ARM report claims the always-connected 'Internet of Things' is already here

Source: http://www.engadget.com/2013/10/28/arm-internet-of-things/

The Internet of Things (IoT) is finally here. Or at least, that's what a recent report by the Economist's Intelligence Unit wants us to believe. Sponsored by ARM, which certainly has a vested interest in the matter, the 32-page paper states that the industry is at last catching on to the idea of connected devices after more than a decade of slow progress. After surveying 779 senior business leaders from 19 different industries around the world, the Economist revealed that a staggering 75 percent of businesses are already exploring the space. In fact, only 6 percent of those interviewed think of it as hype, and 94 percent believe IoT will have a significant impact in the next three years.

However, the IoT phenomenon still has a long way to go before widespread consumer adoption takes hold. Most businesses are still just experimenting with IoT either in research or internal operations and the "internet of things" mantra remains laced with jargon that might not sell well to the general public. The report also notes the dearth of IoT-skilled workers, a general lack of investment and the need for open standards before more consumers can embrace it.

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Source: ARM