A majority of enterprises are now capturing Internet of Things (IoT) data, although security and return on investment (ROI) concerns remain high, according to a new report from 451 Research.

The firm surveyed nearly 1,000 enterprise IT buyers worldwide and found that 71% of the organizations are gathering data for IoT initiatives. Information security remains a concern, with half of the respondents citing security as the top impediment to IoT deployments. This was followed closely by 41% who cited IoT’s lack of perceived ROI and benefits.

Nonetheless, organizations are moving ahead with IoT initiatives and investing in technology to support IoT deployments. Enterprise IT respondents with IoT initiatives underway expect their mean IoT-related spending to grow by 33% over the next 12 months.

The study indicates that IoT deployments and usage will be particularly strong in enterprise initiatives around data and transactional intensive workload categories, such as data analytics and security. IoT-specific projects include data collection and analysis of financial, healthcare or industrial functions; the uptime/reliability of critical line-of-business servers and applications; and monitoring the efficiency and costs related to a specific business operation or department.

“When it comes to IoT adoption, pragmatism rules,” said Laura DiDio, research director at 451 Research and lead author of the study. “The survey data indicates enterprises currently use IoT for practical technology purposes that have an immediate and tangible impact on daily operational business efficiencies, economies of scale and increasing the revenue stream.”

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