Cisco reveals high rate of IoT project failures

A new study carried out by Cisco has revealed that 60% of IoT initiatives stall at the Proof of Concept (PoC) stage and only 26% of companies have had an IoT initiative that they considered a complete success. A third of all completed projects were not considered a success.

"It's not for the lack of trying," said Rowan Trollope, Senior Vice President and General Manager, IoT and Applications, Cisco. "But there are plenty of things we can do to get more projects out of pilot and to complete success."??Inbar Lasser-Raab, VP of Cisco Enterprise Solutions Marketing, added: "We are seeing new IoT innovations almost every day.

"We are connecting things that we never thought would be connected, creating incredible new value to industries. 

"But where we see most of the opportunity is where we partner with other vendors and create solutions that are not only connected but also share data. That shared data is the basis of a network of industries - sharing of insights to make tremendous gains for business and society, because no one company can solve this alone."