Some say it’s the lack of standards, while others say it’s weak security. While both are important, the biggest challenge facing IoT today is developing a profitable business around the technology. As released in a whitepaper by the World Economic Forum, over 70% of organizations implementing IoT are stuck in “Pilot Purgatory”. This is because most IoT initiative don’t start with a business plan focused on creating more incremental value with IoT, than incremental costs. Developing a profitable ROI is the only path to scale and is core to everything that’s covered here on www.iot-inc.com.
ot-Inc is the leading business and technology resource for managers planning to do business with IoT. It only provides deep and insightful content from IoT industry thought leaders. Not an M2M retread; no fluff pieces by writers; no news scraped from press releases.
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