U.S. Firms Push for Scalable IoT Projects With Rapid ROI

Companies, providers move from single-purpose proofs of concept to using IoT data, analytics for digital transformation, ISG Provider Lens™ report says STAMFORD, Conn., July 20, 2023 –( BUSINESS WIRE )–U.S. enterprises are beginning a shift from discrete IoT projects to broader initiatives that tackle major objectives such as sustainability, according to a new research report published today by Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm. The 2023 ISG Provider Lens™ Internet of Things — Services and Solutions report for the U.S. finds that enterprises and service providers have realized the granular data collected by IoT can create unexpected capabilities and help to enable digital transformation. While chip shortages impeded IoT implementation in 2022, the U.S. continues to see healthy demand for IoT services and solutions. "Solving one problem isn’t enough. Rapid scalability is essential," said Matteo Gallina, digital engineering solutions lead, Americas, at ISG. "Companies investing in IoT expect fast ROI, speed to market and accelerated benefits." In addition to deploying IoT for purposes such as predictive maintenance, proactive interventions and more efficient operations, enterprises are using IoT-generated data and analytics power to improve customer engagement and create new […]

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