icon_CloudMgmt icon_DollarSign icon_Globe icon_ITAuto icon_ITOps icon_ITSMgmt icon_Mainframe icon_MyIT icon_Ribbon icon_Star icon_User icon_Users icon_VideoPlay icon_Workload icon_caution icon_close s-chevronLeft s-chevronRight s-chevronThinRight s-chevronThinRight s-chevronThinLeft s-chevronThinLeft s-trophy s-chevronDown

Choose Country

Today’s Challenges and Tomorrow’s Solutions: Uncovering Enterprise Needs for IoT Adoption

The constantly increasing deployments show that enterprise adoption of the Internet of Things (IoT) is on the verge of becoming mainstream. The need for specialized solutions like asset tracking, increased demand for affordable networks, greater adoption among key verticals are all elements driving this expansion. Furthermore, there are no signs of slowing down: by 2025, the worldwide IoT industry is expected to reach $875 billion.

Utah Tech Labs has undertaken a comprehensive study encompassing over 200 North American businesses engaged in planning or implementing IoT solutions. The study delves into their technological preferences, requirements, and challenges associated with IoT deployments. The study findings have identified three pivotal business needs and prerequisites for IoT solution providers, with LoRaWAN emerging as the most suitable technology to address scalability, serviceability, and simplicity.

Quick ROI

With more than two-thirds (67%) of survey participants expecting a ROI within a year and only 3% expecting it to take longer than two years, businesses are experiencing significant pressure to see a speedy return on investment (ROI) from their IoT projects.

Speed to market

According to the poll, 46% of businesses are now in the early stages of exploring, planning, or testing their IoT implementations. Nearly 80% anticipate being in an active or expanded phase or having finished their IoT initiatives during the next two years, which presents a significant shift.

Increased number of connected devices

52% companies currently have fewer than 50,000 IoT devices deployed - yet in two years, 70% of them plan to reach this number (with 5% expecting to expand to 1 million). In order to achieve such goals, enterprises should prioritize technologies that enable easy scalability as well as vendors that can support them along the way.

The Three S’s for Success

Scalability: Enabling the swift implementation of IoT solutions across multiple campuses or geographical areas, seamlessly transitioning from pilot projects to enterprise-wide deployment. This entails establishing an infrastructure capable of supporting an expanding array of connected devices and diverse IoT use cases.

Serviceability: Delivering technical and strategic support throughout the entire lifespan of the IoT solution, encompassing both pre- and post-deployment phases. This includes ensuring the smooth integration of IoT infrastructure, devices, and solutions.

Simplicity: Streamlining the complexity involved in creating, deploying, and maintaining IoT systems, irrespective of industry or organizational scale. This entails offering intuitive tools and processes to simplify the entire IoT ecosystem.

UTL in IoT adoption

We focus on quality, innovation and speed to enhance your business performance.

Our end-to-end IoT solutions and partnerships with leading tech providers address a wide range of business challenges in key markets: real estate, food services, retail, manufacturing, healthcare, travel, industrial, and agriculture.

Technology Vision 2023

The Foundations Of Our New Reality

Streamlining Global Operations

Best Practices for Cross-Border Logistics and Supply Chain Management

Driving Digital Transformation

A Roadmap for Web and App Development

AI & IoT for digital transformation

Use cases

Creating Immersive Digital Environments

Unity Mobile App Development Solutions