Sponsored Report – Guide to IoT Innovation
• The majority (70%) of SME’s are using IoT technology to improve current products and 52% are aiming for
new service-based business models
• 46% of businesses see lack of internal talent and 40% lack of technology expertise as an obstacle to innovation.
• Internal innovation such as R&D as the only form of innovation is not sufficient anymore and startups are used in nearly all collaboration forms as an important source of innovation
• Getting to markets faster is the strongest reason to engage in collaboration (59% of respondents)
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