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

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

Businesses struggle to justify IoT deployments as lack of RoI dampens stakeholder appetite.

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.”

But are expectations unrealistic?

For Caron, IoT project costs and RoI justification may trail security as an obstacle to deployment, but for enterprises who opted against moving forward with IoT projects, “costs” were the number one reason, followed closely by lack of compelling use cases and security concerns.

“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 explained.

“For many projects, this may well be overly optimistic or otherwise unrealistic.”

Encouragingly however, nearly 70 percent of enterprises who had already implemented an IoT solution indicate that the project had already met their RoI expectations, regardless of the initial goals.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Current AnalysisInternet of Things

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments