Eighty percent of surveyed tech executives from companies using Internet of Things and Augmented Reality technologies say those will become standards in their industry within five years, according to new research from PTC and Boston Consulting Group.
The report, entitled “Unleashing the Power of Data with IoT and Augmented Reality,” found that fifty percent of survey respondents have already demonstrated the value of using IoT and AR.
“We are pleased to see how early IoT adopters are now implementing AR solutions to capture more value, and we look forward to continuing to help our customers on the progression of their digital transformation initiatives,” said Jim Heppelmann, president and CEO, PTC.
The report looks at the value of IoT-augmented reality technologies across more than 30 industrial, design, device management, organizational structure, and investment return use cases.
It also provides an in-depth analysis of both a service parts repair scenario and a warehouse setting, displaying how a combined IoT-AR solution can augment, enhance, and revolutionize process management.
Employee connectivity and remote collaboration are especially critical during the COVID-19 crisis, when industrial companies must enable offsite and on-site employees to collaborate and maintain business continuity.
“This report provides a full-scale look at the benefits that can be derived from IoT-AR integration,” said Zia Yusuf, managing director and senior partner of Internet of Things projects, BCG.
Read Next: Smart Cards Applications in IoT Security
“We believe that the results of our survey and the findings of the report make clear that the integration of both technologies is crucial to achieving success in this highly digitized environment.”
To read the report and learn more about how AR can help unlock the full potential of IoT, click here.