IoT Beyond PoC: A shift in mindset

The Internet of Things (IoT) is having a huge impact, with experts anticipating a significant increase in adoption of the technology, particularly across the enterprise. Growth Enabler predicts that the global IoT market is set to grow to $457.29 billion (€392.71 billion) by 2020 driven in part by the acceptance, adoption and business applicability of IoT across numerous sectors. According to research from Vodafone, the number of IoT adopters across all industries has already more than doubled since 2013, equating to 29% of organisations globally and demonstrating how compelling the case for IoT is to businesses. However, as Jason Kay, chief commercial officer, IMS Evolve writes, the results from Cisco’s IoT deployment survey show how decision makers must place greater emphasis on business objectives when implementing an IoT project; 60% of IoT initiatives stall at the Proof of Concept (PoC) stage and only 26% of organisations have had an IoT project that they believed to be a complete success.