The Economist Intelligence Unit IoT Business Index 2017

The Economist Intelligence Unit’s (EIU) latest state of the nation report on the internet of things (IoT) surveyed 825 senior business leaders, 412 of whom were C-suite executives drawn from around the world and representing ten industries. The objective was to update business’ IoT progress across global markets and sectors from 2013, when the first index report was published, until the present day. The respondents were split evenly between large firms with annual revenues of more than US $500m and small to mid-sized businesses.

The results are encouraging with the majority of respondents saying they feel an IoT-focused strategy will be critical to the long-term success of their companies. Many had already seen a marked impact, with an expectation the IoT would lead to greater revenues and spark a new wave of innovation.

The Internet of Things Business Index

The IoT is changing the way companies create and capture customer value as a number of high-profile examples used in the EIU IoT business index report 2017 illustrate. For example, the lighting division of electronics company Philips and the energy services company Cofely provide ‘light as a service’ to Schiphol, Europe’s fourth-busiest airport. The airport only pays for the light it uses, while Philips remains the owner of all fixtures and installations, taking joint responsibility with Cofely for system performance and ultimately end of life recycling.

Read The Internet of Things Business Index 2017: Transformation in motion

Read The Internet of Things business Index 2013: A quiet revolution gathers pace

The Economist says companies are embracing the Internet of Things

Simon Segars, ARM CEO, assesses what the Economist Intelligence Unit IoT Business Index 2017 tells us about the state of progress being made by businesses in the IoT.

 

 

post from ARM CEO Simon Segars

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As one of the chief technical minds guiding the enablement of IoT technologies at scale, ARM’s CTO and co-founder, Mike Muller, talks about why he thinks the latest EIU survey is good news for developers looking to bring IoT products to market.

Watch the interview with ARM CTO Mike Muller

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