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Three-quarters of IoT projects are failing, says Cisco

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As many as three-quarters of IoT projects are a flop, according to Cisco. But rather than having fewer crappy connected devices, Switchzilla reckons what’s needed is a better IoT architecture. If only someone could help…

Some 60 per cent of IoT projects stall at the proof of concept stage, with just 26 per cent going on to be be viewed as a complete success, according to a survey of 1,845 IT bods by the biz.

Speaking at Cisco’s IoT World Forum in London, chief exec Chuck Robbins said part of the problem was a lack of interest from the top of companies, with leaders failing to “buy in” to IoT.

“We need to built IoT architecture that allows you to go beyond that 26 per cent,” said Robbins.

“People are saying: I no longer want to be in the systems integration business, I need integrated stuff that just works. I need to get to the outcomes faster, I want to buy it as a service that is what is driving this.”

By 2020 Cisco reckons there will 50 billion connected devices. “The threat landscape in this world is getting so much bigger,” said Robbins – citing the example of the Mirai botnet and the WannaCry ransomware attack.

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