8
a step change in adoption
Source: Economist Intelligence Unit
0-2 = non-existent
2-4 = in research
4-6 = in planning
6-8 = early implementation
8-10 = extensive
0.
1.
2.
3.
4.
5.
6.
7.
8.
Internal operations Products and services
Out
sour
ced F
acilitites
Agricultur
e & F
ood
Info
rmation Technology
Consumer Construction & Real estate
Manufgoods & Retail
acturin
g
Financial Ser
vices
Infr
astructur
e
Health, Biotech & Phar
ma
Ener
gy & Natu
ral
resour
ces
Automotiv
e
5.
6.
5.
6.25 6.16 6.
5.44 5.
6.40 6.
5.
6.79 6.52 6.
7.21 7.03 7.
6.
6.
7.39 7.
6.
Figure 2: Progress by industry
Industry scores for the IoT Business Index 2020
Source: Economist Intelligence Unit.
0%
5%
10%
15%
20%
25%
30%
35%
40%
2017 2020
Up by
more than
100%
Up by
between
51% and 100%
Up by
between
11% and 50%
Up by
between
1% and 10%
Stayed
the
same
Down by
between
1% and 10%
Down by
between
11% and 50%
Down by
between
51% and 100%
Figure 3: Accelerating investment
How IoT investment grew in the past three years, 2017 vs 2020
(% of respondents)
0% 0%
1%
17%
26%
36%
15%
4%
0% 0% 2%
25%
21%
28%
12%
1%
