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Are Kiwi businesses too “immature” to deal with IoTs?

Are Kiwi businesses too “immature” to deal with IoTs?

"IoT is very immature, and many organisations have only just started experimenting with it..."

“We expect that over the next three years, more organisations will establish clear leadership, and more will recognise the value of some form of an IoT centre of excellence because of the need to master a wide range of new technologies and skills."

Even respondents who expect the IoT to have a significant or transformational impact are often working for organisations that haven't established clear leadership.

The situation here, according to Jones, is a little better than average, however, with 35 percent of respondents from organisations that expect the IoT to be transformational having some form of leadership in place.

Many survey respondents felt that the senior levels of their organisations don't yet have a good understanding of the potential impact of the IoT. However, attitudes toward the IoT vary widely by industry.

For example, board of directors' understanding of the IoT was rated as particularly weak in government, education, banking and insurance, whereas the communications and services industries scored above-average ratings for senior executive understanding of the IoT.”

New domains such as the IoT inevitably pose new risks and challenges and survey respondents were acutely aware of the possible factors that could inhibit IoT deployment," Jones adds.

"Security and privacy are, unsurprisingly, top issues and industries dealing with intangibles were more concerned with security and privacy than those dealing with tangibles because many operate in very security-aware areas such as banking.

“Obtaining staff and skills is another major inhibitor for many respondents, particularly those who expect the IoT to be transformational because they are likely to need sophisticated skills relatively urgently."


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