In the latest survey by Tech Pro Research, 68% of enterprise IoT users reported at least some return on investment
Less than a quarter of respondents to the latest Tech Pro Research survey said their company is currently using IoT-connected devices to collect data, but more respondents said their business plans to get into the IoT game within the next year. Respondents in those two groups reported a wide variety of uses for data insights, including predicting trends, improving products, capacity planning, R&D and security.
Among respondents whose companies who have implemented IoT data collection, 71% said that less than 20% of their IT budget goes towards those efforts, with the majority spending most of their IoT funds on software.
A takeaway here: don't expect miracles from IoT data collection. Only 22% of IoT users said they've seen clear and compelling returns after implementation.
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