The importance of the proof of concept when planning an IoT smart city initiative
As part of Information Age's Smart City Month, Nick Sacke - head of IoT and products at Comms365 - looks at the importance of a proof of concept in deploying an IoT smart city initiative
Analysts are predicting huge things for IoT, with statistics from IDC forecasting that by 2020, the marketplace will be worth more than $475 billion. This is in part fuelled by the continued adoption and business applicability of the technology, demonstrating how the business case for IoT has rapidly grown in recent years.
However, in contrast to this, research from Cisco has found that 60% of IoT initiatives stall at the proof of concept (PoC) stage, with only 26% of businesses considering their IoT initiative to be a complete success.
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