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Economics of Connections: What It Means for Digital Transformation

By  Paragon Solutions Paragon Solutions  on 2016-03-30 16:31:25  |  Featured in  Communications
Paragon Solutions
Posted By Paragon Solutions
in Communications
on 2016-03-30 16:31:25

Digital.Transformation.Internet.Of.Things.Trends.2016.jpgBusiness and IT leaders must structure their business and technology investments in a way that will capitalize on the new economic realities of a digital economy.

So says Gartner's Betsy Burton, vice president and distinguished analyst. Recently, Burton shared that, in the flash of a digital business moment, a customer may become a partner or even competitor. 

What does this mean for the digital transformation journey? 

As digital transformation pushes forward, the Internet of Things (IoT) will move toward mainstream adoption in 2016 for many industries, according to the findings of a recent survey by Gartner.

The online survey was conducted in November 2015 among Gartner Research Circle Members and included responses from 465 IT and business professionals spanning 18 business sectors in North America, EMEA, Asia/Pacific and Latin America. 

Although less than a third (29 percent) of responding organizations are currently using IoT, an additional 14 percent are planning to implement IoT in the coming 12 months, with an additional 21 percent planning to implement after 2016. In other words, the number of organizations adopting IoT will grow 50 percent in 2016, reaching 43 percent of organizations overall. In aggregate, the majority of organizations (64 percent) plan to eventually implement IoT. Gartner estimates that slightly more than half (56 percent) of businesses in asset-intensive "heavy" industries will have implemented IoT by the end of 2016, and approximately one-third (36 percent) of "light" or "weightless" will do so.

What's Next?

It is clear - 2016 will be a significant year for IoT adoption, as more and more progressive, competitive and market-leading businesses face the realization that digital transformation is moving mainstream. Ready or not! To survive in the digital transformation age, enterprises must embrace leading digital strategies and technologies driven to transform collaborative processes and operational efficiencies, as well as drive new levels of customer service and operational performance.

Gartner is a global leading information technology research and advisory company. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works to research, analyze and interpret the business of IT. 

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