Digital Twins, and around 8-in-10 are working to integrate the technologies as part of their IoT solution. Despite the pervasiveness of these technologies, many projects are stuck in Trial/PoC due to a lack of infrastructure and the complexity of scaling and managing systems. Looking ahead, organizations will need specialized help as implementation level varies by industry on certain technologies (e.g., Smart Places is advanced in AI, Energy is advanced in Edge Computing, and Manufacturing is advanced in Digital Twins).
Although IoT projects are maturing, technological complexity persists
Business challenges are typically more surmountable than technical challenges (especially for those who outsource part of their IoT implementation). As IoT solutions are scaled and become more deeply embedded within organizations, navigating the technical complexity is even more difficult. Organizations seek more internal investment to acquire the technology and staff they need to manage complex data and emerging technologies.
Organizations are keeping a close eye on data security
Securing IT infrastructure and assets is top of mind in 2021, and nearly a third are concerned about the security risk of IoT, with specific concern around ensuring data privacy and network-level security. To keep IoT projects secure, the primary focus is on preventing and detecting data breaches, though no single best practice is widely adopted. Those who outsource at least part of their IoT implementation tend to feel more secure overall.
IoT Signals 2021 shows that many organizations are outsourcing at least part of their IoT implementation, which helps them manage complex technical and business challenges. Those who outsource also feel more confident when it comes to security, which is top of mind in 2021.
Softline has a huge experience in flexible structure of search processes, development and pilot implementation of advanced technological solutions in the field of AI, ML, CV, IoT, Big Data, VR / AR for industry leaders. We are focused on improving business processes in industries using advanced technologies in the field of AI, ML, IoT, Big Data, VR/AR. Our agile approach allows us to quickly transform a business problem into a technological solution.
The unique competencies of the Softline Digital team have been confirmed by the already implemented complex industry projects. One of them is buildings automation where Softline executed several projects for organizations such as Ekaterinburg Arena Stadium in Russia, Rabobank Land van Cuijk-Maasduinen in the Netherlands, smart kindergarten in Croatia, medical lab for Macquaire University Hospital & Clinic in Australia. Softline offers complex solution for its clients with integration server for 60+ automation systems, IoT and AV equipment, custom-tailored visualization. IoT platform consisting of protocol for control of IoT devices, databases and multimedia data, toolkit for GUI creation of driver modules automation buildings/processes, and universal controller for IoT automation use of the intellectual gateway function for different protocols.
If you are interested Softline’s IoT expertise and references, contact us.
Microsoft’s IoT Signals 2021 report gives a holistic view of the IoT ecosystem, providing insight into adoption rates as well as benefits, challenges, and emerging trends. In this article we summarize the conclusion of the report why organizations decide adopting IoT.
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