8 out of 10 IoT projects fail even before they are launched. The startling piece of statistic will make any IT leader shudder with trepidation. And it takes on an even more alarming dimension when viewed against another significant piece of statistic. A recent survey by research agency Gartner reveals that 43% of organizations are using or plan to implement the Internet of Things in 2016. IoT projects are sprouting like mushrooms after the fresh spring rain. But will these projects go down the rabbit hole? “Yes,” says Ganesh Ramamoorthy, Principal Research Analyst, Gartner. “8 out of 10 IoT projects fail even before they are launched,” he proclaims.
There are two forces at work in today’s IT infrastructure, coming from two different directions. On one end, there is the drive toward enhanced user experience (UX), fueled by the need to achieve greater cohesion between applications and the people who use them, or even a greater sense of satisfaction and joy among users.On the other side of the world, there is the emerging Internet of Things (IoT), in which devices, sensors, applications and anything else you can think of are accepting or generating data to provide situational awareness.
For the last several decades, the locus of technological power and control within businesses has resided in the IT department. IT has bought and managed the technology that people use on their desks, as well as hardware and software that drives today’s data centers, and enables connections to and services within the cloud.
But all of that is about to change.
Everyone in IT loves milestones. The first…, the most…, the best…, the biggest… you name it! Innovation in general, and more specifically technology, attempt to constantly achieve new heights and surpass previous records. The IoT is the smart kid in class, the most gifted offspring of all technological fields and is destined to engulf everything technological, making Cisco’s claim true: the Internet of Everything is inching closer every day. 2016 will see an astonishing 39% more connected elements in the
Most executives have high hopes for the so-called Internet of Things (IoT), which is still relatively new on the scene. Interestingly, close to one in four companies say IoT is already delivering some form of business value. That’s the key takeaway from a survey of 200 IT and business leaders released by TEKsystems, an IT staffing company. The survey finds close to one in four organizations (22%) have reached the stage where IoT initiatives “are having a substantial impact” on their businesses.
CIOs can expect to hear a lot more about the Internet of Things (IoT) in 2016. The trend is right at the peak of Gartner’s hype cycle for emerging technologies and IT leaders will have to help the business make sense of connected devices.ZDNet spoke to the experts at the recent Subscribed event in London, held by software-as-a-service provider Zuora. From investigation to experimentation, here are five best practice tips for business leaders investigating the IoT.
A wealth of examples are now emerging across industry sectors of successful implementations of Internet of Things (IoT) technologies. These projects are creating new efficiencies, competitive edge, cost savings and revenues, and demonstrating that the Internet of Things is here to stay.IDG in partnership with Intel recently surveyed 200 IT leaders on the subject of IoT. The survey suggested that IoT is beginning to catch the interest of IT leaders, with the majority of respondents defining it as ‘the biggest revolution in business computing for decades’.
The stats are here: investment bank Goldman Sachs cites the Internet of Things as a $7 trillion opportunity by 2020 – with IoT set to have an impact at every stage in the production and distribution of products.Wikibon predicts the value of efficiency savings from machine data alone could reach close to $1.3 trillion and will drive $514 billion in IT spend by 2020. Manish Sablok, Head of Field Marketing, North West and East Europe at ALE, looks at the four fundamental network requirements to enable business to take full advantage of the transformations that IoT will drive.
WattzOn, a leading provider of energy engagement and savings solutions for homes across the U.S., announced today that CIO Review, a technology and business magazine for corporate decision makers of enterprise IT, has named WattzOn to its list of the “20 Most Promising Energy Technology Solution Providers.”
Smart cars, smart homes, smart devices… embedded intelligence has changed the way we live and redefined industry methodologies around the world. Connecting and empowering these devices puts skyrocketing stress on the IT teams that manage data centers.