The ‘Internet of Things’ (IoT) may be the most confusing idea conjured up by the tech industry since the advent of the ‘cloud.’ But a recent survey clearly shows that the first round of IoT deployments are already generating meaningful business results, which will encourage others to get onboard the IoT train.

I’ve been warning IT executives and other professionals to get ready for their responsibilities to dramatically change for a couple of years. Rather than ‘just’ being responsible for managing hardware systems and business applications, IoT puts IT in the middle of the product/service development process. It also makes IT responsible for ensuring the timely delivery and maintenance of products and services. And, as a result, IT is now directly impacted by the success or failure of new products and services in the marketplace.

The good news is that a majority of IoT initiatives are reaping substantial returns on investment (ROI), according to the third annual Vodafone Machine-to-Machine (M2M) Barometer Report.

Click here to read THINKstrategies’ views in Datamation about the market implications of the report findings and other important trends which clearly demonstrate that IT and corporate decision-makers should start studying today’s IoT realities and determine how they are going to capitalize on IoT in the future.

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