The TCS Global Trend Study 2015 looks at findings on how IoT technologies are being used in four regions of the world and 13 industries, as well as the keys to generating business benefits from them.
Internet of Things: The Complete Reimaginative Force
1. in 4
regions
Some Companies are
Investing Big in the IoT
Mobile Apps Top the IoT
Adoption Charts
1
spoke about how they use IoT technologies for
Premises
monitoring
Product
monitoring
Customer
monitoring
Supply chain
monitoring
Ways in which companies
use IoT technologies
And are investing more too...
Figures represent percentage of
total revenue spent on IoT initiatives
Average per-company IoT spend
$86M $103M
3
North American and European Companies
Lead the Way in IoT Technology Use4
Industrial Manufacturers are
Ahead in the IoT Game6
Through wearable
technologies
To monitor business
premises25%
Embed digital
sensors in products25%
14%
with $22b
average revenue
from 13
industries
795
companies
revenue gain in 2014 through
IoT initiatives, the highest
among all industries surveyed
average IoT
spend in 2015
Personalized
products and
services
Customer
segmented
market strategies
Product usage
insights for service
representatives
Early issue
detection
~29%
Identifying and pursuing
new business and revenue
opportunities
Being able to gather, process,
and analyze huge amounts of
digital data/Big Data
Determining what data
to capture from the IoT
Strategic
Cultural
Technology
Determining what
technologies to
develop internally or
externally
Strategic, Cultural, and Technology
Factors Will Determine IoT Success7
7 Differentiating Strategies
of IoT Leaders8
Among 65 IoT leaders
KEY
FINDINGS
spend ~8xmore on the IoT than
The More Expensive the Product,
the Greater the IoT Spend2
To track app activity47%
In production and
distribution operations45%
North America
Latin America
$121.28M
Having top management
believe in the IoT's value,
with willingness to invest in it
Changing staff mindset
on customers, products,
and processes
2015 2018
The IoT Has Had Far-reaching Impact5
0.34%
0.40%
0.45%
0.23%
Europe
Asia-Pacific
48%
are monetizing
customer product
usage data
*** **
Make IoT
reliable in
the field by
reducing
security risks
Digitally reimagine
their businesses to
create value for
customers
Deal better with organizational
resistance to the truth IoT
technologies can reveal
Respond swiftly
to insights
revealed by data
Understand the
breakthrough
potential of the
IoT in delivering
real insights
Invest selectively
before making
large investments
Deliver value
through new
business models,
product and
service offerings,
product bundles,
and data
Companies with
products priced >$10M
Companies withproducts priced
<$100
25x
revenue gain as
compared to IoT
followers
97%
have made changes
to their business
model to
accommodate IoT
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#TCSIoT
45%
have increased their
service business as
they can monitor
product usage
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TCS Global Trend Study 2015TCS Global Trend Study 2015
OF
THE COMPLETE REIMAGINATIVE FORCE
THINGS