According to a recent study conducted by Cisco, nearly two thirds of IoT initiatives never make it past the Proof of Concept (PoC) phase. 60% of respondents attributed project failures to unforeseen issues, stressing that IoT initiatives often “look good on paper”, but prove to be more difficult than expected.
Over the last three to five years, IoT adoption rates have skyrocketed, but there are still a very limited number of organizations that possess the internal expertise and dedicated resources required to successfully deploy and maintain an IoT solution. Many companies that embark on an IoT implementation journey alone – when IoT is not something that is core to their business – are naive to the complexities and intricacies of the IoT ecosystem, and unaware of the level of resources that IoT applications demand. As a result, these organizations experience challenges such as delayed time-to-market, slowed revenue realization, budget overruns, or even complete project failures.
KORE’s suite of best-in-class services are designed to help businesses avoid these challenges and launch their IoT solutions quickly and efficiently, as well as manage and maintain their deployed solutions to ensure the highest possible ROI is achieved. With more than 15 years of proven IoT experience, KORE provides the expertise, resources, and support for simplified IoT endpoint lifecycle management.