The_Economist_Intelligence_Unit_-_The_IoT_Business_Index_2020

27

a step change in adoption

IoT data are pivotal to our current and planned use of AI

IoT data are one of many important sources for our current and planned use of AI

IoT data are not important to our current and planned use of AI

We do not use or plan to use AI

26

56

17

2

(% respondents)

Q7. To what extent does the use of IoT data feature in your organisation’s artificial intelligence (AI) strategy?
Select one

We have the internal expertise and resources required to ensure our use of IoT is secure

We rely primarily on specialist external advice to ensure our use of IoT is secure

We rely on our technology providers to ensure the IoT equipment they provide is secure

Our use of IoT presents no security issues

We do not use the IoT

31

32

25

8

5

(% respondents)

Q8. Which of the following best describes your company ’s approach to IoT security? Select one

(% respondents)

Q10. To what extent do you agree or disagree with the following?

Strongly

agree

Somewhat

agree

Neither agree

nor disagree

Somewhat

disagree

Strongly

disagree

Don’t know

Our progress with the IoT has not happened as fast as we expected

The use of the IoT at my organisation has been informed by an overarching data strategy

Our use of the IoT has delivered more than its expected return on investment

The IoT is one of the most important parts of my organisation’s digital transformation strategy

Understanding the value of data to our business has helped to articulate the business case for the IoT

The value of IoT data to my organisation has increased as we have developed our AI capabilities

Security and privacy concerns have diminished consumer interests in IoT products

Concerns about security mean that my organisation has no intention to pursue an IoT strategy

16 31 24 20 9

16 42 26 10 51

19 38 26 11 51

26 39 21 8 6

27 42 22 6 4

25 39 21 9 6

16 29 28 20 7

13 24 21 22 20

(% respondents)

Q9. How has your organisation’s investment in the IoT changed over the last three years? And how do you
expect it to change in the next three years?

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%
How has your organisation’s investment in the IoT changed over the last three years?

And how do you expect it to change in the next three years?

4 1

1

17

152

26

19

36

37

15

6 21