Industry & Business

‘Internet of Things’ Implementation Boosts Employee Production by Seven Hours Per Week – Survey

 Breaking News
  • Fine Grain Property acquires 60,000 square feet office development in Cork Airport Business Park New Year, new acquisition! Fine Grain Property is delighted to announce it has acquired a 60,000 square feet office development in Cork Airport Business Park. Plans are already afoot to carry out some important improvements to the Building that will benefit its existing tenants, including Aviva, Aon Hewitt, JLT and Genesis. In addition, a significant [...]...
  • Irish Technology Sector Has Overtaken Agriculture With 130,000 people now employed, the technology sector has overtaken agriculture as Ireland’s largest industry, according to Ken Finnegan (pictured above), formerly Chief Technology and Research Advisor for IDA Technology Ireland and now Director of Technology & Innovation for the about to be opened Harbour Innovation Campus at Dún Laoghaire. About 15,000 of these tech [...]...
  • 2018 Research and Innovation Conference & Exhibition Provides Insight into the R&D and Innovation Ecosystem in Ireland Designed to foster collaboration between industry, academia and government agencies, the 2018 Research and Innovation Conference & Exhibition attracted over 1,000 visitors from across the major industrial sectors in Ireland to the Citywest Hotel, Dublin, on Wednesday, March 14th. The visitors who braved the inclement weather were able to meet with the key organisations that are [...]...
  • Dunnes Stores Comes Out on Top of a Growing Grocery Market The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 25 February 2018, show continued positive momentum among Irish supermarkets, with growth hitting 3.9%. David Berry, director at Kantar Worldpanel, comments: “Shoppers have spent an additional €96 million on groceries over the latest 12 weeks compared to last year and two [...]...
  • New Irish Peer-to-peer Energy Trading Research Project Using Blockchain Technology Imagine a future where Irish consumers will be able to gift or sell their solar power across their neighbourhood as well as sharing and managing their own electricity in a myriad of new ways. EnerPort, a new project launched at the recent International Energy Research Centre (IERC) Annual Conference, aims to accelerate peer-to-peer energy trading [...]...

‘Internet of Things’ Implementation Boosts Employee Production by Seven Hours Per Week – Survey

‘Internet of Things’ Implementation Boosts Employee Production by Seven Hours Per Week – Survey
November 28
12:55 2016

A survey conducted by Equinix found that Irish companies that have utilised the “Internet of Things” (IoT) reported a boost in productivity of seven hours per week per employee. The report, released on Thursday, November 24, also found that 89% of financial services companies and 69% of government and public sector bodies do not deploy IoT at all. The survey was commissioned by Equinix and carried out by TechPro in October 2016 among 145 senior IT professionals and decision-makers in Irish-based businesses.

The “Internet of Things” refers to the trend of everyday objects becoming capable of sensing, sending and receiving data, allowing automatic coordination between buildings, objects and users. Commonly-encountered applications include real-time traffic information, and health monitoring equipment.

The survey also found that  63% of companies currently deploy zero IoT and 31% of businesses don’t plan to increase their deployment of IoT. Almost half (47%) of companies admitted that they don’t have a specific IoT strategy and don’t expect to implement one in next five years. However, an additional 28% of companies don’t currently have an IoT strategy but do plan to implement one by 2021.

“In order to get the most from their IoT strategy, businesses will require interconnection and edge computing, which moves IT resources closer to users and data,” said Equinix Managing Director of Ireland and Emerging Markets Maurice Mortell, “by giving companies the power to react in real time, IOA can deliver up to 300% ROI.

“We are now at the point where companies simply cannot afford not to adopt an IoT strategy. IoT is not an IT fad, it is central to the enterprise of the future and business leaders must make it a priority to educate themselves on the benefits it can bring.”

Currently, 33% of Irish enterprises deploy IoT technology within their business. Leading the way are retail (67%), education (60%) and healthcare (50%).

Asked about the benefits that IoT can bring, more than half (55%) of Irish enterprises listed operational efficiency as the greatest benefit, while 37% cited a reduction in maintenance and operations costs. A further 31% believe it helps businesses become more competitive. Of companies that use IoT, they report an average boost in productivity of seven hours per week per employee.

Asked what they perceive as the biggest barriers to IoT adoption, 34% of enterprises blamed a lack of understanding within their organisation, while 33% said they don’t think it is important enough to the business right now. A further 31% blamed a lack of relevant applications in their industry

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4