75 percent of global business leaders are exploring the economic opportunities created by the Internet of Things

  75 percent of global business leaders are exploring the economic
  opportunities created by the Internet of Things

  *96 percent expect their business to be using IoT in some respect by 2016
  *More than three in five (61 percent) executives agree that companies that
    are slow to integrate IoT will fall behind their competition

Collaborative business models, skills development and common standards needed
        for business to take full advantage of the Internet of Things

Business Wire

CAMBRIDGE, UK -- October 29, 2013

ARM^® today unveiled the findings of a new comprehensive report by the
Economist Intelligence Unit, The Internet of Things Business Index: A quiet
revolution gathers pace. The report, sponsored by ARM, found that 75 percent
of C-suite business leaders are actively researching opportunities created by
the Internet of Things (IoT). The report also revealed that 30 percent of
business leaders feel that IoT will unlock new revenue opportunities, but just
as many (29%) believe it will inspire new working practices, eventually
changing the model of how they operate (23%). The report concludes that the
implementation of common standards will be paramount to enable communication
between millions of connected devices and stop the ‘Internet of Silos’.

ARM CEO Simon Segars says: “The Internet of Things runs on ARM. By connecting
the next 30bn devices, the ARM ecosystem is transforming lives by improving
the management of our cities, health services, environment and education
systems. Our technologies provide the functional building blocks in a huge
range of products including cars, heart monitoring systems, washing machines
and lighting. Energy efficiency and miniaturisation are essential in these
technologies, for example, the ARM Cortex-M0+ processor fits within the width
of the average human hair - an essential component if we are to unlock the
full business benefits of IoT. With this kind of innovative design, alongside
our diverse, dynamic business ecosystem, we can unlock the full business
benefits of IoT.”

The report highlights the need for a collaborative approach with companies
needing to ‘learn to cooperate with players across industries’, encouraging
standards that will avoid the so-called ‘Internet of Silos’ where data is
created, but not shared amongst service providers to benefit the user.

Who is leading the charge?

  *European businesses are ahead (see page 7 of report) of their global
    counterparts on the leader-board, in the research and planning phases of
    implementing IoT
  *Manufacturing is leading the way (see page 7 of report) with IoT amongst
    the industries tracked, driven by the need for real time information to
    optimise productivity. One in four manufacturing companies already has a
    live IoT system in place. This sector is followed closely by construction
    and real estate

The top five barriers for companies increasing the use of IoT (top responses)

1. Lack of employee skills/knowledge

2. Lack of senior management knowledge and commitment

3. Products or services don’t have an obvious IoT element to them

4. Immaturity of industry standards around IoT

5. High costs of required investment in IoT infrastructure

“The self-stocking intelligent fridge is a step closer to becoming an everyday
reality,” said James Chambers, editor of the report, “but conversations about
IoT are clearly moving on. Two in five C-level executives are now telling us
that they discuss IoT regularly. Whether we will all end up wearing clothes
connected to the Internet remains to be seen – but it’s hard to think of any
business that can’t be part of the IoT revolution.”

Common Standards for Shared Success with IoT

The report suggests that only by removing data silos and establishing common
standards will the IoT to achieve the scale needed to operate across all
markets successfully. The emergence of big data is also an impact, with Honda
handling terabytes of data stored in databases for 1.4m users. Now, more than
ever, managing that data and being able to analyse the little data coming from
the uptake of IoT.

Join the Debate for Your Chance to Win

If you have thoughts on this research study, or have an idea for an IoT
innovation in business, download a copy of the report from
www.arm.com/EIUReport and join the debate. Every idea suggested for a
beneficial business-to-business or consumer IoT application or service will
give you the chance to win a Galaxy Note 3 and Samsung Galaxy Gear.

About ARM

ARM designs the technology that is at the heart of advanced digital products,
from wireless, networking and consumer entertainment solutions to imaging,
automotive, security and storage devices. ARM’s comprehensive product offering
includes RISC microprocessors, graphics processors, video engines, enabling
software, cell libraries, embedded memories, high-speed connectivity products,
peripherals and development tools. Combined with comprehensive design
services, training, support and maintenance, and the company’s broad Partner
community, they provide a total system solution that offers a fast, reliable
path to market for leading electronics companies. Find out more about ARM by
following these links:

Download Shared Purpose- 8 Leadership Lessons for the Ecosystem Age
The secrets of success from the Connected Community surrounding ARM

ARM website:http://www.arm.com
ARM Connected Community^®:http://www.arm.com/community
ARM Blogs:http://blogs.arm.com
ARMFlix on YouTube:http://www.youtube.com/armflix

ARM on Twitter:


About the survey

The Internet of Things business index: A quiet revolution gathers pace is
based on an Economist Intelligence Unit survey of senior managers carried out
in June 2013. The 779 respondents are based in 71 countries, split regionally
as follows: Europe (29%), North America (29%), Asia-Pacific (30%); and rest of
the world (12%).

A total of 19 industries are represented in the survey, such as financial
services (14%), manufacturing (12%), healthcare, pharmaceuticals and
biotechnology (12%), IT and technology (12%), energy and natural resources
(11%), and construction and real estate (10%). The sample is evenly split
between large firms, having annual revenue of more than US$500m, and small and
mid-sized firms. Nearly half of respondents (49%) are board or C-level, with
the balance made up of other high-level managers such as vice-presidents,
business unit heads and department heads.

About The Economist Intelligence Unit

The Economist Intelligence Unit is the world leader in global business
intelligence. It is the business-to-business arm of The Economist Group, which
publishes The Economist newspaper. As the world's leading provider of country
intelligence, The Economist Intelligence Unit helps executives make better
business decisions by providing timely, reliable and impartial analysis on
worldwide market trends and business strategies. More information about The
Economist Intelligence Unit can be found at www.eiu.com or follow us on


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