The immense hype around the Internet of Things (IoT) certainly hasn’t gone unnoticed by businesses, as IDC’s latest research revealed that 31% of companies surveyed have already deployed IoT, with another 43% looking to deploy within the next 12 months. However, a recent study from the IoT Institute shows that only 25% of businesses feel that they have a clear IoT strategy.
What this data suggests is that businesses continue to rush into the IoT fray, but that many are doing so without asking the fundamental question of “Why?”
See also: To predict the IoT future, it helps to look to the past
Without an answer to that critical question, it’s hard to develop a clear business strategy around IoT