IoT spend set to increase


The report Voice of the Enterprise: IoT – workloads and key projects says that “65.6% of respondents plan to increase their spending on IoT projects in the next 12 months, with the average spend increase totaling 17.7%. Only 2.7% of respondents are planning to decrease spending.

Projects that will be the focus of increased spending are increasing storage capacity (32.4%), network edge equipment (30.2%), server infrastructure (29.4%) and off-premise cloud infrastructure (27.2%).

Increasing storage is one of the top areas impacted by IoT – specifically in company-owned data centres.  Only one-third of respondents store analysed data off site in the cloud, although the report states that “cloud storage can offer organisations more flexibility and significant cost savings over the long term of storing IoT data.”

Approximately half of the respondents reported that they process data at the edge, either on the device (22.2%) or in nearby IT infrastructure (23.3%).

“Companies are processing IoT workloads at the edge today to improve security, process real-time operational action triggers, and reduce IoT data storage and transport requirements,” Rich Karpinski, research director for the report said.

“While some enterprises say that in the future they will do more analytics – including heavy data processing and analysis driven by big data or AI – at the network edge, for now that deeper analysis is happening in company-owned data centers or in the public cloud.”

The top IoT use cases being deployed are data center management and surveillance, and security monitoring. Over the next two years, IoT project priorities are operations-focused facilities automation and line-of-business-centric supply chain management.