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Large enterprises are adopting emerging tech at much higher rate than small companies

Adoption rates of emerging technologies in large enterprises are up to 10 times higher than in small businesses, and by 2020, 86 percent of companies with more than 5,000 employees plan to adopt Internet of Things (IoT) tools, 65 percent plan to deploy edge computing, 64 percent artificial intelligence(AI), and 56 percent blockchain-enabled technology. That's according to a newly released report from IT marketplace Spiceworks, which is based on a survey of 780 IT decision makers in North America and Europe conducted in July 2018. Because larger organizations are more likely to increase IT budgets in 2019, the study said, the findings indicate they're able to simultaneously upgrade outdated infrastructure, implement the latest security products, and invest in innovate technologies. "Larger companies have more resources and manpower to dedicate towards testing, deploying, and managing emerging technologies," said Peter Tsai, senior technology analyst at Spiceworks. As a result, many smaller companies are putting off adopting emerging technology until it is proven to have a significant impact in the workplace, Tsai said.