According to a global study of 3,100 Business decision and IT makers, Internet of things (IoT) had great results in the first time investment itself but now by 2019, it is predicted that there will be a bloom in its technology. Specifically, in the retail sector around 81% of them have reported improved customer experience which earlier was reported to be around 49% respondents.
The Internet of Things: Today and Tomorrow, a study published by Aruba revealed that there will be 85% of businesses plan to implement IoT by 2019. For future, great results from early implementation will continue to add interest.
For example, There were only 16% business leaders who projected a large profit gain from IoT investment whereas 32% realized that profit will be in adoption. Around 29% of executives expected business efficiency improvement but in the real-world results showed up to 46% efficiency gains.
Along with monitoring and maintenance, Delivering personalized offers and product information was leading in the IoT use cases. Out of 10, there were 4 retailers who ranked surveillance in top three key use cases.
Regrettably, increase in IoT could result equally in a rapid expansion of data breaches. According to a study done, it was found that around 84% of the organization have reported an IoT related security breaches.