About the Benchmark
The Internet of Things (IoT) involves a new digital connectivity to devices and sensors in homes, businesses, vehicles and potentially almost anywhere. This innovation means that virtually any device can generate and transmit data about its operations – data to which analytics can be applied to facilitate monitoring and a range of automatic functions, but most organizations are not ready to derive maximum value from IoT. The processes most commonly implemented, each by approximately half of organizations, are performing root-cause analysis, defining measurements and metrics, and monitoring and correlating activities or events.While these processes are necessary, they are only the first step in improving performance. Fewer have advanced to the point of automating processes, which will be necessary to make full use of the coming deluge of IoT data.
This research overall finds strong momentum behind the emergence of the Internet of Things and operational intelligence, but it also is clear that a good many organizations have not caught up to the trend. Download the Executive Summary to see reasons why, and what can be done to leverage more out of the Internet of Things.