High hopes, yet deep concerns about IoT

Industrial IoT’s big future is starting to become a reality, but many companies still don’t think they’re ready for it.

Those are some of the findings in surveys released on Tuesday by the Business Performance Innovation Network and the Eclipse IoT Working Group. They reflect the views of hundreds of executives and developers from a range of industries.

More than half of the executives think their industries are already adopting IoT through either pilots or large-scale deployments, and 57 percent are at least in the planning stages themselves, BPI Network said. About 350 executives from around the world responded to the survey by BPI Network, an organization of business leaders.

The annual developer survey co-sponsored by the open-source Eclipse IoT Working Group, IEEE IoT, Agile IoT and the IoT Council, also found growing adoption along with continuing concerns.

While many have high hopes for IoT, few are on their way to full deployment. The survey found 41 percent of respondents expect IoT to have a big impact on their industries within three years, affecting things like efficiency and differentiated products and services. But only 7 percent said they have a clear vision with implementation well under way.