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Although IoT is still a relatively nascent concept for many businesses today, almost 40% of organizations are in the process of developing initiatives over the next two years. Big data is a catalyst for increased IoT focus, since the data collected and analyzed from connected things will yield information to power business transformations ranging from improved operational efficiency to net-new business models. However, this intersection also presents key technology challenges in the form of data integration, security, and analysis.
In order to assess IT spending priorities over the next 12-18 months, ESG recently surveyed 633 IT professionals representing midmarket (100 to 999 employees) and enterprise-class (1,000 employees or more) organizations in North America and Western…