#1 The IoT is on the agenda at most organizations—even if they disagree about its scope

 At present, over three-quarters of companies are either actively exploring or using the IoT. The vast majority of business leaders believe that it will have a meaningful impact on how their companies conduct business, yet there is some divergence about the wider effect it will have. The largest group of respondents (40 percent) sees the impact limited to certain markets or industries, whereas a similar-sized group of respondents (38 percent) believe that the IoT will have a major impact in most markets and industries. A smaller group (15 percent) see the IoT as having a major impact but only for a few big global players.

#2 Optimism about the IoT is not yet matched by investment

Three years from now, almost all respondents (96 percent) expect their business to be using the IoT in some respect. For now, however, investment in the IoT is relatively low. Since 2012 only around 30 percent of organizations have seen double-digit growth in IoT investment, from what would have been a low base to begin with. Investment is likely to increase as organizations move from the research stage to the planning stage. Although uncertainty remains about what successful business models will look like, the majority opinion (61 percent) is that companies that are slow to integrate the IoT into their business will fall behind the competition.

Read Also: IBM Plans to expand cloud services and HP Mulls Over Lawsuit Against Autonomy Fraud Claims