A study was conducted recently by management consulting behemoth- Bain and Company – to understand the key points which are keeping enterprise customers away from adopting IoT (Internet-of-Things) technology. This is the third year of this study and like them last time as well, cybersecurity issues figure right on top. This is followed by the IT integration with larger issues and an unclear business footprint, exactly like last year. Data portability and vendor risk are newer issues that have come up the rankings of concerns, though not yet among the top three. Legal issues are no longer so severe thanks to proactive steps taken across the board. The business conundrum, especially on returns will need to be solved pretty soon, before any enterprise customer decides large-scale IoT adoption. Remote monitoring will increasingly need to be part of any suite as it helps in better integration with standalone devices.

Source:https://www.bain.com/insights/whats-keeping-enterprise-customers-from-adopting-IoT-technology-snap-chart/

Uploaded Date:26 September 2018