Inmarsat sees IoT lead for digital transformation
June 27, 2017
The IoT has become the leading technology for digital transformation and is the number one priority for 92 per cent of organisations, according to satellite communications company Inmarsat.
The London-based company’s study focusing on the enterprise application of the IoT revealed that machine learning (38 per cent), robotics (35 per cent) and 3D printing (31 per cent) were also key requirements for effectively delivering digital transformation for business.
Conducted independently on behalf of Inmarsat by Vanson Bourne, the study surveyed 500 senior respondents from across the agritech, energy production, transportation and mining sectors, from organisations with more than 1000 employees.
The key findings reveal that almost all (97 per cent) respondents are experiencing, or expect to experience, significant benefits from the deployment of IoT technologies. Improved service delivery capabilities (47 per cent), better health and safety across the organisation (46 per cent), and greater workforce productivity (45 per cent) were identified as the top three benefits to be gained from the deployment of IoT-based services.
“The development and deployment of IoT is a new phenomenon spreading over every industry in every part of the world and this research has confirmed that IoT is the leading technology in digital transformation, taking a steady lead over other forms of innovation,” said Paul Gudonis, president of Inmarsat Enterprise. “IoT acts as the eyes and ears of organisations and its value comes from how the data it collects are used to improve effectiveness across an organisation. As such, it is unsurprising that so many organisations are deploying IoT to propel their digital transformation initiatives.”
However, the research also highlights security concerns, a lack of skills (particularly in the deployment of the IoT) and connectivity as key challenges that need to be addressed to increase the IoT’s potential. Almost half (47 per cent) of respondents believe that their organisation will need to rethink their approach to data security and make heavy investments to meet IoT security requirements.
Some 45 per cent cite lack of skills as a particular challenge for their organisation in deploying the IoT, while 29 per cent agree with the statement that connectivity issues threaten to derail their IoT deployments before they have even begun.
“The research points to clear concerns, namely security, skills and connectivity,” said Gudonis. “The increasing interconnectivity of devices, teamed with a heightened cyber-security landscape and a short supply of relevant skills, brings an array of issues. To overcome these challenges, collaboration is key.”
He said that developing new technology was complex and drew on many different type of skills.
“Reliable network infrastructure providers, that can operate anywhere in the world, need to work closely with end-user businesses to make sure they understand their operational needs,” he said. “Inmarsat is working with our network of partners globally to drive innovation through our expertise in IoT and satellite connectivity.”