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Most Companies are Still Lagging Behind to Adopt IoT and Connected Devices

Most Companies are Still Lagging Behind to Adopt IoT and Connected Devices

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With technology picking up the pace, most industries are not yet ready to accept the next change. Several researches conclude that many companies are still lagging behind from adopting this modern form of technology. And, if enterprises don’t prepare themselves, chances are, they might end up building a wall between themselves and their future goals.

The latest survey conducted by profound Australian Tech Company extracted data from 118 automobile firms and 674 health institutes, located all over the globe.

The report concluded that two-third of the automobile company are not using IoT sensors in their cars, and the interested companies are facing difficulties while integrating IoT sensors and chips in their products. On the other hand side, 70% of health institutes don’t have any connected healthcare equipment.

Here is the jaw-dropping fact, more than 95% companies stated that they are interested in implementing Internet of Things and connected devices. Most companies believe that the IoT and connected devices can change their operational process and enhance their overall performance. And, confessed that they are lagging behind to embrace modern technologies, preventing them from optimizing their resources to the fullest. Today, companies want to design products as services, but they are not familiar with the core concept of modern digital technology i.e. IoT and connected devices.

Out of 118 automobile companies, 113 companies suggested that implementation of the IoT sensors is becoming more than necessary. To, survive in this cut-throat market, they need to follow strict regulations. Otherwise, they might lose their business. Most companies even agreed that connected vehicles are the future of automobile industry. And as competition is rising, automotive companies should adopt the latest technological trends fast.

Healthcare institutes argued that individuals should use connected health care instruments. Modern healthcare accessories such as FitBit bands, Apple Smart Watch and HAPIfork can help reduce health casualties and pre-inform patients about their medical condition. Besides that, hospitals should also consider modern connected equipment to take medical care to the next level.

Apart from health and automobile industries, dozens of other industries have a significant gap in areas like data analysis, technical skills, and knowledge base. In simple words, most companies know how important IoT is for their business, but are neglecting its integration.

However, in the long run, the companies who are serious about implementing IoT will prosper and thrive, while others will be left behind in the competition.