IoT initiatives have stalled, suggesting challenges are impeding success
Less than one-quarter of organizations have reached the stage where IoT initiatives are transforming business processes, services and products. The vast majority are in the preparatory (consideration and planning) or pilot stages.
Half of organizations surveyed cite increased exposure of data / information security as the biggest challenge to realizing IoT potential.
Other early stage concerns, such as return on investment / making the business case and interoperability with current infrastructure/systems, round out the top three risks/challenges on IT and business leaders’ minds.
One-third of respondents indicate finding the right staff / skill sets is also a challenge.
Despite lagging implementation, significant digital transformation is expected