The Internet is expanding. And this is not just in terms of getting accessible to more people; it is expanding beyond humans. Machines are becoming connected. Machines are talking to humans, but increasingly, they are also talking to one another. And this interconnectedness of machines, or the Internet of Things (IoT), is a potential multi-trillion dollar market that organizations can now tap into.
However, do organizations realize the scale of the opportunity? Capgemini Consulting conducted an extensive survey of IoT products and services of over 100 leading companies across North America and Europe. We also spoke at length with several industry executives at companies developing IoT solutions to understand the challenges companies face. This article presents the results of the survey and highlights the key hurdles companies are facing.