• Information Age, Friday, June 10, 2016 9:05 AM

By 2020, 44% of IT budgets globally will be solely used for the purpose of IoT project development and maintenance, with the vast majority of decision makers (91%) expected to be using some form of commercial IoT service within the next two years. 'Overwhelmingly businesses have woken up to the transformational benefits of IoT and are rushing to deploy those services, but at the same time appreciate there may be a rocky road ahead turning a good idea into a technically feasible and profitable one,' said Jim Nolan, Executive Vice President, IoT Solutions, at InterDigital. But in order to truly take advantage of the IoT, they're facing a huge challenge in making the new sensor, network and device technologies work with their existing systems - nearly two thirds of companies starting to undertake IoT projects are currently working with systems integrators, according to the research report by InterDigital and TelitOverall.

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