by Angela Guess
Jeff Kaplan recently wrote in the CIO Report Wall Street Journal blog, “Nearly every Internet of Things industry survey and market forecast has suggested that there is plenty of interest in the potential value of connecting products and even more reasons to pursue IoT strategies. Yet, candid conversations with corporate executives at many major enterprises and leading technology companies reveals that there has been far less movement to capitalize on the IoT opportunities than the market research and consulting firms anticipated. Upon closer examination, it is understandable why there’s been slower than expected IoT adoption.”
Kaplan explains, “Any bold, new idea that promises to transform the way organizations operate is bound to come with as many potential challenges and risks as opportunities and benefits. The impact of IoT on a company’s business operations goes far beyond previous technology innovations. Unlike past shifts in computing that primarily affected the way software and systems were deployed to support internal business functions, IoT calls on every department within an organization to rethink how they design, develop, sell and support products and services being delivered to their customers. This raises a myriad of technical, operational and ethical questions about security, privacy, data governance, monetization and other critical issues.”
photo credit: Flickr/ technicool