There appears to be a mismatch between hype and reality in the “Internet of Things” space. There are sky high predictions on the number of upcoming connected devices (tens of billions) yet tepid interest from many major corporations.
In addition to a range of multimedia devices such as computers, electronics, smartphones and communication tools), these “things” include thermostats, lighting systems, door locks, office equipment, appliances, various health monitors, medical and fitness censors, farm equipment, factory and warehouse machines, and so on. Or, based on Ciscos definition, “everything” means “anything with an on/off switch.”…
Some skeptics argue that techno geeks have made these claims for years, ever since Ashton coined “Internet of Things” in 1999, but that little has changed beyond the connection of multimedia and electronic devices. Little, that is, except the hype, which continues to escalate every year.
According to a white paper by Forrester analysts Christopher Mines and Michele Pelino, there’s a minimum of connected world adoption among enterprise customers. “Our 2013 networks and telecommunications survey shows that more than 50 percent of companies have no interest and/or no plans to implement machine-to-machine or Internet of Things capabilities, while just 8 percent tell us they have implemented M2M or IoT systems.”
Lack of interest, according to Forrester, begins with security concerns (37 percent), followed by costs (32 percent), technology immaturity (25 percent), integration challenges, migration and/or installation risks and regulatory issues.
Yet ABI Research predicts more than 30 billion devices will be wirelessly connected to the Internet of Things by 2020; Cisco says 50 billion.
via What the Internet of Things Will Mean for CIOs – CIO.com.
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