Businesses View The Internet of Things As Strategic

Enterprises are realizing the value of IoT to their businesses – IDC also found that 55 percent of respondents see IoT as strategic to their business as a means to compete more effectively.

"There's a lot of education taking place in the market, and now IoT is such a hot topic that customers are talking about it with vendors or attending events to learn more," said MacGillivray.

Enterprises listed productivity improvements, reduced costs, and automated internal processes as top benefits of IoT offerings – highlighting an internal and operational focus by organizations over the short term as opposed to external, customer-facing benefits, noted IDC's report.