IoT technology has advanced immensely over the past ten years. These new advancements have paved the way for businesses in almost every industry to leverage cutting-edge IoT devices as a way to optimize their operations, productivity, and revenue. But the complexity that comes with successfully launching an IoT project can cause long-term challenges if not addressed early on. In fact, 60% of all IoT initiatives stall at the Proof of Concept stage. And only 26% of companies have had an IoT initiative that they would consider a complete success.
IoT holds such promise for businesses; so why, then, are many IoT projects failing before they ever get off the ground? And how can your organization keep from becoming an IoT failure statistic?
In our latest eBook, Why IoT Projects Fail: Six Critical Capabilities You Need to Consider, we take an in-depth look into the challenges facing companies as they look to launch an IoT initiative. From strategy and readiness to device lifecycle management, we not only identify the major obstacles facing your business, but also provide actionable tactics to overcome them. With adequate planning, needs assessments, and implementation, your IoT initiative can, and should, succeed.
This eBook outlines best practices from industry experts that will help you take a holistic approach to your initiative in order to avoid the pitfalls most organizations fall victim to.Uncover challenges and solutions to plan for when launching your IoT initiative, including: