Date post: | 11-Aug-2015 |
Category: |
Business |
Upload: | tata-consultancy-services |
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in 4 regions
Some Companies are Investing Big in the IoT
Mobile Apps Top the IoTAdoption Charts
1
spoke about how they use IoT technologies forPremises monitoring
Product monitoring
Customer monitoring
Supply chain monitoring
Ways in which companies use IoT technologies
And are investing more too...
Figures represent percentage of total revenue spent on IoT initiatives
Average per-company IoT spend
$86M $103M
3
North American and European CompaniesLead the Way in IoT Technology Use4
Industrial Manufacturers are Ahead in the IoT Game6
Through wearabletechnologies
To monitor business premises25%
Embed digitalsensors in products25%
14%
with $22b average revenue
from 13 industries
795companies
revenue gain in 2014 through IoT initiatives, the highestamong all industries surveyed
average IoTspend in 2015
Personalized products and services
Customer segmented market strategies
Product usage insights for servicerepresentatives
Early issue detection
~29%
Identifying and pursuing new business and revenue opportunities
Being able to gather, process, and analyze huge amounts of digital data/Big Data
Determining what data to capture from the IoT
Strategic
Cultural
Technology
Determining what technologies to develop internally or externally
Strategic, Cultural, and Technology Factors Will Determine IoT Success7
7 Di�erentiating Strategies of IoT Leaders8
Among 65 IoT leaders
KEYFINDINGS
spend ~8x
more on the IoT than
The More Expensive the Product,the Greater the IoT Spend2
To track app activity47%
In production and distribution operations45%
North America
Latin America
$121.28M
Having top management believe in the IoT's value, with willingness to invest in it
Changing sta� mindset on customers, products, and processes
2015 2018
The IoT Has Had Far-reaching Impact5
0.34%
0.40%
0.45%
0.23%
Europe
Asia-Paci�c
48%are monetizing customer product usage data
*** **Make IoT reliable in the �eld by reducing security risks
Digitally reimagine their businesses to create value for customers
Deal better with organizational resistance to the truth IoT technologies can reveal
Respond swiftly to insights revealed by data
Understand the breakthrough potential of the IoT in delivering real insights
Invest selectively before making large investments
Deliver value through new business models, product and service o�erings, product bundles, and data
Companies with
products priced >$10M
Companies withproducts priced <$100
25xrevenue gain as compared to IoT followers
97%have made changes to their business model to accommodate IoT
www.tcs.com/internetofthings @TCS_News#TCSIoT
45% have increased their service business as they can monitor product usage
INTERNET
TCS Global Trend Study 2015 TCS Global Trend Study 2015
OF
THE COMPLETE REIMAGINATIVE FORCE
THINGS