Barcode specialist Zebra Technologies has released the results of a global survey on the Asia Pacific's digital landscape.
Its Intelligent Enterprise Index analysed how companies are connecting physical and digital worlds to improve visibility, efficiencies, and growth.
Globally, 48 per cent of businesses are on the path to becoming intelligent enterprises, scoring between 50-75 points on the overall index, Zebra found.
Only five per cent exceeded 75 points on the index.
In comparison, Asia Pacific respondents scored above the global average, with 51 per cent of those polled scoring between the 50-75 points, but merely two per cent were above the 75-point benchmark that qualified them to be considered an “intelligent” enterprise.
The Intelligent Enterprise Index measures to what extent companies today are meeting the criteria that define today’s intelligent enterprise.
Some of the criteria include an Internet of Things (IoT) vision and adoption plan as well as business engagement in developing a return on investment for IoT.
The criteria were identified by executives, industry experts and policymakers across different industries at the 2016 Strategic Innovation Symposium: The Intelligent Enterprise, which was hosted by Zebra in collaboration with the Technology and Entrepreneurship Center at Harvard (TECH) last year.
The framework of an Intelligent Enterprise is based on technology solutions that integrate cloud computing, mobility, and the Internet of Things (IoT) to automatically “sense” information from enterprise assets.
ASIA-PACIFIC KEY SURVEY FINDINGS
The IoT vision is strong and investment is set to increase in the Asia Pacific (APAC).
In APAC, 38 per cent of companies spend more than $1 million toward IoT annually, and 80 per cent expect that number to increase in the next one to two years.
In fact, 67 per cent of APAC companies expect their IoT investment to increase by 11 per cent or more during this time.
However, 39 per cent of companies today have not executed on their IoT plans or do not have any plans at all.
Although only 36 per cent currently have company-wide deployment, it is expected that 65 percent will have it deployed company-wide in the future.
Customer experience is driving IoT. Seventy-one percent of companies claim the largest driver of IoT investment is improving the customer experience.
In the future, increasing revenue (54 percent) and expanding into new markets (53 percent) are expected to be the largest drivers.
