88 percent Indian businesses have deployed Internet of Things or IoT solutions, according to a survey conducted by Forrester Consulting.
IoT in India
Releasing the IoT survey, Zebra Technologies said 88 percent Indian enterprises have deployed IoT solutions with the balance expected to deploy within a year. New cities, buildings, and infrastructure in many Asia Pacific countries have enabled this strong adoption rate.
India ranked Security Sensors location tracking as the most important element of IoT solutions, followed by Grid Sensors and Condition Sensors.
Improved customer experience identified as top business benefit IoT can help achieve, followed by improved delivery process, improved safety, Improved forecast accuracy and improved regulatory compliance.
Indian firms listed Implementation complexity, IT governance, integration challenges, total cost concerns, and private and security concerns as the top 5 hurdles expected when implementing IoT solutions.
IoT in APAC
Over 85 percent of surveyed firms in Asia Pacific believe that IoT solutions will be the most strategic technology initiative for their organization in a decade against the global average of 80 percent.
Over 70 percent have deployed or are in the process of deploying an IoT solution, compared to the global average of 65 percent.
Wi-Fi, real-time location tracking, and security sensors are important elements of IoT solutions. 83 percent identify Wi-Fi infrastructure and real-time location tracking technologies as important or very important building blocks of IoT solutions. Sensor technologies to monitor assets and the surrounding environment were also pointed to as important or very important technology elements by over 80 percent of global firms.
Improved customer experience identified as top business benefit IoT can help achieve. Nearly half the surveyed firms identified improved customer experience as one of the top five benefits of deploying IoT solutions.
Cost, integration, and privacy/security are concerns for businesses implementing IoT.