More than 40% of organizations expect the Internet of Things (IoT) to transform their business or offer significant new revenue or cost-savings opportunities over the next three years, rising to 60% for the longer term (more than five years), according to a recent survey by Gartner Inc.

Those surveyed also said many of their organizations have not established clear business or technical leadership for their IoT efforts, however. The survey, conducted in October 2014 among Gartner Research Circle Members (a Gartner-managed panel), included 463 IT and business leaders who had knowledge of their organization's IoT strategy.

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