If you are doing an Internet of Things (IoT) deployment, prepare for failure. That is the overarching takeaway from a survey Cisco conducted of more than 1,800 IT leaders in the US and UK.
Cisco found that in most cases, it was not a technology problem. In most cases, problems arise from company culture, organisation and structure. The top five most common reasons IoT projects fail are:
- They take too long
- The enterprise has limited expertise
- Quality of data is sub-par
- Lack of integration across teams
- Budget over-runs
And the failure rate is high. According to the survey, only 26% of respondents said their companies are successful in their IoT initiatives. Almost two thirds (60%) said that while IoT initiatives look good on paper, they prove more complex to implement than expected.
Irrespective of the failure rates, almost three quarters (73%) of organisations are using IoT data to improve their business.
The survey did not just look at failures, but also examined what ingredients make an IoT project successful. Of the respondents who did have successful deployments, more than half (54%) said collaboration between the IT and business departments was absolutely critical.
Cisco also recommends asking for vendors help guiding IoT projects to provide added expertise that may be lacking in the organisation that’s doing the deployment.
IDGNS and TechCentral Reporters
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