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1. Critical decisions demand data-driven insight, and today’s business leaders are under
pressure to capture and understand the data from their entire ecosystem.
How IoT Data is Changing the Game
Top challenges that drive investment in IoT platforms
AMPLIFY THE IMPACT OF IOT
THE BENEFITS OF LEVERAGING IOT DATA
Better Decisions Made in Less Time
Companies incorporating IoT data into their key decisions are:
Increased Visibility and Insight
Key Characterestics of Best-in-Class IoT users include:
Enhanced Performance
Companies should be committed to not only capturing and storing IoT
data, but also maximizing its value. Doing so will enable organizations
to generate richer insights with increased visibility and elevated
performance for the entire business.
Respondents need
greater visibility into
manufacturing
processes
30%Respondents find
that large
volumes of IoT data
are underutilized
46%
more likely to
provide business leaders
with on-demand
access to asset &
service performance
information
73%
more likely to have
the ability to
integrate machine/
device data with
business solutions
(i.e. ERP, CRM)
78%
more likely to have
policies for data
governance/
oversight
63%
Respondents claim
Field Service
operations are
inefficient
23%
improvement in
asset uptime/
utilization
the year-over-year
increase in
operating profit
4.3X
5XLeading-edge
companies are exploring
technologies like advanced
analytics, machine learning,
& artificial intelligence to
drive the business forward.
Best-in-Class IoT users have:
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more likely to see
improved accuracy
of data analysis
43%
53%
85%
more likely to see
an increase in
decision speed
34%
74%
55%
IoT Users
All Others