Asia Pacific: By 2019, 86 percent of companies in Asia Pacific will have adopted the Internet of Things (IoT) technology, according to a report by Aruba—a subsidiary of Hewlett Packard Enterprise.
Almost all (97 percent) of the 1,150 respondents from Asia Pacific—Australia, China, India, Japan, Singapore, and South Korea—have an understanding of IoT but many are still uncertain on the exact definition of IoT and the value it can bring to their companies. The IoT is the inter-networking of smart devices connected to the internet for the collection and exchange data, and analysed data can be used to improve processes.
“While IoT grows in deployment, scale and complexity, proper security methodologies to protect the network and devices and more importantly the data and insights they extract must also keep pace,” said Chris Kozup, vice president of marketing at Aruba. “If businesses do not take immediate steps to gain visibility and profile the IoT activities within their offices, they run the risk of exposure to potentially malicious activities.”
The research revealed that 35 percent of businesses experienced significant profit increases after adopting IoT practices. Close to two-fifths (39 percent) of executives expected their IoT strategies to yield business efficiency improvements, but actual results show that more than half of those who implemented IoT (51 percent) have experienced significant business efficiency gains.
More than six in ten (62 percent) respondents in the industrial sector have already implemented IoT, with the technology being used to monitor and maintain essential industrial functions. The IoT practices have been reported to have a positive impact on their processes.
Today, the use of IP-based surveillance cameras for physical security within industrial facilities is still in its infancy, with only six percent of businesses having implemented it. However, a significant 32 percent are planning to install IP-based surveillance in the future.
The research also discovered that a number of obstacles are preventing IoT from delivering greater business impact—which include the cost of implementation (53 percent), cost of maintenance (52 percent), and difficulty in integration (47 percent) as key issues.
More than a third (35 percent) of organisations in Asia Pacific are not extracting or analysing data within corporate networks, subsequently missing on insights that could improve business decisions.
A high number (88 percent) of businesses in Asia Pacific have experienced at least one IoT-related security breach, the highest in the world. More than half of the respondents said that external attacks are a key barrier to embracing and adopting an IoT strategy. This confirms that a holistic IoT security strategy, built on a strong network access control and policy management, will not only protect enterprises but also simplify the security approach for IoT adoption.