The concept of a “connected world” is not an entirely new one – we’ve been connecting to the internet through a variety of devices, and for a variety of reasons, for a long time. Think mobile devices, wearables, e-readers. But the sudden influx of connected devices coming to market (connected cars, refrigerators, medical devices, thermostats—the list goes on), and the new ways they’re connecting to the internet and each other, are where connected devices turn into the Internet of Things (IoT).
A report from the Computing Technology Industry Association (CompTIA) shows that as the popularity and availability of connected “things” continue to rise, so does the business case for tech companies to integrate IoT capabilities into their offerings. Eight in ten IT industry executives have taken some action to understand IoT opportunities, and one in three execs believe these emerging opportunities will improve their bottom line over the next one to two years.
At the same time, a number of concerns remain. Fifty-three percent of survey respondents believe the hype surrounding the IoT market has gotten ahead of itself.
“Many facets of IoT – standards, governance, security and privacy issues, skilled workers and other matters – need to fall into place before the market can truly blossom,” said Tim Herbert, senior vice president, research and market intelligence, CompTIA.
Read the full brief, Sizing Up the Internet of Things, to see CompTIA’s full findings.