By Nitin Dahad
A major new global study looking at the impact of IoT (Internet of Things) technologies across a wide range of industry sectors around the world, found that companies investing in IoT are reporting significant revenue increases as a result of IoT initiatives, with an average increase of 15.6 percent in 2014. Almost one in ten (9 percent) saw a rise of at least 30 percent in revenue.
Company executives see the IoT as a growing area for businesses, with 12 percent identifying a planned spend of $100 million in 2015 and 3 percent looking to invest a minimum of $1 billion among the 795 companies surveyed in the Tata Consultancy Services (TCS) report. The report also shows that companies predict their IoT budgets to continue increasing year-on-year, with spending expected to grow by 20 percent by 2018 to $103 million.
Companies at the very forefront of this…
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