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IoT Adopters in APAC Reap Significant Business Gains

frost & sullivanDecision makers must come to terms that the Internet of Things (IoT) is no longer a futuristic concept. Many enterprises are already progressing beyond the conceptualization stage and embarking on their IoT deployment. However, it is important to understand that as with all new digital initiatives, IoT implementation is a journey.

Frost & Sullivan‘s latest survey comprised 300 respondents in Australia, Hong Kong, and Singapore, and sought to understand the IoT maturity of enterprises and the impact of IoT adoption on business performance. The study also looked at respondents’ attitudes and perceptions towards IoT and other enabling technologies, and how IoT is being implemented in their organizations.

“Close to 40% of enterprises in Australia, Hong Kong, and Singapore have already embarked on their IoT journey and realized significant gains in their business performance,” said Spike Choo, Director of Cognitive Industries (IoT and AI), Frost & Sullivan. “Our study shows that enterprises surveyed have experienced improvement in overall business metrics of 12.1% after implementing IoT initiatives.”


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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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