TECH TALK
Cisco survey reveals close to
three quarters of Internet of
Things projects are failing
2.Don’t Go It Alone. Sixty per cent of
respondents stressed IoT initiatives
prove much more difficult than
anyone expected.
“We are seeing new IoT innovations
almost every day,” said Inbar Lasser-
Raab, VP of Cisco Enterprise Solutions
Marketing. “We are connecting things
that we never thought would be
connected, creating incredible new
value to industries. But where we see
most of the opportunity, is where we
partner with other vendors and create
solutions that are not only connected
but also share data.”
Rowan Trollope, Senior Vice President and General Manager, IoT and
Applications, Cisco
A new survey conducted by Cisco
shows an overwhelming number of
IoT projects are failing at an early
stage.
more projects out of pilot and to
complete success.”
The survey, revealed at the IoT World
Forum, found that 60 per cent of IoT
initiatives stall at the Proof of Concept
(PoC) stage and only 26 per cent of
companies have had an IoT initiative
that they considered a complete
success. Key findings of the survey revealed:
1.Human factors matter. The reason
for the success of three quarters of
successful IoT projects had to do with
the relationship between different
departments. Collaboration between
IT and business departments was the
top factor, according to 54 per cent of
respondents.
Even worse a third of all completed
projects are not considered a success.
“It’s not for lack of trying,” said
Rowan Trollope, Senior Vice President
and General Manager, IoT and
Applications, Cisco. “But there are
plenty of things we can do to get The survey found IT decision-makers
are more likely to think of IoT
initiatives as successful. While 35 per
cent of IT decision-makers called their
IoT initiatives a complete success,
only 15 per cent of business decision-
makers did.
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INTELLIGENTCIO
3. Reap the Benefits. Seventy-three
per cent of all participants are using
data from IoT completed projects
to improve their business. Globally
the top three benefits of IoT include
improved customer satisfaction (70
per cent), operational efficiencies
(67 per cent) and improved product/
service quality (66 per cent).
4. Learn from the failures. Taking
on these IoT projects has led to
another unexpected benefit: 64
per cent agreed that lessons from
stalled or failed IoT initiatives have
helped accelerate their organisation’s
investment in IoT.
Despite the challenges, many
respondents were optimistic for the
future of IoT. Sixty-one per cent
believe the surface has barely been
scratched with what IoT technologies
can do for their businesses.
“There are plenty of things we can do
to get more projects out of pilot and
to complete success.” ¡
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