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› Forums › General › News (General) › IoT Projects have a 75% Failure Rate – Beat that rate
Tagged: BizDev_G2, Governance_G12, Tips_G9
#News(General) [ via IoTForIndiaGroup ]
A recent survey of 1,845 business and IT decision-makers in mid-market and enterprise companies, conducted by Cisco, found that nearly three-quarters of Internet of Things (IoT) projects aren’t successful. The top five reasons include:
Long completion times
Poor quality of the data collected
Lack of internal expertise
IoT integration
Budget overruns
These results aren’t surprising given the immaturity of the IoT solutions, evolving technology standards, and limited expertise among the IoT community.
In light of these survey results, how do you ensure that your first IoT project implementation is successful? In this post, I’ll share ten best practices for managers planning their first IoT project.