Recently, Microsoft published a report detailing how 168 decision makers use the internet of things in their retail business operations.Included in the report is an analysis of how the IoT is used, as well as insight on adoption rates, challenges, and emerging trends with the technology.
Some key takeways from the report include several surpising statistincs.
“44% of retail IoT decision-makers indicated that AI is a core component of their IoT solutions.”
“87% of those surveyed consider IoT as critical to their business success”
These statistics show that the Internet of Things is not only taking a bigger role in the personal lives of its users, but it is becoming the foundation for how most tasks will begin to be conducted in the future. The majority of the businesses surveyed rely on the Internet of Things to run their operations and they see it as an essential part of their operation. Other interesting statistics drawn from the report include 69% of participants believing that the IoT will increase efficiency, 64% believing that it will help cut costs, and 62% belieiving that it will give them a competitive advantage.
With more widespread adoption of this emerging technology, some people are worried that their jobs are at risk. The likelihood is, they’re probably fine. The IoT is mainly used as an efficient tool, and if anything, it will make their existing jobs easier the more it is adopted in businesses.
Recently, Microsoft published a report detailing how 168 decision makers use the internet of things in their retail business operations.Included in the report is an analysis of how the IoT is used, as well as insight on adoption rates, challenges, and emerging trends with the technology.
Some key takeways from the report include several surpising statistincs.
“44% of retail IoT decision-makers indicated that AI is a core component of their IoT solutions.”
“87% of those surveyed consider IoT as critical to their business success”
These statistics show that the Internet of Things is not only taking a bigger role in the personal lives of its users, but it is becoming the foundation for how most tasks will begin to be conducted in the future. The majority of the businesses surveyed rely on the Internet of Things to run their operations and they see it as an essential part of their operation. Other interesting statistics drawn from the report include 69% of participants believing that the IoT will increase efficiency, 64% believing that it will help cut costs, and 62% belieiving that it will give them a competitive advantage.
With more widespread adoption of this emerging technology, some people are worried that their jobs are at risk. The likelihood is, they’re probably fine. The IoT is mainly used as an efficient tool, and if anything, it will make their existing jobs easier the more it is adopted in businesses.
LIS 4022 Spring 2020 