Internet of Things: The Complete Reimaginative Force TCS Global Trend Study 2015 | #TCSIoT
Technologically inclined companies, dealing in various products and services, are experiencing a significant improvement in business profits through the Internet of Things. Read more
CEO's Point Of View
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Key Findings

IoT spend will increase by 20% to $103 million in 2018
Almost 79% of global companies already use IoT technologies to track their customers, products, premises, or supply chains. Read more
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IoT spend is directly proportional to the price of a company's product
Firms with the most expensive products will spend the most money on the IoT by a wide margin, this year. In other words, spending on the IoT correlates strongly with the price of a company’s products or services. Read more
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Mobile apps are the most commonly used IoT technologies
The most common approach to using IoT technologies is to track customers through mobile apps, which 50% companies do today. Then comes the use of the IoT in tracking products as they move through production and distribution. Read more
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North America and Europe lead in IoT adoption
IoT adoption is the greatest in North American and European companies; they are ahead of Asia-Pacific and Latin American companies on certain measures such as the sale of smart, connected products. Read more
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Companies using IoT technologies increased revenue by 16% in 2014
For some companies, the IoT is already having a big impact on revenue, product and service customization, and customer service. Read more
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Industrial manufacturers are ahead of others in leveraging the IoT
In gaining benefits from the IoT, industrial manufacturers are far ahead of 12 other major global industries. Read more
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The most important issues to address are strategic and cultural
To fully capitalize on the IoT, the most important issues organizations need to resolve are strategic and cultural. Technology challenges trail in importance, but they also loom large. Read more
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Seven differentiating characteristics of IoT leaders
IoT Leaders:
  • Digitally reimagine their businesses to create value for customers
  • Deliver the value they create through new business models, products, and services
  • See the breakthrough potential of the IoT in gauging market performance of their products and/or services
  • Quickly organize themselves based on what IoT data indicates
  • Effectively deal with internal resistance to hearing the truth that IoT technologies reveal
  • Make the IoT reliable in the field
  • Make small test investments before making bigger commitments
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Regions

Regions Of The World
Our detailed survey encompassed companies from four regions of the world: – North America, Europe, Asia Pacific and Latin America. Companies in these regions are investing huge amounts in IoT technologies, likely because they are aware that the IoT will prove to be their stepping stone to success. Here is how the IoT is impacting companies in different regions of the world. Read more
51% of North American companies use the IoT to track customers through apps on their mobile devices
24% of Latin American companies, the highest across regions, are leveraging the IoT and changing their business models to increase leasing of products
Europe has the highest number of companies - 31% - that make money from customer usage data provided by IoT technologies
Asia-Pacific companies lead in using the IoT to increase their service businesses, with 55% making this business model change
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Industries

13 Global Industries
We surveyed 13 industries to see how they have embraced the Internet of Things. From who has invested the most in IoT technologies to how the industries have divided their IoT budget – get answers to these questions and more.
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automotive
Uses IoT technology to capture, analyze, and act on data Explore
banking-and-finance
Improves the banking experience and reduces fraud Explore
Consumer-packaged-goods
Persuades customers to buy products in a store full of choices Explore
Energy
Spots maintenance issues, boosts efficiency, and improves output forecasting – even in the face of changing weather Explore
Healthcare
Uses the IoT to deliver better service Explore
high-technology
Factors IoT technology into their product strategies Explore
industrial-manufacturers
Achieves the highest revenue gain from their IoT initiatives Explore
Insurance
Manages risks with the help of IoT technologies Explore
media-and-entertainment
Increases subscription and advertising revenue Explore
Retail
Builds brand loyalty with IoT technologies Explore
Telecommunications
Gains a larger slice of the advertising pie Explore
Travel-and-Hospitality
Delights customers using the IoT Explore
Utilities
Realizes energy efficiency in offices and plants Explore
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Leaders Speak

Learning from the Leaders
How do IoT Leaders differ from Followers? How have they managed to earn greater revenue from their IoT initiatives? This section delves into the details. Read more
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Case Studies

Case Studies
We talked to executives of four companies that are pioneers in the IoT, and learned how they are exploring its potential.
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Methodology

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