About the Benchmark
The Internet of Things (IoT) is a technology that extends digital connectivity to devices and sensors in homes, businesses, vehicles and potentially almost anywhere. This advance enables virtually any device to transmit its data, to which analytics can then be applied to facilitate monitoring and a range of operational functions. IoT can deliver value in several ways. It can provide organizations with more complete data about their operations, which helps them improve efficiencies and so reduce costs. It also can deliver a competitive advantage by enabling them to reduce the elapsed time between an event occurring and operational responses, actions taken or decisions made in response to it.
Ventana Research performed this research to determine attitudes toward and utilization of the Internet of Things (IoT) and technologies such as operational intelligence that enable it to be optimized and managed. This research was designed to investigate IoT and its supporting systems and associated practices, needs and potential benefits.