60% of surveyed companies who use IoT reaped the benefits of IoT technology in less than a year; while
23% reaped the benefits in less than 2 years.
During 2021, Tech.mt explored the adoption of IoT among businesses and investigated areas such as sectoral relevance, willingness to invest, barriers or challenges, effectiveness on business operations, and insights into actual industry applications.
This report aims to shed light on how IoT is paving the way for businesses to redefine the way they manufacture or design products, optimise processes, and enable enhanced sales, while at the same time increasing awareness of its adoption amongst Maltese businesses.
As part of Tech.mt’s mission in forming Malta’s national objectives for the adoption of emerging technologies such as IoT amongst the business community, this report aims to provide further insight from local businesses on the diverse application of IoT across multiple sectors of our economy.
106 companies participated in this survey
2021 Landmark Study