A new study by Forrester Consulting revealed that Asian enterprises are turning into reality the concept of 'Internet of Things' (IoT) as they see the business benefits of adopting this new technological approach.
The global study was commissioned by Zebra Technologies Corporation, which specialises in technologies for marking and printing, such as RFID and real-time location solutions, and was conducted early this year across a range of industries, including manufacturing, healthcare, oil/gas/petroleum, retail, hospitality, transportation and logistics.
The study tried to assess if companies are planning for IoT, a concept which tries to identify any "thing" on the Internet infrastructure with virtual representations. Among the current technologies that can be used to identify a "thing" could be RFID, bar codes, and GPS.
The study revealed that 95 percent of respondents - who are IT decision makers - agree with the common definition of IoT. In fact, Zebra said the study revealed that "Asia leads the world in implementing IoT solutions and organisations have more aggressive timelines for implementation."
The Zebra survey defined IoT solutions as smart interconnected devices that provide more visibility into the organisation's operational events.
The results also revealed that:
- 21 percent of respondents in Asia have an IoT solution in place compared to only 15 percent of organisations globally; and
- within the next 12 months, 50 percent of Asian organisations plan to implement IoT compared to only 30 percent globally, and another 19 percent in the next one to two years.
"Organisations in Asia crave not only smarter ways to track and manage assets, but also insights that can drive new, breakthrough ideas for their organisation," said Rod Rodericks, vice president and general manager, Asia Pacific, Zebra Technologies.
He noted that even the Singapore IDA Infocomm Technology Roadmap (ITR) 2012 has already
identified IoT as one of the technology themes for the year that bring about "tangible business benefits from improved management and tracking of assets and products, new business models and cost savings."
The study showed that among the IoT technologies, barcoding, RFID, and GPS are used by enterprises "to gain greater visibility into the location, condition, timing and accuracy of the events occurring in their value chains. "
Eight in 10 IT decision makers in Asia identified barcodes, active RFID tags and passive RFID tags are "important" or "very important" devices for enabling IoT solutions. More than seven in 10 IT decision makers in Asia identified device manufacturers as the partners to help them realise the benefits of implementing IoT solutions.
Among the industries, 21 percent in the transportation and logistics sector globally already have IoT in place, compared to only three percent in the healthcare sector.
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