Six-in-10 IoT projects fail to make it past concept: Capgemini

Although a vast majority of companies have good intentions when implementing IoT to support smart operations, obstacles with this technology remain. Capgemini released a report today broken down by industry that shows IoT initiatives designed to optimize operations at companies do not achieve their goals or reach meaningful scale. A few of the key findings include:

  • 6 out of 10 organizations have failed to take operational IoT initiatives past proof-of-concept or beyond implementation at one or two sites
  • More than 60% of organizations cite cyber security or data privacy concerns as a major deterrent to implementing IoT in operations
  • Around 50% of companies struggle to establish a clear business case for their investments
  • 60% of companies say they don’t have the analytics capabilities to take advantage of the data generated from IoT sources
  • More than 50% of organizations say uncertain standards are a significant challenge.

Here is a breakdown of industry activity in deploying IoT operations at full scale:

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