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Only 5% Of Enterprises Have Used The Full Potential Of IoT: Deutsche Telekom Study

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Only 5% Of Enterprises Have Used The Full Potential Of IoT: Deutsche Telekom Study

According to a study conducted by Deutsche Telekom and its corporate customer subsidiary T-Systems, there is plenty of potentials in the sector of the Internet of Things (IoT). Only 5% of the enterprises surveyed had used the potential of IoT. The rest of the companies eagerly look forward to expand their IoT deployment.

Commenting on the study, Anette Bronder, head of T-Systems’ Digital Division said, “IT decision-makers are thinking a lot about IoT and predictive maintenance because the opportunities they offer are obvious. But they also have a lot of security concerns – and we need to dispel those if we want to prepare the ground for the necessary infrastructure and to establish the IoT in Germany across the board.”

Among the managers surveyed, 73% of the managers said that they will invest in IT security prior to spending money on networks. The companies lack the technical prerequisites to meet the high expectations they have of a fully integrated production and value chain. Also, the companies do not have sufficient installations to deploy end-to-end IoT functionality.

“82% of respondents stated that, within the next four years, they wanted to have in place an IT landscape that was more than 50% networked,” the study said.

Among the sector of industries, the transportation and logistics segment is better networked than the mechanical and plant engineering sector. The logistics industry too employ IoT technology to achieve entirely new delivery concepts.

The insufficiency of technical know-how and the lack of necessary installations make the enterprises depend of external service providers to help them with their IoT projects. The companies expect the IoT to optimize their core processes and achieve greater transparency. IoT matters the most for bigger companies. Hence, there are chances that the bigger companies will dedicate a team exclusively to address the IoT.

The study, conducted by the market research firm PAC on behalf of Deutsche Telekom, revealed various aspects of organizational weaknesses in the category of IoT.

Ria Lakshman. V is a lead news writer at The Telecom Times. She studied Journalism at Manipal School of Communication and proceeded to work in newspapers and magazines, with technology as her focus area. Passionate about Telecommunications sector, her move to 'The Telecom Times' was a natural choice. Alongside, she also writes for Telecom Talk, where she covers news and tech commentaries in the sector of telecom. In the free time, Ria loves to go camping, read books, or sketch illustrations. She also runs a local design studio and promotes eco-friendly crafts. Ria can be found sharing her knowledge and insights on Twitter.

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