Comparative Analysis of IoT and Cloud Data Usage Across Sectors
The data from the 2024 CDW Canadian Hybrid Cloud Report provides a comprehensive view of how various sectors approach IoT and cloud data management.
Key Insights
Financial services show the highest ROI from IoT projects and lead in advanced cloud data integration, reflecting a strong alignment between technology investments and business outcomes.
The education sector demonstrates a robust cloud adoption and data migration strategy but faces heightened concerns about cybersecurity.
Comparison: Sector-Specific Analysis
IoT Project Success
Financial services organizations have had the most IoT success with 45.4% of the sector respondents realizing rapid payback.
Cloud Data Migration
Education leads others in terms of migrating operational data with 39% of the sector respondents saying that they have a policy to move operational data to cloud. Healthcare follows closely with 36.9% saying they have a policy, while financial services (27.8%) and government (30.7%) sectors take a more cautious approach.
Operational Data in the Cloud
Education boasts the highest mean percentage of operational data in the cloud at 26.39%, with financial services following closely at 24.68%.
Cybersecurity Concerns
57.4% of education respondents report concerns over cybersecurity. This is followed by the government sector (45.5%) healthcare (39.8%) and financial services (38.3%).
Investments in Edge Infrastructure
33.7% of healthcare and 33.0% of education respondents prioritize investments in edge infrastructure cybersecurity. Financial services lag in this area, with only 22.3% emphasizing edge security.
IoT/OT Integration
Financial services lead in IoT/OT integration, with 25.5% of organizations reporting that investments are largely completed. Government (15.2%) and healthcare (13.3%) report lower completion of investments.
Service Performance
Education places the strongest emphasis on improving service performance through IoT/OT integration, with 29.0% indicating this as a primary motivation. 24.7% of financial services respondents also prioritize this area.
Sector-Specific Insights
Government
IoT Project Success
42.6% of respondents say IoT projects are yielding value, with 35.6% saying that IoT projects are achieving rapid paybacks
Cloud Data Migration
Government reports moderate cloud adoption, with 30.7% of respondents having a policy to move operational data into the cloud
Operational Data in the Cloud
22.15% of government data is stored in the cloud
Cybersecurity Concerns
45.5% report rising cybersecurity concerns
Healthcare
IoT Project Success
40.8% of respondents state that IoT projects are showing some value
Cloud Data Migration
36.9% of healthcare respondents report having a policy to move operational data into the cloud
Operational Data in the Cloud
The sector shows moderate adoption at 21.80%
Cybersecurity Concerns
39.8% report rising cybersecurity concerns
Education
IoT Project Success
38.0% of respondents state that IoT projects have achieved rapid paybacks, with 12.0% stating that IoT projects are in production with no realized value
Cloud Data Migration
Education leads all sectors, with 39.0% of respondents saying that their policy is to move operational data in the cloud
Operational Data in the Cloud
The highest at 26.39%
Cybersecurity Concerns
57.4% of education respondents report rising cybersecurity concerns
Financial Services
IoT Project Success
45.4% of financial services respondents state that IoT projects have yielded rapid paybacks
Cloud Data Migration
27.8% of respondents from financial services report that their policy is to move operational data into the cloud
Operational Data in the Cloud
The sector reports 24.68% of operational data in the cloud
Cybersecurity Concerns
38.3% of respondents report rising concerns