New research by Inmarsat, the provider of global mobile satellite communications, reveals that investment in the Internet of Things (IoT) is set to overtake cloud computing, next generation security, big data analytics and other digital transformation technologies in the near future.
Respondents drawn from multiple industries reported plans to invest the greatest proportion of their IT budget on IoT projects over the next three years.
IoT has reached a high level of maturity across most organizations, with businesses across all industry sectors now planning to spend an average of $2.8 million (€2.41 million) on their IoT investments through to 2024. While IoT accounted for an average of 7% of an organization's IT budget between 2017 and 2020, businesses are planning to spend 10% of their IT budgets on IoT projects over the next three years.
Continue reading: https://www.iot-now.com/2021/10/14/114699-iot-set-to-overtake-cloud-computing-as-primary-industry-4-0-technology-inmarsat-research-reveals/
Respondents drawn from multiple industries reported plans to invest the greatest proportion of their IT budget on IoT projects over the next three years.
IoT has reached a high level of maturity across most organizations, with businesses across all industry sectors now planning to spend an average of $2.8 million (€2.41 million) on their IoT investments through to 2024. While IoT accounted for an average of 7% of an organization's IT budget between 2017 and 2020, businesses are planning to spend 10% of their IT budgets on IoT projects over the next three years.
Continue reading: https://www.iot-now.com/2021/10/14/114699-iot-set-to-overtake-cloud-computing-as-primary-industry-4-0-technology-inmarsat-research-reveals/
