Vodafone Barometer 2017; adoption, adoption, adoption.
This year, they decided to focus on IoT adoption and how far it’s come since the tech giant first starting publishing their yearly study on IoT back in 2013. Back then, for example, adoption was just 12% and we were still calling it M2M. Skip forward to today and we’re now looking at an adoption rate of 29%, which is more than double the original figure. This years barometer takes a look at the effect of IoT on the following industries; healthcare, transport and logistics, energy and utilities, retail and automotive. The retail sector, for example, has jumped to a 26% adoption rate, with the benefits of implementing IoT going way beyond cost-cutting. Adopters are using IoT solutions to reduce risks and increase revenue and efficiency, with a high percentage of them spending more on IoT than they were 12 months ago.
Furthermore, adopters have high expectations for IoT. The majority think that IoT will have an enormous or sizeable impact on the whole economy in the next five years. And almost three-quarters of them agree that digital transformation is impossible without IoT and that it will act as a gateway to other transformative technologies, such as artificial intelligence and machine learning.