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ARM Report Details the Business Promise of the Internet of Things

Matt Ball on November 3, 2013 - in Projects, Sensors

The report, titled The Internet of Things Business Index: A quiet revolution gathers pace, also found that 30 percent of business leaders feel that the IoT will unlock new revenue opportunities, while 29 percent believe it will inspire new working practices, and 23 percent believe it will eventually change the model of how they operate.

The study found that European businesses are ahead of their global counterparts in the research and planning phases of implementing IoT. Meanwhile, manufacturing is the leading sector when it comes to research and implementation of IoT technologies, driven in part by the need for real-time information to optimise productivity. One in four manufacturing companies already has a live IoT system in place.

The Internet of Things (IoT) is an idea whose time has fi nally come. Falling technology costs, developments in complementary fields like mobile and cloud, together with support from governments have all contributed to the dawning of an IoT “quiet revolution”.

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