Many oil and gas companies also lack the IoT strategic skills required by top management or senior leadership teams to fully integrate IoT into their overall business strategy

Devices offer significant benefits to businesses and consumers by collecting and processing large volumes of real-time data. However, this massive data collection and management also presents a unique set of challenges.

Seventy percent of respondents expect a return on their investment within one year, while for another 30 percent, a return on investment within six months is desired.

The Internet of Things, a disruptive technology, is pervading a variety of industries and connecting every Internet-enabled device around us.

With data increasing and moving everywhere, security is now becoming more and more important.

In commercial buildings, IoT devices are often any device used to manage facilities or improve operational efficiency and productivity, including smart sensors, smart locks, smart thermostats, smart HVAC, smart lighting and smart security.

From robotic arms that aid in surgery to wearable or ingestible sensors that pair with smartphones to monitor health, the market for connected medical devices is expanding.