FRESH DATA: 6 Most Promising Areas of IoT Amid the Waste – RTInsights
The manufacturing sector, the biggest IoT spender, is projected to invest $189 billion this year alone. IoT investment in transportation, utilities and cross-industry applications also continue apace, though three-quarters of IoT projects currently fail.
“IoT has the potential to unleash new economic opportunity and dramatically improve the quality of life of billions of people, but this future is far from guaranteed,” said Jeff Merritt, Head of IoT and Connected Devices at the World Economic Forum. “Without a more strategic focus and roadmap, we risk squandering trillions of dollars in public- and private-sector investment in the years ahead.”