Enterprises in Brazil Expecting Big Things From IoT

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 today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

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.”