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The massive impact the internet of things (IoT) will have on New Zealand, and globally, has been outlined in a new report, which says spending will hit US$1.2 trillion by 2022.
Analyst firm IDC, in its latest Worldwide Semiannual Internet of Things Spending Guide, said IoT spending will experience a compound annual growth rate of 13.6% over the next five years. As the IoT market reaches broad-based critical mass, innovative offerings in analytics software, cloud technologies, and business and IT services have expanded rapidly.
NZ IoT Alliance executive director Kriv Naicker said New Zealand companies deploying IoT are more influenced by improving customer experience, than by improving internal processes. In fact, Kiwi organisations place more focus on the customer, as a driver for IoT, than any other country surveyed across Asia-Pacific.
“Some key shifts are occurring in IoT vendor perception by New Zealand companies with Rockwell Automation, Google, IBM and Dell performing well in terms of IoT mindshare,” Naicker said. “There are opportunities across industries from manufacturing to retail to healthcare.
“Our alliance research report last year found that IoT could bring NZ$2.2 billion of benefit to the New Zealand economy over the next 10 years,” he added.
Naicker encourages tech buyers to ensure their IoT plans are not siloed; the plans should fit within their overall digital roadmap.
“Our alliance working groups are helping New Zealand transition to the IoT world,” he added. “IoT has the potential to be one of the most disruptive technologies in decades.”
