Challenges to the predicted runaway success of IoT loom large. This is, in part, because IoT is still a relatively new phenomenon, and because not all businesses have “things” to manage. Stratecast, however, asserts that among those who do, there were three primary reasons for the sparsity of IoT-ready respondents:
- The lack of a clear, compelling return on investment (ROI) story about the benefits IoT can deliver.
- Knowledge gaps between the market hype surrounding IoT and a true understanding of what it takes to deploy IoT.
- Uncertainty over the value to be obtained from yet another data stream.