The Economists Unit Study

IoT helps CIOs and CTOs unlock new revenue opportunities from existing products and services

25% senior business leaders said that the use of IoT in their business is sparking a new wave of innovation due to the vast set of insightful data; 22% told that IoT is helping them unlock new revenue opportunities from current products and services. This and more such findings were revealed in Internet of Things Business Index,2017 study by The Economist Intelligence Unit. The study mirrored the business plans of 825 senior business leaders. Amongst these, 412 were either from companies’ board or were C-level executives. The study focused on evaluating the current and future applications of IoT by the global business community. Amongst the business leaders interviewed, 55% think that IoT technologies will promote internal cost-savings and generate revenues externally in the next thr...

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