A global survey that measures where companies are on the journey to becoming an “intelligent enterprise” reveals that the average annual spend on the internet of things (IoT) by enterprises in the Asia-Pacific is up 12 percent from 2017 to $4.8 million.
Zebra Technologies polled 918 IT decision makers from nine countries including the US, UK, France, Germany, Mexico, Brazil, China, India, and Japan. A third of the respondents were from the Asia-Pacific.
Survey results showed that 91 percent of the respondents in the region expect that number increase in the next 1 to 2 years and 48 percent expect their IoT investment to increase by 11 to 20 percent.
The poll likewise noted that 69 percent of companies have an IoT vision and are currently executing their IoT plans, 44 percent currently have company-wide deployments and 25 percent plan to deploy IoT company-wide in the future.
In comparison, the average annual spend on IoT was up 4 percent globally from 2017 to $4.6 million. Around 86 percent of respondents expect that number to increase in the next one to two years, and 49 percent expect their IoT investment to increase by 11 to 20 percent.
Globally, 5 percent of companies have an IoT vision and are currently executing their IoT plans, 38 percent currently have company-wide deployments, and 30 percent of remaining companies plan to deploy IoT company-wide in the future.
“Based on our second annual Index, it’s clear that more companies acknowledge the value of leveraging IoT strategies, and they will continue to propel adoption and investment in the future,” said Tom Bianculli, Chief Technology Officer, Zebra Technologies, in a news release.
Zebra Technologies defines the “intelligent enterprise” as one that connects the physical and digital worlds to drive innovation through real-time guidance, data-powered environments, and collaborative mobile workflows.
To be considered an “intelligent enterprise, a company has to score more than 75 on the overall Index, which has 11 metrics. One of these metrics is IoT vision, which tracks factors such as IoT spending, investment, deployment.
Among the key findings of the Index globally is that IoT investment is up, and resistance to adoption is down.
“As employees become more receptive to new technologies, the number of companies that expect resistance to their IoT plans moving forward has dropped from 75 percent in 2017 to 64 percent this year,” the study noted.
Another key finding is that security is a top priority across the enterprise. The Index shows that companies are taking a more proactive, thorough approach when it comes to employing security standards within their IoT solutions.
“The Index revealed an 18 percent increase in the number of companies that are constantly – versus routinely – monitoring their IoT security to ensure privacy and integrity. In Asia-Pacific, the increase was 20 percentage points from a year ago,” the study concluded.
Check out the infographic here: how-intelligent-enterprise-infographic-en-APAC-final