Product Usage Data Driving Company Interest in IoT Technologies, Says Survey

More than 90 percent of companies will be using IoT technologies within two years, said a TIA Survey Wednesday. Some 48 percent of U.S. businesses are using IoT solutions today, and another 43 percent expect to deploy them within 24 months, it said. IoT will become a mainstream part of business by 2019, said TIA, and survey findings show that companies expect 44 percent of IT budgets in 2020 to be dedicated to IoT development and maintenance. A key theme in survey findings: companies have accepted the value of data to their business, with 72 percent planning to use IoT to capture data on product feature usage, said the survey.