New study predicts rosy future for #IoT

Posted on 9th October 2012 in Internet of Things

A study released today says that more companies are making #IoT solutions a near-term priority.    The report by Forrester Consulting, “Building Value from Visibility: 2012 Enterprise Internet of Things Adoption Outlook,”  was commissioned by Zebra Technologies Corporation, which makes marking and printing technologies, including RFID and real-time location solutions.

According to Forrester, among those companies surveyed, 53% plan to implement an IoT solution in the next two years, and another 14% plan to do so in 2-5 years. 15% of the organizations already have an IoT solution in place. Transportation and logistics, as one might expect, lead the field: 21% of those businesses already have IoT solutions.   By contrast, only 3% of health care institutions surveyed have IoT solutions in place.

The study shows that “many organizations are using technologies such as barcoding, RFID and GPS to gain greater visibility into the location, condition, timing and accuracy of the events occurring in their value chains.”

According to the study, “a variety of forces are aligning to drive increased enterprise demand for Internet of Things solutions, including declining device costs and widely deployed IP networks. While supply chain visibility and asset tracking are the top issues organizations hope to address with these solutions, the top benefits for surveyed North American enterprises include loss prevention, cost efficiencies and supply chain.”

Zebra’s own IoT targets include patient identification, inventory management, and food traceability.

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