58% of Latin American companies have Internet of Things initiatives

The adoption of Internet of Things (IoT) technology has grown rapidly in recent years in Latin America. This is the sixth edition of the IoT Snapshot report, a study by Logicalis, which presents an overview of the use of technology in the Latin American market.

According to research, the presence of production solutions or PoC (proof of concept) that involve IoT in Latin American companies has jumped from 31% in 2019 to 58% in 2023. In isolation, in Latin America, 61% of organizations research them. there is already at least one IoT initiative, growing by 14 percent​​​​ points compared to 2021.

In Brazil, the comparison of data from 2021 and 2023 shows the stability in the use of technology, with 56% of companies using IoT in 2023 compared to 57% in 2021.

When analyzing the current and future perspectives of IoT applications in Brazil, the study revealed that 40% of respondents assessed the current importance of IoT solutions for advanced and advanced companies in 2023. When asked about the next 3 to 5. year, the figure increases to 65%.

In Latin America, 38% of respondents rated IoT as very important or important now in 2023 and 68% in the next 3 to 5 years. However, the problems in the use of IoT often follow the criteria set out above, with the possibility of funding leading the ranking in Brazil, with 37%, being based on resistance to change (35%) and no specific solution for any project (33%).

IoT adoption is growing steadily. In this article of the study we examine the integration of important business concepts, such as 5G and intelligence, in the development of the topic of IoT and technology digital transformation.” said Yassuki Takano, Group Director of Logicalis and IoT Snapshot Coordinator.

According to him, although Artificial Intelligence technologies are booming, it is possible to observe a method of intelligence still to be followed, with 73% of observers in Brazil and 60% in Latin America that they do not have a group dedicated to development. on the subject.

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