Companies are rapidly adopting IoT even though many don’t know if they’re getting a good return on their investment.
Two-thirds of companies are now using or planning to use IoT, according to a global survey by research firm Strategy Analytics. That’s up from just 32 percent last year.
But 51 percent of those aren’t sure whether the new technology is paying off, said Laura DiDio, an analyst at the firm.
That doesn’t necessarily mean the internet of things isn’t saving them money or improving their businesses, DiDio said. But many organizations evaluate and deploy new technologies in such a fragmented way that they don’t know the full effects of their actions. It’s actually better with IoT than with most other new technologies, where an even higher percentage can’t measure the benefits, she said. But a disorganized approach isn’t helpful in any case.