Enterprises are spending as much on the Internet of Things as on cloud, mobility and analytics, according to Vodafone’s annual research into the sector.
The operator’s 2016 IoT Barometer found that respondents are dedicating 24 percent of their IT budgets to the IoT.
This is slightly more than is being allocated to mobility (23 percent), cloud (23 percent) and analytics (22 percent).
The survey covered 1,096 people in 17 countries across nine industry verticals.
Currently, 28 percent have at least one “live” IoT project although 76 percent said the IoT would be “critical” for future success.
The most popular types of use cases include fleet management and remote vehicle monitoring, building automation, security, automating supply chains, and creating new connected home and usage based-insurance (UBI) products.
Almost half, 46 percent, of respondents who have launched an IoT project said they planned to launch their own connected product within two years.
Erik Brenneis, Vodafone’s Director of IoT, noted that the operator was in talks with insurers in Italy, Spain and the UK about developing UBI-related services. Read more