30% of IoT projects fail in the proof-of-concept stage

Posted on 31 Jul 2019 by Jonny Williamson

Decision-makers believe that 30% of their company’s revenue two years from now will come from the Internet of Things, yet almost a third of projects aren’t moving beyond the initial phase.

Among IoT adopters, 88% believe it is critical to business success. Adoption of the Internet of Things (IoT) and its supporting technologies is growing rapidly, with the IDC forecasting that there will be 41.6 billion connected devices globally by 2025. However, the industry faces a significant IoT skills gap, as well…

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