We blog often about IoT success stories. From exciting use cases in different industries, to narratives of how start-ups can go from intangible idea to concrete reality, we’ve covered a range of different examples of how connected operations can – and do – power impressive accomplishments.
But that isn’t to say that IoT projects are easy to pull off. In fact, a significant proportion of them fail – indeed, according to a survey by Cisco in May 2017, as many as 60% of corporate IoT projects stall at the proof of concept phase, while only a quarter of survey respondents said they considered their IoT deployment an overall success.
What, then, were the problems?
The key point to take from the Cisco survey is that the problem was rarely, if ever, a technological one. The top reasons for IoT project failure were as follows:
The Cisco survey tells us, then, that culture and personnel are far more critical to the success or failure of an IoT project than the technology deployed. When you think about it, this isn’t particularly surprising. The sheer complexity, variety and range of IoT systems in the market already mean that any organisation should be able to select and apply a platform that works for them. But people are the driving force behind where technology is deployed within an organisation and the cultural shifts that need to take place for its benefits to be maximised.
How, then, can your organisation avoid the above pitfalls?
Project failure may still be too common in the IoT world – but some simple steps can massively mitigate the risk.
IoT projects can be daunting prospects. The IoT is by nature complex and dynamic. Once your organisation has committed to developing an IoT strategy, it has to accept the reality of a vastly increased number of devices on its network, ever-changing user bases and ever-moving endpoints, and, crucially, a much, much larger volume of data to process than ever before.
Unfortunately, in many cases, the problems start long before the project has got off the ground. IoT strategies are complex to implement, and a high proportion of them fail before completion. This is costly, can impact on operational efficiency and drag down morale. How, then, can you plan for a successful IoT project? Here are 7 key areas to consider, which we will cover in more detail: