Guide to Internet-of-Things Innovation

Achieving innovation performance

IoT solutions are primed to revolutionize the way we do business.

Digitized processes, products and services create a new level of efficiency and enable completely new business opportunities. Companies need to track these trends in order to stay competitive and thrive in their respective markets.

Guide to IoT Innovation focussing SMEs_Seite_01

 

This 36-page report by IoT Analytics helps SMEs (small- and medium-sized enterprises) navigate innovation options in the complex age of Industry 4.0. The report contrasts various models for digitalization, includes survey results of more than 50 decision makers, and presents research on current use cases.

The insights are based on IoT Analytics’ existing market research and expertise in the Internet of Things, the results of extensive interviews, and research on several IoT use cases in Europe. Research findings include:

  • The majority (70%) of SMEs are using IoT technology to improve current products, with 52% aiming for new service-based business models.
  • 46% of businesses see lack of internal talent and 40% lack of technology expertise, as an obstacle to innovation.
  • Internal innovation such as R&D as the only form of innovation is insufficient; startups are used in nearly all collaboration forms as an important source of innovation.
  • Getting to markets faster is the strongest reason (59%) to engage in collaboration.

Download the Guide which walks you through various models for external innovation as well as valuable recommendations and strategic advice.