Enterprises Across the Region Are Embracing IoT as Important Emerging Technology
HONG KONG – January 18, 2018 — The internet of things (IoT) is heralded as a foundational technology for breakthroughs in artificial intelligence, robotics and other potentially broadly applicable advances. But for frontline decision makers – the executives charged with implementing IoT in their company – it can sometimes feel impossible to separate facts from hype. It can be even more daunting to discern the practical steps required to get started with IoT in their business.
To better understand the current state of IoT, Forbes Insights partnered with Hitachi Vantara to survey more than 500 senior executives around the world, including 220 in Asia Pacific who are leading IoT initiatives within their companies. A new report, “The Internet of Things: From Theory to Reality – How Companies Are Leveraging IoT to Move Their Businesses Forward,” sponsored by Hitachi Vantara, highlights the key findings from this research and addresses the following issues:
“Across the Asia Pacific region, it is clear that executives see the value in IoT initiatives,” said Bruce Rogers, chief insights officer at Forbes Media. “With 70% stating that they see IoT as either important or very important to their business, it is fast becoming a competitive differentiator that will affect almost every industry.”
Key findings for Asia Pacific:
“The findings of Forbes Insights’ survey clearly demonstrate the impact that IoT is already having on businesses across the APAC region. We are encouraged to see that a majority of businesses already view IoT as key to their future success,” said Daniel Chong, senior vice president of Asia Pacific at Hitachi Vantara. “What business organizations around the world share in common is the need to secure top-down support for their IoT initiatives at the outset and find a trusted innovation partner that helps them achieve their desired business outcomes.”
About this research
The data in this report is derived from a 2017 Forbes Insights survey of 502 executives who identified themselves as responsible for, or familiar with, the IoT activities of their companies. Respondents were based in Europe, the Americas and Asia Pacific, and represented a range of industries, with not one comprising more than 25% of the total. All respondents were director level or above and came from companies with 500 employees or more. Forbes Insights also conducted interviews with several senior executives to add context to the findings.
About Forbes Insights
Forbes Insights is the strategic research and thought leadership practice of Forbes Media, a global media, branding and technology company whose combined platforms reach nearly 94 million business decision makers worldwide on a monthly basis. By leveraging proprietary databases of senior-level executives in the Forbes community, Forbes Insights conducts research on a wide range of topics to position brands as thought leaders and drive stakeholder engagement. Research findings are delivered through a variety of digital, print and live executions, and amplified across Forbes' social and media platforms.
About Hitachi Vantara
Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd., helps data-driven leaders find and use the value in their data to innovate intelligently and reach outcomes that matter for business and society. We combine technology, intellectual property and industry knowledge to deliver data-managing solutions that help enterprises improve their customers' experiences, develop new revenue streams, and lower the costs of business. Only Hitachi Vantara elevates your innovation advantage by combining deep information technology (IT), operational technology (OT) and domain expertise. We work with organizations everywhere to drive data to meaningful outcomes. Visit us at www.HitachiVantara.com/en-us/.
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