The Internet of Things (IoT) seems like something unavoidable, but business leaders have concerns related to privacy and security, and questionable return on investment. There is great optimism mixed with various concerns that companies have shown while research IoT solutions for their workplace.
As part of its IoT survey, Business Insider found 39 percent of business leaders have "concerns about the privacy and security aspects of the IoT," while 27 percent believe IoT has "questionable ROI." Despite these concerns, 62 percent of executives have plans to adopt IoT-based systems or have already deployed at least one IoT platform.
With billions of smart devices powered by IoT expected to invade our homes, apartments, and offices, IoT creators are trying to sort themselves out - and provide a majority-backed platform - before potential fragmentation sinks interest among consumers and business leaders.