Why Industrial IoT Projects Fail – A Beecham Report
The Industrial IoT (IIoT) offers huge potential both to improve existing operations and to introduce new service opportunities into business. Nevertheless, IIoT solutions can be complex and IoT projects do fail to reach their goals. In an effort to learn from these challenges, a recent report by Beecham Research (available here for free) cites numerous reasons why IoT projects fail.
At a high level, the following are some of the key findings from that research:
- Business Aims Not Thought Through
- Company Internal Issues
- Unforeseen Technology Issues