The Internet of Things, or “IoT,” describes a world in which more and more devices are sensor-enabled, connected, and able to share information about their current state and the environment where they operate. That world is already upon us.
Schneider Electric surveyed more than 2,500 business decision-makers around the world to find out what they think about the future of IoT. Over 70% of respondents indicated they believe IoT will:
And, tellingly, nearly half of survey respondents feared that not adopting IoT solutions in their operations would negatively impact their businesses, leading to a loss of competitive advantage.