Vodafone’s managed IoT technologies use the Group’s own operating company networks, partner market networks and other third-party mobile network operators to provide customers with simple, globally unified connectivity services spanning nearly every country on earth. IoT technologies are now beginning to reach critical mass in the enterprise and are also a core focus of R&D for a wide range of consumer technology companies. The most recent Vodafone IoT Barometer report found that:
•24% of businesses’ IT budgets are being allocated to IoT
•76% of businesses say that IoT will be ‘critical’ for the future success of any organisation in their sector
•48% of IoT adopters say they’re using IoT to support large-scale business transformation
•86% of businesses in the industrial sector — including companies in mining, construction and waste management — say they have seen “significant” return from implementing IoT.
Vodafone Director of IoT Ivo Rook said “Vodafone were one of the earliest believers in the potential for the Internet of Things to transform business and life. The 50 million milestone is a testament to our continued focus and commitment to innovation in this rapidly growing and dynamic sector.”