The opportunities and challenges in this space have been highlighted in the recently published Land of Sweeping Change: Powering Australian Business towards A Connected Future, developed by the Economist Intelligence Unit, commissioned by Telstra.
Drawn from a survey of 300 senior Australian executives in industries ranging from agriculture to distribution, manufacturing, transport and telecommunications, the study found a rapid but lumpy uptake of M2M technology. The research highlights changes that need to take place in order for the benefits of M2M to be realised across the economy—including cultural, structural and communications issues that hamper technology rollout.
A bright future
The research shows that once these challenges are addressed, M2M offers a huge boost to operation efficiency, customer service and workplace safety. Moreover, large-scale change could come sooner than we expect; software developers, hardware manufacturers and telecommunications providers are already working together to remove integration headaches and boost performance.
At the same time, businesses and industry groups are removing some of the cultural roadblocks slowing M2M adoption, and new analysis tools are making it possible to get all-important insight into return on investment of existing projects, making the technology easier to explain and adopt.
So now is the time to consider how your industry might be on the verge of major change, caused by machines that talk to each other.