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Monday, May 16, 2016

Hidden Costs of Industrial IOT

In Read Write Web: Cisco report.   If these are truly hidden costs, the business models are not very well done.

A recent report indicates that while firms are benefiting from investments in the Industrial Internet of Things (IIoT), the complexity of the technology can prove costly.

An April white paper entitled “The Hidden Costs of Delivering IIoT Services”, was authored by Cisco Jasper, a global IoT platform. The white paper determined that companies saw “internal productivity and efficiency” as the key incentives to integrating new IIoT technology into their business models.

And with IDC predicting over 30 billion IoT devices by 2020, connected equipment looks to become ubiquitous in the coming years.

However, the rush to integrate IIoT can weigh on companies who aren’t prepared for the added costs. .... " 

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