According to data, firms are using IoT devices for many purposes. In fact the share of firms using radio frequency identification devices is growing, with IoT used as part of the production and service delivery process, as product identification and/or as person identification and access control. Companies are also developing Internet of Things projects in order to benefit in the future and improve their digitalization.
IoT devices can be used in many different sectors. Sectors like the Logistics and Infrastructure industry for instance reported using IoT devices for many tasks including production controlling and predictive maintenance. Despite the enthusiasm and the willingness to explore such an industry, many companies are not developing IoT projects. Respondents to a survey reported that they consider IoT projects useless for their business type or they do not consider it as a strategic investment. As all devices are able to transfer data, IoT devices could also be victim to cyberattacks. According to a recent study only 0.7 percent of the interviewed firms reported cyberattacks on Internet of Things systems.
Consumers too are interested and willing to discover IoT devices. Figures highlight a positive trend towards IoT and smart devices, showing that many consumers are willing to purchase smart and connected devices in the next few years. The most considered elements regarding the purchase of IoT devices are price and reliability. The high price is the main reason for not purchasing IoT products in Italy, followed by privacy concerns and lack of awareness about IoT devices.