Internet of Things Adoption to Rise Despite Security, Data Integration Challenges

STEVEN NORTON | August 6, 2018

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Firms continue to adopt Internet of Things technologies, but believe large-scale deployments and returns on investment may take longer than expected to materialize due to ongoing security and implementation challenges. Companies are expanding existing IoT projects and launching new ones 60% this year versus 40% in 2016 due to increased interest in the technologies and the availability of solutions, according to more than 600 IoT decision-makers polled by consulting firm Bain & Co. But many expect it will take longer than previously thought to scale within their organizations. In the 2018 survey, about 15% fewer respondents felt they would be in proof-of-concept or some level of IoT implementation by 2020.

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