Future business success will depend heavily on IoT deployments, according to 58% of business leaders questioned for a new study by Vodafone.
Among businesses up to 49 employees, 41% believe IoT is vital for success, rising to 67% across large enterprises (2,500-plus employees).
Anne Sheehan, Enterprise Director, Vodafone UK, commented: “IoT can drive innovation and value within an organisation, helping it to achieve operational efficiencies, build more valuable relationships with its customers and facilitate entirely new business models.
"I believe it offers all organisations a huge opportunity to thrive in this digital age, and they must seize this opportunity now.”
The findings form part of a wider report on the digital journey being undertaken by UK organisations. It stated that 79% of businesses see digital transformation as a strategic priority, with key benefits including improving efficiency, improving the customer experience and remaining competitive.
To drive their digital agenda forward 82% of businesses say investing in new technology as a priority.
These include real-time analytics, unified communications, Artificial Intelligence and Blockchain.