IoT Strategy A Top Challenge

Increased efficiency is the main reason that businesses are investing in IoT development, according to 38.3% of respondents, followed by the pursuit of a competitive market advantage (28.4%). Other drivers for IoT investment include market share growth (15.9%) and cost savings (14.9%). Hardware engineering is the area of most current expertise in the IoT field, according to 30.4% of survey respondents. The area of greatest interest for further skills training involves sensors development (57.7%), followed by systems design and integration (32.3%) and data analytics (28.9%). Other technical skills that respondents are interested in acquiring include artificial intelligence and machine learning (27.4%), and security (20.9%).