How Enterprises Can Minimize Risk in Deploying Internet of Things Solutions
In November 2017, Cisco’s Australian CTO Kevin Bloch stated that three-quarters of all Internet of things (IoT) projects are failing because they were originally designed to solve individual problems and have since become siloed and unsupported as a result. Bloch remarked that enterprises develop IoT solutions that have been designed to solve a particular problem such as lighting or parking and end up with multiple siloes from multiple vendors that are neither interoperable nor secure. As a result, Cisco is constructing an “IoT Phase 2” foundation and offering a platform that integrates data from different sensors, vendors, applications, and data interchanges. Despite the benefits that these solutions provide, they introduce risk to sales of existing products and services, internal workflows, and customer relationships. If execution, technology, or supplier choices are poor, the results will be poor.
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