“While Internet of Things (IoT) ecosystem is gaining momentum globally, a new survey has found that enterprises did not consider nearly a third of all the completed projects a success and plenty of things can be done to get more projects out of pilot.

The study, conducted by Global networking giant Cisco, shows that 60 per cent of IoT initiatives stall at the Proof of Concept (PoC) stage and only 26 per cent of companies have had an IoT initiative that they considered a complete success.

Source: Cisco: Nearly 3/4th of Internet of Things projects are failing: Cisco | The Economic Times