2 out of 3 IoT projects fail: How to be the one that succeeds

Wed, 2016-03-09 06:00 -- Kevin Ebi

The Internet of Things (IoT) is practically becoming a buzzword — and according to Council Lead Partner IBM in about two out of three places that deploy it, it never achieves more than that. You read that right: It believes two-thirds of IoT projects are doomed to fail.

But you can be the one that succeeds. Sushil Pramanick, IBM’s IoT leader, outlines the traits of the IoT winners in a new blog post. It’s a recipe for IoT success. Here are a few of the highlights:

1. Know what you want to accomplish
Installing sensors and collecting real-time data is great. Analyzing it is even better. But have an idea of what you want to accomplish before you get started. If you don’t, there’s no guarantee the systems and software will work together or that you’ll even get the data you’re looking for. Success doesn’t usually happen by accident.

2. Be realistic when developing your plans
As with any technology implementation project, know your limits. Know what you can do in-house; know when you need expert help. And understand the risks of using solutions that haven’t been proven. You need these answers before you make key decisions.

3. Are you prepared for all of the data?
Understand that collecting real-time data involves having a lot of storage. IBM, for example, says The Weather Company, which it announced plans to acquire, generates 4 GB of data each second. You’re probably not going to collect quite that much, but you also don’t want to be surprised by how much storage you need. Again, that’s something you should determine before you open the data floodgates.

Read the IBM blog for more tips.

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