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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Internet of ThingsCurrent Analysis

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments