Connectivity, proving ROI biggest challenges in IoT projects
IoT projects face a number of technical and business challenges. Connectivity and proving ROI are ranked as the biggest challenges by European IT professionals.
Enterprises face a number of technical and business challenges when it comes to planning and deploying “Internet of Things” projects. A survey conducted by IoT platform provider Plat.One of European IT professionals found connectivity and protocols were seen as the biggest technological challenges.
“There are lots of cool use cases in loT, but before we get there, there are fundamental problems that need to be solved first: how to connect to machines, monitor them, bring the data from heterogeneous machines; taking different machine protocols together to allow complex analytics and decisions to be made. In all my experience in IoT this often comes up as issue No. 1: the machine integration/interoperability issue,” said John Bates, CEO of Plat.One, to Industrial IoT 5G Insights.
The second biggest technical challenge with IoT projects is the analysis of IoT data, followed by sourcing hardware sensors and edge processing. Surprisingly, security did not make it to the list of top IoT challenges.
“Yes, it is surprising security wasn’t mentioned more strongly. Clearly it is key. And it must be part of IoT communications; end-to-end security is vital,” said Bates.
Biggest technical challenges in planning and deploying IoT projects
An unrelated survey of 1,000 IT professionals conducted by Neustar gives a mitigated picture of how enterprises look at IoT security. Among companies that have deployed IoT devices, 81% said they suffered distributed denial of service attacks in 2015. Yet, only 34% stated they were focused on keeping IoT devices secure, the survey found. Additionally, 42% did not realize they were suffering a DDoS attack until after being notified by a third party. On the positive side, 84% of IoT adopters stated they were increasing their investment in DDoS defenses. In total, 81% of surveyed companies intend to roll out IoT devices by 2017.
Biggest business challenge in planning and deploying IoT projects
Connected products, and transport and logistics are the two most common areas within which European IT professionals are planning to deploy IoT over the next two years, according to the survey, if projects get funded, that is. Only 9.1% of respondents stated IoT projects were funded, and an additional 18.2% noting projects were partly funded. Looking at the business side of the equation, the survey found the biggest business challenge in planning and deploying IoT projects was proving return on investment.
“Yes, everyone is excited by IoT, but getting business budget to do projects needs proof of ROI: increased profit, cost reduction, etc,” said Bates. Convincing key internal stakeholders this is the right time was found to be the second biggest business challenge.
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