Here's Why The IoT Market Is About To Explode

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Challenges Remain In Enterprise Adoption

Though many organizations view IoT as critical to their business strategy, there are still challenges – many organizations cited lack of internal skills, as well as security, as top concerns in deploying an IoT solution.

"Setting strategies, finding budgets, and supporting IoT solutions have contributed to an ongoing tussle between line-of-business executives and CIOs," said Vernon Turner, senior vice president of Enterprise Systems and IDC Fellow for the Internet of Things. "However, that race may be over, because in many cases line-of-business executives are now both leading the discussions and either paying in full or sharing the costs of IoT initiatives with the CIOs."