This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

75 Percent Of Global Business Leaders Are Exploring The Economic Opportunities Created By The Internet Of Things

ARM ® today unveiled the findings of a new comprehensive report by the Economist Intelligence Unit, The Internet of Things Business Index: A quiet revolution gathers pace . The report, sponsored by ARM, found that 75 percent of C-suite business leaders are actively researching opportunities created by the Internet of Things (IoT). The report also revealed that 30 percent of business leaders feel that IoT will unlock new revenue opportunities, but just as many (29%) believe it will inspire new working practices, eventually changing the model of how they operate (23%). The report concludes that the implementation of common standards will be paramount to enable communication between millions of connected devices and stop the ‘Internet of Silos’.

ARM CEO Simon Segars says: “The Internet of Things runs on ARM. By connecting the next 30bn devices, the ARM ecosystem is transforming lives by improving the management of our cities, health services, environment and education systems. Our technologies provide the functional building blocks in a huge range of products including cars, heart monitoring systems, washing machines and lighting. Energy efficiency and miniaturisation are essential in these technologies, for example, the ARM Cortex-M0+ processor fits within the width of the average human hair - an essential component if we are to unlock the full business benefits of IoT. With this kind of innovative design, alongside our diverse, dynamic business ecosystem, we can unlock the full business benefits of IoT.”

The report highlights the need for a collaborative approach with companies needing to ‘learn to cooperate with players across industries’, encouraging standards that will avoid the so-called ‘Internet of Silos’ where data is created, but not shared amongst service providers to benefit the user.

Who is leading the charge?

  • European businesses are ahead (see page 7 of report) of their global counterparts on the leader-board, in the research and planning phases of implementing IoT
  • Manufacturing is leading the way (see page 7 of report) with IoT amongst the industries tracked, driven by the need for real time information to optimise productivity. One in four manufacturing companies already has a live IoT system in place. This sector is followed closely by construction and real estate

The top five barriers for companies increasing the use of IoT (top responses) are:

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs