The development of silos around IoT data, a key issue that’s holding back wider expansion of connected devices, is fueled by a lack of experience in the IoT.
The development of silos around IoT data, a key issue that’s holding back wider expansion of connected devices, is fueled by a lack of experience in the IoT, Cisco Australia CTO Kevin Bloch explained to ZDNet.
The networking giant is creating a new foundation for connected devices, “IoT Phase 2,” that it's hoping will be able to serve as a platform where companies can combine data and applications from disparate IoT solutions to generate actionable insights.
Bloch estimates that three-quarters of all IoT projects are failing. Here are two key reasons projects aren't having the transformative impact companies are hoping for:
A key promise of the IoT is that it will allow companies to leverage data from various connected devices to streamline operations. Silos between different IoT solutions, though, stymie that goal and can actually increase the load on employees. Companies developing IoT solutions are cognizant of the difficulty of integrating an IoT solution into existing systems; in an exclusive BI Intelligence survey, 46% of IoT solution providers said system integration was a challenge in developing a service. Overcoming this challenge is critical for the continued expansion of the enterprise IoT.
To get the full report, subscribe to BI Intelligence and gain immediate access to this report AND more than 250 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> Learn More Now