“Interconnection provides the central nervous system for the Internet of Things, bringing all of the vital functions together so they can work efficiently. It enables data to be collected, stored and transferred between multiple systems and clouds for sorting and analysis in real time. As it does not run on the public Internet, customers are guaranteed the secure and, importantly, fast flow of data. IoT fails without deep interconnection between partners, providers and customers.”
How useful will the Internet of Things be to your organisation in 5 years?
“We enhance the value of IoT through Interconnection Orientated Architecture (IOA). It enables data to be collected, stored and transferred between multiple systems and clouds for sorting and analysis. It’s not enough merely to invest in IoT; proximity to the systems and people that need the resulting information in real time is essential for high-performance connectivity and getting the greatest value from IoT. Access to a scalable interconnection orientated architecture that serves a globally distributed footprint will be fundamental to the success of any IoT strategy.”
“Simply put,” argues Mortell, “businesses must make the Internet of Things work for them and to do that, they must gather and analyse all of their data to provide clear business insights and realise the full potential of IoT.”
Spending intentions among Irish organisations on IoT technologies also provided a somewhat scattered picture. With the largest proportion (27%) expecting 2017 spend to be in the region of less than €5,000, more than a tenth (11%) had expectations for between €5,000 and €20,000. Some 8% had expectations of up to €50,000, with the same expecting up to €100,000. A large proportion (45%) did not know what the likely 2017 spend would be.
Pressing further into new technologies, the survey asked about the likely usage of artificial intelligence (AI) technologies in the next five years. Nearly a third (30%) did expect such use, but a full third said no, with slightly more (37%) not knowing.
How useful is the Internet of Things to your organisation today?
Similarly, with augmented reality (AR) technologies, just 18% expected the use of such technologies, with almost half (43%) saying no, and 40% not knowing.
With regard to IoT and barriers to adoption, three emerged clearly. Lack of understanding (34%), lack of importance to the business (33%) and lack of relevant applications to respective industry (32%) were some way ahead of data security fears (22%) and lack of required infrastructure and lack of correct architecture. Interestingly, cost was lowest barrier to adoption at just 10%.
“Irish businesses cite the two biggest barriers to IoT adoption as being a lack of understanding and a belief that it isn’t important enough to the organisation,” said Mortell. “The adoption of IoT technologies doesn’t just fall under the remit of the IT department. It is something that entire businesses should be thinking about and embracing — right up to board-level. Business leaders and board members must educate themselves on the value of the Internet of Things and work together to implement a solid IoT strategy, or risk being left behind.”
What are the greatest benefits that IoT data brings, or could bring, to your organisation? (top 3)
The impression that emerges from the results overall, is that IoT, though seeing strong adoption, is somewhat ad hoc in its implementation, with widespread lack of understanding of the technologies and their various benefits. While the perception of value is present and growing, there is still a job of education to be done in making Irish organisations understand the particular relevance of IoT technologies to their sector and business. The polarisation of results in value perception, spend intentions and expected increase in data usage all show that there are a few organisations out there for whom there is no question of the technologies and for whom IoT will be a central plank of their enterprise IT strategy.
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