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New IoT Maturity Is Found in Trade Group’s Deep User Data
- April 10, 2023
London (10 April 2023): Highly granular data collected from more than 200 users of IoT solutions indicates a new-found maturity among those that are adopting the technology, both in terms of their objectives and their organizational roles. The IoT M2M Council (IMC) has just published a white paper, written by the analyst firm Beecham Research, summarizing the aggregate survey data collected by their online survey tool, the “IoT Readiness Calculator”. The results: larger technology deployments are being contemplated, more sophisticated applications are coming, and the IoT is being given a more visible role within organizations.
“Some of our IMC Sustaining Member companies have deployed The IoT Readiness Calculator as a lead generation tool, so as a group we look only at the aggregate data, and it is very interesting,” says IMC chairman Sam Colley, CEO of the Pod Group (a Giesecke+Devrient company), “The calculator violates several generally accepted rules of online surveying – it’s too long, it’s too technical – but it provides very deep data.”
While most respondents were in a proof-of-concept stage for their own technology deployments, a majority indicated that they planned to connect more than 10,000 devices at project maturity, and 15% planned to connect more than 100,000 devices. “The IoT sector has been noted for its lack of scale, so this data point is worthy of note. This is more nuanced data than we collect regularly, and it certainly bodes well for the IoT sector,” says Colley.
Another point that would seem to indicate maturity: it’s long been assumed that early-stage IoT adopters were primarily looking to reduce costs by connecting devices in the field, but the new survey data indicates that a majority (52%) are looking to add value by adding new revenue streams, improving quality, or scaling operations. And fully 38% of respondents indicated that their corporate role is formally known as “IoT/Digital Transformation”, with 27% leading the project teams that are making IoT happen.
About the IoT M2M Council
The IMC is the largest trade group dedicated to the global IoT/M2M sector – with over 25,000 IoT enterprise users, product makers/designers, and apps developers that buy IoT solutions as members. Board companies include 1NCE, A1 Digital, Aeris, Airgain, Astrocast, BICS, Blues Wireless, Digi International, eSAT Global, Fibocom, floLIVE, Ground Control, Gurtam, GXC, Hologram, iBasis, Ignion, IoT Launch, Keyfactor, KORE, KYOCERA AVX, Losant, MultiTech, Pelion, Pod Group, Quectel, Sateliot, Somos, Tata Communications, Telit, Utimaco, and Vodafone. Visit www.iotm2mcouncil.org