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Internet of Things (IoT)

Openness and trust key to a scalable IoT future

Gartner predicts that by 2020, over half of major new business processes and systems will incorporate some element of the Internet of Things (IoT).

In the meantime, however, IoT has hit something of a wall. According to a Cisco survey of over 1800 companies that have launched IoT projects, 60% of initiatives stalled at the proof-of-concept stage. Of those that moved into the pilot stage, less than a quarter were considered ‘successful’ by the business.

“The main issue stalling large-scale IoT initiatives at the proof of concept stage is the bewildering complexity of the supply-side,” says Martin Garner, Senior Vice President at CCS Insight. “This complexity means that there is considerable commercial and technical risk, with interoperability as one of the key risk areas.”

To move beyond mere POCs and become scalable and something companies can create true value from, IoT needs to become more open and standardized.

 

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Dan Swinhoe

Dan is a journalist at CSO Online. Previously he was Senior Staff Writer at IDG Connect.

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