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IoT Projects Expected to Deliver Payback in Less Than Three Years, Says New Fujitsu Survey

News facts:

  • Over half of business and IT leaders now expect return on investment for IoT projects within three years
  • Enterprises deploying IoT for a wide range of benefits including new revenue generation (45 percent), improving security and health, and enhancing safety (47 percent each)
  • Survey identifies room for improvement among IoT services and equipment suppliers, especially in better support and closer collaboration

Munich, October 10, 2018 – According to a new Fujitsu survey1 published today, Internet of Things (IoT) technology has reached early mainstream, with business and IT leaders expecting tangible results in three years or less – signaling that the days of simply experimenting with IoT projects are now consigned to the past..

Fujitsu commissioned IDG Connect to better understand how IoT technology is maturing in the enterprise, and to gauge industry expectations. The results confirm that the IoT has already matured far beyond being an emerging technology and underline that enterprises are increasingly impatient when it comes to IoT delivering a boost to their bottom line.

Almost three quarters of respondents (73 percent) confirmed that IoT deployments have advanced well beyond the testing and market education stages, with almost half of these delivering results. Underlining this increased focus on payback, the Fujitsu survey conducted by IDG Connect found that almost a third (31 percent) expect a return from investments in IoT projects within one to two years, and 56 percent expect profitability within three years.

Due to the complexity of the IoT, enterprises are turning to services and equipment providers to assist with deployments. However, the survey also indicates that suppliers are failing to deliver. Major concerns are the need for better support (24 percent), closer collaboration so that vendors understand their customer’s unique needs (23 percent), a call for lower pricing (20 percent), greater contractual flexibility (17 percent) and more readily available as-a-service options (15 percent).

Yves de Beauregard, Head of Digital Business Solutions at Fujitsu in EMEIA, comments: “IoT technologies are entering the early mainstream across a wide range of vertical industries, as our survey confirms. To drive the greatest value from IoT, Fujitsu is focused on deploying long-lasting, robust technologies that will ensure a maximum return for our customers. We are leveraging our deep technology experience and combining this with our customers’ business know-how. It’s clear from the survey results that enterprises are already enjoying solid return on investment from IoT projects. This should be a compelling incentive to dip a toe in the water for any organization that’s still skeptical about getting any business value from the IoT.”

IoT now early mainstream across a wide spectrum of use cases
Fujitsu’s survey also reveals that businesses are using IoT for a wide range of purposes, far beyond the delivery of process efficiencies. In fact, the joint-highest survey responses were for improving health and safety (47 percent), enhancing security (47 percent), in using newly-available data to create smarter strategies (47 percent), as well as improving maintenance (46 percent).

In addition, 45 percent of businesses are already using IoT to generate new revenue-making opportunities, and a quarter of respondents consider the biggest opportunity to be the ability to charge premium prices for valuable additions to products, data or services. Furthermore, just over a fifth (22 percent) of respondents cited the ability to cost-effectively create better and more differentiated services to attract new customers.

IOT

The Internet of Things (IoT) Revolution in the Middle East Connecting Devices and Transforming Industries

The Internet of Things (IoT) revolution is well underway in the Middle East, connecting devices and transforming industries across the region. IoT refers to the network of physical devices, vehicles, appliances, and other objects embedded with sensors, software, and connectivity that enables them to collect and exchange data over the internet. The Middle East is witnessing significant IoT adoption, leading to innovative applications and improvements in various sectors. Here are some ways IoT is connecting devices and transforming industries in the Middle East:

  1. Smart Cities and Urban Infrastructure: IoT is driving the development of smart cities in the Middle East, with connected devices optimizing traffic management, improving waste management, enhancing public safety, and providing real-time data for urban planning.
  2. Agriculture and Precision Farming: IoT sensors and data analytics are revolutionizing agriculture in the region, enabling farmers to monitor soil conditions, manage irrigation more efficiently, and optimize crop growth, leading to increased productivity and sustainable farming practices.
  3. Energy and Utilities: IoT is optimizing energy consumption and resource management in the Middle East’s energy sector. Smart grids and smart meters enable better energy distribution and consumption monitoring, contributing to energy efficiency and sustainability.
  4. Healthcare and Telemedicine: IoT devices are transforming healthcare delivery by enabling remote patient monitoring, telemedicine consultations, and wearable health tracking, enhancing healthcare accessibility and improving patient outcomes.
  5. Manufacturing and Industry 4.0: IoT is reshaping the manufacturing landscape in the Middle East through the implementation of smart factories and Industry 4.0 practices. Connected devices and machines optimize production processes, reduce downtime, and enhance overall manufacturing efficiency.
  6. Transportation and Logistics: IoT applications in transportation and logistics streamline supply chain operations, improve fleet management, and enhance tracking and monitoring of goods, leading to increased operational efficiency and cost savings.
  7. Retail and Customer Experience: IoT-powered applications in retail personalize customer experiences, enable seamless checkout processes, and provide real-time inventory management, enhancing customer satisfaction and loyalty.
  8. Education and Smart Learning: IoT technologies are enhancing learning experiences in the Middle East by introducing smart classrooms, interactive learning tools, and personalized educational content delivery.
  9. Hospitality and Tourism: IoT applications in the hospitality industry provide smart room services, keyless entry, and personalized guest experiences, enhancing overall customer satisfaction and loyalty in the tourism sector.
  10. Environmental Monitoring and Conservation: IoT sensors and devices enable real-time monitoring of environmental conditions, helping the region address climate challenges, air quality, and water conservation.
  11. Financial Services and Fintech: IoT is transforming the financial sector by enabling smart ATMs, connected banking apps, and personalized financial services, enhancing customer experiences and security.
  12. Real Estate and Smart Buildings: IoT-driven smart buildings optimize energy consumption, improve security, and enhance occupant comfort, making real estate more sustainable and attractive.

The Middle East’s adoption of IoT technologies reflects a commitment to innovation and leveraging advanced technologies to address the region’s unique challenges. As IoT continues to grow in the Middle East, industries can expect further disruption, increased efficiency, and improved quality of life for residents and businesses alike.

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IOT

The Internet of Medical Things (IoMT) Enhancing Healthcare Delivery in the Middle East

The Internet of Medical Things (IoMT) is making significant strides in enhancing healthcare delivery in the Middle East. IoMT refers to the network of medical devices, wearables, sensors, and other healthcare technologies connected through the internet to collect and share data for medical purposes. In the Middle East, IoMT is driving various advancements in healthcare that improve patient outcomes, increase efficiency, and enable better patient-centered care. Here are some ways IoMT is enhancing healthcare delivery in the Middle East:

  1. Remote Patient Monitoring: IoMT allows healthcare providers to remotely monitor patients’ vital signs, chronic conditions, and post-surgery recovery. This enables timely intervention, reduces hospital readmissions, and enhances patient safety.
  2. Telemedicine and Virtual Consultations: IoMT facilitates virtual healthcare consultations, enabling patients to access medical advice and follow-up care without the need for in-person visits. This improves healthcare accessibility, especially in remote areas.
  3. Health Tracking and Wearable Devices: IoMT-enabled wearables and health tracking devices empower individuals to monitor their health metrics, encouraging preventive healthcare practices and lifestyle changes.
  4. Smart Hospitals: IoMT is transforming traditional hospitals into smart hospitals with connected medical devices, electronic health records (EHRs), and digital communication platforms. This improves care coordination and streamlines workflows for healthcare providers.
  5. Medical Imaging and Diagnostics: IoMT enables the transmission of medical images and diagnostic data securely to specialists for remote consultations, leading to faster diagnoses and treatment planning.
  6. Medication Management: IoMT solutions aid in medication adherence by providing reminders and tracking patient medication consumption. This reduces medication errors and improves patient compliance.
  7. Real-Time Health Data Analytics: IoMT-generated data is analyzed using advanced analytics, enabling healthcare providers to gain insights into population health trends, disease patterns, and treatment effectiveness.
  8. Emergency Response and Disaster Management: IoMT devices assist in emergency response and disaster management by tracking patient locations, monitoring their vital signs, and facilitating timely medical assistance.
  9. Preventive Healthcare Programs: IoMT supports preventive healthcare initiatives by identifying high-risk individuals and delivering targeted health interventions to reduce the prevalence of chronic diseases.
  10. Healthcare Supply Chain Management: IoMT improves the efficiency of healthcare supply chains by tracking medical equipment, pharmaceuticals, and vaccines, ensuring timely availability and reducing wastage.
  11. Enhanced Patient Engagement: IoMT solutions foster better patient engagement and involvement in their healthcare decision-making process, leading to improved patient satisfaction and outcomes.
  12. Research and Clinical Trials: IoMT contributes to medical research and clinical trials by facilitating remote data collection and monitoring, accelerating the pace of medical discoveries.

While the adoption of IoMT in the Middle East presents opportunities for improved healthcare delivery, it also requires addressing challenges related to data privacy, cybersecurity, interoperability, and regulatory compliance. As the region continues to invest in IoMT infrastructure and expertise, it is poised to witness further advancements in healthcare that benefit patients, healthcare providers, and the overall healthcare ecosystem.

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IOT

Smart Cities of the Middle East How IoT is Driving Urban Transformation

Smart cities in the Middle East are leveraging IoT (Internet of Things) technologies to drive urban transformation and create more sustainable, efficient, and livable urban environments. With the rapid urbanization and population growth in the region, smart city initiatives are becoming essential to address various urban challenges. Here are some ways IoT is driving urban transformation in the smart cities of the Middle East:

  1. Smart Infrastructure and Utilities: IoT sensors and devices are integrated into city infrastructure, such as transportation systems, energy grids, and water management. This enables real-time monitoring and optimization of utility services, leading to reduced energy consumption, efficient waste management, and improved water conservation.
  2. Connected Transportation: IoT-enabled smart transportation systems provide real-time data on traffic flow, public transportation schedules, and parking availability. This helps optimize traffic management, reduce congestion, and enhance the overall transportation experience for residents and visitors.
  3. Intelligent Public Safety: IoT-driven surveillance cameras, smart street lighting, and emergency response systems enhance public safety and enable quick responses to incidents. These technologies contribute to crime prevention and ensure a safer urban environment.
  4. Environmental Monitoring: IoT sensors monitor air quality, noise levels, and other environmental factors in smart cities. This data helps city planners and policymakers make informed decisions to improve air quality and address environmental concerns.
  5. Waste Management: IoT-based waste management systems optimize waste collection schedules and routes, reducing unnecessary pickups and minimizing waste overflow in bins. This contributes to a cleaner and more sustainable urban environment.
  6. Smart Parking: IoT-driven smart parking solutions enable real-time monitoring of parking spaces and help drivers locate available parking spots quickly. This reduces traffic congestion and enhances urban mobility.
  7. Energy Efficiency and Sustainability: IoT devices in buildings and public spaces optimize energy usage by adjusting lighting and temperature based on occupancy and external factors. This leads to reduced energy consumption and improved sustainability.
  8. Healthcare and Public Health: IoT technologies enable remote patient monitoring and telemedicine services, improving access to healthcare and public health services for residents, particularly in remote areas.
  9. Citizen Engagement: IoT-powered mobile apps and digital platforms engage citizens, allowing them to provide feedback, report issues, and access essential services more conveniently.
  10. Data-Driven Decision Making: The vast amounts of data generated by IoT devices and sensors provide valuable insights for city planners, allowing them to make data-driven decisions for urban development and resource allocation.
  11. Tourism and Hospitality: IoT-based solutions enhance the tourism experience in smart cities by providing tourists with real-time information, personalized recommendations, and interactive experiences.
  12. Economic Growth and Innovation: Smart cities foster an ecosystem for technology innovation and entrepreneurship, attracting investments and promoting economic growth.

Overall, IoT-driven urban transformation is reshaping the Middle East’s cities, making them more resilient, sustainable, and technologically advanced. By embracing smart city initiatives, the region is positioning itself for a more prosperous and inclusive urban future.

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