A report commissioned by Verizon looks today at enterprise adoption of the internet of things (IoT).
While only 10 percent of organisations currently are using IoT extensively, that picture will rapidly change.
Verizon said it saw a 45 percent increase in its IoT business last year, and a 135 percent increase in activations using 4G LTE, year on year.
The highest growth sector is manufacturing which saw a 204 percent increase in 2014, but other sectors are showing big growth figures too – finance and insurance experienced a 128 percent increase and media and entertainment 120 percent increase.
Verizon has a dedicated IoT VP. Mark Bartolomeo said: “IoT covers a multitude of solutions from wearable devices, to remote monitoring of energy management devices to industrial transportation.”
He said Verizon has seen a number of new entrants creating an IoT “roadmap”.
Currently, Verizon estimates that by 2020 there will be around 5.4 billion connections globally.
