View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 4, 2015

Internet of Things lacks leadership skills

Research also finds that organisations don't yet have a good understanding of the potential impact of the IoT.

By

An increasing number of organisations are lacking in necessary leadership skills and understanding to drive growth opportunities from the Internet of Things (IoT), according to research.

The latest Gartner survey found that more than 40% of IT and business leaders worldwide expect the IoT to reduce costs and drive revenue growth during the next three years, rising to 60% in five years.

Another 25% of those surveyed have created business leadership strategies for the IoT, either in the form of a single organisational unit or multiple business units taking ownership of separate IoT efforts.

"The survey confirmed that the IoT is very immature, and many organisations have only just started experimenting with it," said Nick Jones, Gartner’s VP and distinguished analyst.

"Only a small minority have deployed solutions in a production environment. However, the falling costs of networking and processing mean that there are few economic inhibitors to adding sensing and communications to products costing as little as a few tens of dollars."

The research also found that many respondents felt that the senior levels of their organisations don’t yet have a good understanding of the potential impact of the IoT.

For example, board members’ understanding of the IoT was rated as particularly weak in government, education, banking and insurance, while their understanding of the communications and services industries was above-average.

Content from our partners
European Technology Leadership: Deutsche Bank CTO Gordon Mackechnie
Print’s role in driving the environmental agenda
What finance leaders get wrong about digital transformation

Steve Kleynhans, Gartner’s research VP, said: "Organisations need executives and staff to understand the potential of the IoT if they’re going to invest in it."

"While a single leader for the IoT is not essential, leadership and vision are important, even in the form of several leaders from different business units. We expect that over the next three years, more organisations will establish clear leadership, and more will recognise the value of some form of an IoT centre of excellence because of the need to master a wide range of new technologies and skills."

 

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU