Ventana Research today launched its latest benchmark research initiative into the Internet of Things (IoT). This research will provide a detailed picture of the current state and future direction of IoT. It will also identify technologies and processes that organizations are deploying and exploiting related to IoT, examine the IoT market impact on businesses and competition and explore driving forces behind IoT initiatives.
Today’s fast-paced, 24/7 world has forced organizations to reduce the latency between when events and transactions are performed by machines and when systems are made aware of and process them. The introduction of low-cost sensors and the instrumentation of devices ranging from appliances and airline engines to crop management and animal feeding systems further creates opportunities that have never before existed. Organizations are recognizing the need to implement technology and develop practices that collect and process events, correlate them into meaningful patterns and use workflow, rules and analytics to guide how employees and automated processes should react, and are allocating resources and investments to gain competitive advantages.
The benchmark research will identify, explore and quantify key aspects of the future of IoT. These aspects will include the mandate within organizations to collect and capitalize on sensor data; how well or poorly it is performing and why; the challenges it faces; and the role of people, processes, information and software in addressing those challenges. This research will also explore what types of organizations are interested in investing in improvements to IoT, why they are interested and, with respect to software and technology, who in the organization makes the purchase decisions, on what time frame and using what selection criteria.
“The Internet of Things is not just a fad in the consumer space that connects smart speakers and light bulbs,” said David Menninger, SVP & Research Director. “Businesses are gaining competitive advantages from the data they can gather through connected sensors and real-time data feeds. As tools and systems become more interconnected, we anticipate organizations will uncover new efficiencies, new opportunities, and new threats that would have never otherwise been known or anticipated.”
Those interested in learning more about or participating in this benchmark research can do so at www.ventanaresearch.com/benchmark/big_data/the_internet_of_things. Ventana Research, a leading business technology research and advisory services firm, provides qualified research participants with an incentive and complementary report, which includes both key insights and best practices from the benchmark research.
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