Bidding big on IoT
A wide range of consumer technology companies are taking up IoT as the main area of focus. Moreover, IoT has started making its way to critical mass in the enterprise.
India specifically is focusing lot on IoT in recent years, and Vodafone’s range of IoT solutions include Vodafone Location Tracker, Automotive Telematics, Remote Asset Management, Managed IoT Connectivity Platform, Wireless Payment solutions, Security & Surveillance solutions, Smart Metering solutions and Special SIMS designed for operating in unfavorable conditions.
According to the most recent Vodafone IoT Barometer report, 24% of businesses’ IT budgets are being allocated to IoT, 76% of businesses say that IoT will be ‘critical’ for the future success of any organisation in their sector, 48% of IoT adopters say they’re using IoT to support large-scale business transformation, and 86% of businesses in the industrial sector say they have seen “significant” return after implementing IoT.