Founder - Market Traction International Ltd / Talkingiot.io / GenAI Nerds / AI Process Consultant / Seed Investor
Breaking The IoT Failure Cycle: The Unification Imperative Why Do IoT Projects Fail? https://lnkd.in/eahnvJCv ➡️ Share This Post: In the realm of the Industrial Internet of Things (IIoT), there's a glaring paradox: While the potential for efficiency and productivity is immense, a high rate of project failure persists. The culprit? Market fragmentation. 🔍 Understanding the Failure Cycle: The market is cluttered with providers offering single IoT technologies, assuming a “one size fits all” approach, which rarely meets diverse needs. Each wireless technology brings its pros and cons, making it a challenge to match them perfectly with specific use cases. 💡 The Path to Success: Embracing standardization, collaboration, and unification is crucial. Moving beyond siloed behaviour, we must consider future needs and scalability in IoT solutions. 🌐 Real-Life Lessons: Case studies show the pitfalls of misaligned technology choices and the advantages of unified, adaptable solutions. 🚀 The Way Forward: A unified protocol approach, possibly leveraging IP-based protocols, can enhance interoperability, security, and scalability. The challenge lies in overcoming market fragmentation and the continuous evolution of technology. Join the conversation as we explore why a unified approach in IoT is not just beneficial but essential for success in a fragmented market. Let's navigate the complexities together and unlock the true potential of IIoT. 🌟 What are your thoughts on IoT unification? Share below! #iot #iiot #techinnovation #digitaltransformation #industry40 #smarttechnology #talkingiot #futureoftech