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Three Quarters of IoT are at Risk of Failure

Three Quarters of IoT are at Risk of Failure

The majority of IoT devices are at risk of failure, with almost two thirds stalling at the proof-of-concept stage.

According to a report released at Cisco’s IoT World Forum in London, only 26% of businesses report a successful project completion.

Cisco’s statistics were sourced from nearly 2,000 IT decision makers based in India, the UK and the US.

Cisco CEO, Chuck Robbins, found the positive in the statistics and highlighted the potential of IoT.

He said: “We’re in phase zero. This is the low-hanging fruit,” he said during his keynote presentation.

“This next wave of connectivity is going to change everything about what we do. We don’t even know what’s possible yet.

“We do know that as we embark on these projects, we can improve customer satisfaction, drive greater efficiency and improve product and service capability.”

Cisco believes those embarking on their first IoT projects could help things along by taking time out to consider human factors such as corporate culture, organisation and leadership.

Cisco also pointed out the importance of a technology-centric internal culture, proper training and expertise and external partnerships with industry suppliers and service providers.        

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