A recent Accenture survey asked C-level executives -- about half of which were CEOs -- what the main benefits of the Internet of Things, or IoT, will be for their companies. While there were plenty of responses, three key ideas rose to the top: employee productivity, asset optimization, and cost cutting.
That falls in line with IoT cost savings predictions General Electric (NYSE:GE) has made, as well as internal Internet of Things benefits Verizon Communications (NYSE:VZ) and Intel (NASDAQ:INTC) have already created.
Microsoft has already proven that companies large and small can use the Internet of Things to boost their businesses. The company's IoT solutions helped a Jeep factory and small stone-cutting business increase productivity.
But there are plenty of companies that don't yet realize the the full potential IoT could have on their businesses, and time is running out.