Enterprises in Brazil Expecting Big Things From IoT

Service providers are helping Brazilian enterprises maximize the value of the Internet of Things while minimizing its risks, ISG Provider Lens report says

No longer content with proofs of concept, enterprises in Brazil are actively seeking practical, actionable Internet of Things (IoT) solutions that deliver substantial value, according to a new research report published by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

AiThority Interview Insights: How to Get Started with Prompt Engineering in Generative AI Projects

“Enterprises seeking ESG solutions can turn to IoT technologies for help”

The 2023 ISG Provider Lens Internet of Things – Services and Solutions report for Brazil finds that enterprises in the South American country are increasingly turning to service providers to help them make the most of IoT by maximizing its value and minimizing its potential risks. Not surprisingly, the demand for managed services is growing in tandem with the expansion of the IoT market in Brazil, the ISG report says.

“IoT strategy consulting services are keeping pace with technological evolution,” said Matteo Gallina, digital engineering solutions lead, Americas, for ISG. “Providers have been helping organizations navigate the complex landscape of IoT technologies and develop strategies to leverage these technologies effectively.”

Service providers have stepped in to bridge the gap between IoT theory and practice by aiding Brazilian enterprises through strategy consulting, integration and implementation and managed services as well as offering strategies for data management and AI on the edge. Although an expanded attack area increases potential security risks, IoT can improve a company’s processes, products and services by extracting valuable insights from the data generated by connected devices, the ISG report says.

Used together, IoT edge computing and AI services provide accelerated processing power at the edge, reducing latency and improving overall IoT system performance. According to the ISG report, by analyzing data at the edge, IoT systems can generate real-time insights and make informed decisions without relying on cloud-based services.

This combination of edge computing capabilities and cloud-based services, when needed, can help organizations optimize the performance, security and efficiency of their IoT systems, the ISG report says. Brazilian enterprises are looking to these systems not only to reduce operating costs, but also to achieve results consistent with sustainability goals, ISG says.

“Enterprises seeking ESG solutions can turn to IoT technologies for help,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “They can use IoT to develop strategies that not only benefit their bottom line but also contribute to a more sustainable and equitable future.”

Read More about AiThority Interview: AiThority Interview with Frank Diana, Principal Futurist at Tata Consultancy Services

The report also examines the Internet of Medical Things (IoMT), a technology that allows remote monitoring, diagnosing and treatment of patients using devices such as smart bracelets, implantable sensors, cameras and drones.

The 2023 ISG Provider Lens Internet of Things – Services and Solutions report for Brazil evaluates the capabilities of 28 providers across four quadrants: Strategic Consulting, Implementation and Integration, Managed Services and Data Management and AI on the Edge.

The report names Accenture, Embratel, Siemens and Telefonica Tech as Leaders in all four quadrants, while IBM is named as a Leader in three quadrants. Algar Telecom, Deloitte, Logicalis and TIM are named as Leaders in two quadrants each, while Kyndryl is named as a Leader in one quadrant.

In addition, Logicalis is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in two quadrants, while Capgemini and EY are named as Rising Stars in one quadrant each.

 Latest AiThority Interview Insights : AiThority Interview: Top AI and ML Trends Transforming the Customer Service Industry

 [To share your insights with us, please write to sghosh@martechseries.com]