This early enthusiasm is being tempered by businesses taking a closer look at what the IoT is and what it can do for them. Some have already decided the IoT isn’t for them. A report published by the Economist Intelligence Unit, and co-sponsored by ARM and IBM, found that 9% of respondents to its survey concluded the IoT will have no impact on their business and never will.
The survey was compiled from the responses of business leaders from 825 companies around the world, 50% of which have turnovers of more than $500million a year. And 50% of those responding are from the so-called ‘C suite’ – chief something or other.
Yet, despite all the coverage, 6% of these business leaders have never heard of the IoT – or say they haven’t. It does make you wonder.
