​Is it time for the Internet of Things to deliver RoI? – ARNnet

August 22, 2016 Facebook Twitter LinkedIn Google+ Uncategorized

Enterprise expects “aggressive, short-term expectations” for pay back on Internet of Things deployments, with over 50 percent of businesses expecting Return on Investment (RoI) in less than one year.

Findings form Current Analysis also reported security concerns as the leading challenge for enterprises in getting IoT projects implemented, yet many organisations steam ahead with project planning before implementing security mechanisms.

Citing security and value justification as the biggest obstacles to IoT project deployment by enterprises, proving the value of IoT projects to key stakeholders remains an ongoing roadblock for businesses, alongside privacy concerns.

“The speed with which many organisations require IoT implementations to at least pay for themselves is eye-popping, but also a clear sign that IoT in the enterprise is well beyond hype and into the realm of the actual,” Current Analysis senior vice president, Jerry Caron, said.

“Businesses have no patience for projects that don’t pull their weight, and clearly many believe that they are not just take a speculative gamble with their IoT plans.”