- About 75% of IoT devices are "failing" due to individualistic needs, according to Kevin Bloch, CTO of Cisco, reports ZDNet. The needs are "societal" and include things like lighting and parking, he said.
- The problem also extends to the devices' insufficient security due the start-up nature of their origins. IoT devices need network-side security and implementation of better notification/approval processes for internet connectivity, according to the report.
- However, the massive amounts of data stored on IoT devices is typically unnecessary. Bloch predicts that by 2025 approximately 40% of data won't even make it to the cloud. To decipher what data is most important, companies need to combine computation, artificial intelligence and machine learning.
Approximately 30% of decision-makers say their organization collected data through the IoT to help make "strategic decisions for institutional advancement," lending a hand for more competitiveness.
Companies adopting more mobile solutions have no option but to integrate IoT devices into their technological infrastructure.
Nearly one-third of organizations already use IoT solutions, but 68% are struggling to recruit IoT-specific talent. Candidates need to accommodate the operational and informational technology requirements of the field, and that slims down the hiring pool.
While data collected through IoT devices can be invaluable, mindful security often takes a backseat. About 21 billion IoT devices will be added to the tech ecosystem by 2020, yet vendors are not complying with growing concerns.