Indian CIOs keen on adopting Internet of Things

by CXOtoday News Desk    Oct 11, 2012

billing rfidInternet of things (IOT) is no longer a concept. These technologies are increasingly helping enterprises to solve business challenges, drive innovation and enhance productivity, said a recent study conducted by Zebra Technologies Corporation.

The study showed that Indian businesses are leading in terms of adoption of IOT related technologies as against their global counterparts. Nearly 30 percent of organisations in India are shown to have implemented some form of IOT solutions in place as compared to 15 percent of organizations globally. Nearly 92 percent of CIOs interviewed are aware of the benefits it can bring to business and seven out of 10 organisations in India are planning to implement IOT Solutions within the next 2 years as compared to 5 in 10 organisations globally.

“Companies across multiple industries are already using IOT technologies to track and manage physical assets, enhance customer experience, reduce costs and improve supply chain visibility, among other functions,” said Sachin Tare, Head - Indian Subcontinent, Zebra Technologies Corporation. He believes that in the next one year, many more organisations are going to use IOT technologies to boost productivity occurring throughout their value chain so they can act upon them to make smarter decisions and spur innovation.

Nearly 15 years ago, RFID technology pioneer Kevin Ashton used the term Internet of Things that he said could change the world completely. Internet of Things solutions are smart interconnected devices that provide more visibility into the organization’s operational events.

Tare believes that while we are still in the early stages of broad IoT implementation, enterprises are feeling positive about a more interconnected world, with some already visible benefits, such as retailers employing item-level tracking to streamline inventory management and reduce costs.

The survey revealed that many organisations are using enabling IOT technologies such as barcoding, RFID, and GPS to gain greater visibility into the location, condition, timing and accuracy of the events occurring in their value chains. Nearly 80 percent of CIOs and IT decision-makers in India identify barcodes, active RFID tags and passive RFID tags as important or very important devices for enabling IOT solutions and nearly 60 percent identify device manufacturers as partners to help them understand the benefits of implementing the technologies.

Citing examples, Tare informed Internet of Things can solve complex business challenges, such as patient identification, which enables healthcare providers access to tracking technologies that help protect patients from medical errors and support electronic health records or inventory management, in which retailers use technologies to improve inventory tracking and enhance the shopper experience and food traceability where food suppliers and distributors have access to electronic traceability to capture information in the event of a major food recall.

The study also revealed that factors driving increased IOT adoption in enterprise include declining device costs and widely deployed IP networks.