A recent article by Forbes, “Where Internet of Things Initiatives Are Driving Revenue Now” offers several insights from a recent IoT Global Trend Study performed by Tata Consulting Services. The study surveyed 795 industrial manufacturing executives – here are some key takeaways: Industrial manufacturers predict IoT initiatives will increase revenue 27.1% from 2015 to 2018. 47.7% of market leaders are driving revenue from customer product usage data versus 20% of IoT follower companies. Priorities that enterprises are assigning to IoT initiatives: Product monitoring (31.1%) Customer monitoring (26.6%) Supply chain monitoring (23.2%) Premises monitoring (19%) Top two areas where business models…

Source: blogs.flexerasoftware.com

The study surveyed 795 industrial manufacturing executives – here are some key takeaways:

• Industrial manufacturers predict IoT initiatives will increase revenue 27.1% from 2015 to 2018.
• 47.7% of market leaders are driving revenue from customer product usage data versus 20% of IoT follower companies.
• Priorities that enterprises are assigning to IoT initiatives:
  • Product monitoring (31.1%)
  • Customer monitoring (26.6%)
  • Supply chain monitoring (23.2%)
  • Premises monitoring (19%)
• Top two areas where business models being re-defined by IoT initiatives:
  • Increasing the service business (40%)
  • Driving revenue with customer product usage data (27%)
• By 2020, IoT initiatives are projected to:
  • Increase the services business (40.3%)
  • Drive greater revenue with product usage data (28.7%)
  • Bypass entities in the distribution channel (22.8%)