IoT Business Report

Defining IoT Business Models

Monetising IoT investments, maximising IoT skills and addressing IoT security

With a current market valuation of $900bn , the potential for IoT is huge but many businesses are still grappling with how it can benefit their organisation and how exactly to get started. Canonical recently surveyed over 360 IoT professionals to examine their current and future challenges plus opportunities that exist for organisations looking to become IoT ready.

  • 53% believe that quantifying ROI and providing a clear use case is their most immediate challenge in adopting IoT
  • 68% of professionals are struggling to hire employees with IoT skills
  • 57% believe the security of IoT devices should be a joint responsibility

  • This report looks at three key elements that businesses need to consider including how they can monetise the internet of things in the long term, what skills they need and where to find them and finally, how to address fundamental security considerations.