interestingly the study found that, despite widespread security concerns among surveyed firms, many organizations are jumping into the planning phase of IoT projects without implementing security mechanisms.
But for Caron, it all comes back to the question of whether IoT can live up to revenue expectations.
“Where justifying a project will depend on RoI timescale goals, it’s telling that more than 50 percent of enterprises hope for a payoff in under a year,” he said.
“For many projects, this may well be overly optimistic or otherwise unrealistic.”
And though these high expectations for IoT revenues are often overly aggressive, the report did find that in many cases such high ROI targets were exceeded.
Nearly 70% of businesses with deployed IoT technology reported that the project in question has already met their ROI targets, regardless of the initial goals.