The tenth and final post in a series of blogs taking a closer look at Zebra's 2014 global study, commissioned by Forrester Consulting, on IoT implementation in the enterprise. The series will culminate in a Twitter chat discussing the Internet of Things.
Latin America is one of the regions leading the way in implementing Internet of Things (IoT) solutions in the enterprise. IoT solutions in Latin America, specifically Mexico, Brazil and Argentina, have grown from servicing the supply chain process to adding visibility to the healthcare, government offices and hospitality industries.
In a Forrester Consulting study commissioned by Zebra Technologies, Latin American respondents across the government, hospitality, manufacturing, agriculture, retail, transportation & logistics, healthcare, consumer products, and oil industries shared their companies’ status on IoT solutions. These individual companies range in size from 250 employees to 20,000 employees. Nearly 90 percent of Latin American industries and companies are ready to make changes required to adopt IoT solutions compared to 80 percent of industries, companies and teams globally. Additionally, 60 percent of respondents already have IoT implementations and 20 percent are planning to deploy them within a year.
The rapidly growing implementation of Wi-Fi, RFID, Bluetooth and sensors have brought on the IoT revolution, which is believed to be the most transformative technology in the next decade by 99 percent of respondents. For Latin American companies surveyed, most believe that the top benefits of adopting IoT solutions include:
Loss prevention (57%)
Improved customer service (53%)
Improved delivery process (50%)
Most respondents also expect IoT to provide operational and actionable data on location and condition, which will empower process and cost optimization, enhance relationships and mitigate risk while enabling new functionality, expanding portfolios and promoting collaboration. The two biggest issues organizations are planning to address over the next two years by implementing IoT solutions are asset location and asset identification, with 21.9% of respondents agreeing to each.
We can expect the IoT movement to continue its rapid growth. Since Zebra Technologies commissioned its first Forrester IoT study in 2012, IoT implementation has grown by 333 percent, demonstrating that in order for businesses to flourish, IT departments and CIO’s across all industries must be integrating IoT solutions.
Download the Forrester study Zebra commissioned here.