Predictions are easy to make. Making predictions that come to pass – well maybe not so much. There has always been a school of thought that predicts that adoption of technology will lag behind the introduction of the technology itself. While I believe this has been the case with IoT-based solutions, I am of the mind that widespread adoption and deployment of IoT-based initiatives are still imminent. The author of the article that follows subscribes to this same mindset, and shares the outcomes of his original predictions as well.
By now, most people have heard about the internet of things (IoT). While the term was first coined in 1999, the modern interpretation really took shape within the last decade when we began to see the promise of a world of connected “things” working together to make business and leisure more efficient, convenient, and affordable. But that’s not really what ended up happening … yet.
The reality turned out to be far less rosy. Fragmented markets, ecosystems and organizations, security breaches and data losses, lack of skills, process and integration challenges — all of these factors made adoption of the IoT more complex, costlier and riskier. It also took all of us significantly longer than anticipated to develop a firm understanding of these new environments, markets, technologies, what our place would be in emerging ecosystems, and how to develop repeatable models and return on investment (ROIs).