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Whenever a new technology comes into existence, it brings with itself a plethora of promise and excitement, with companies jumping right on the wagon to kick off pilot projects for the same. However, in a recent survey done by US tech giant Cisco, it was revealed almost 75 per cent of these projects end up failing (Read Here).

In order to address this early failure rate in enterprise Internet of Things (IoT) deployments, Cisco has announced a new Cisco IoT Operations Platform that will be offering tools and features to improve their success. According to a blogpost published by Cisco recently, the platform will be addressing connection management, Fog Computing, device control, and data delivery, and will come integrated with Cisco security.

Announced at the recent held IoT World Forum event in London, the Cisco IoT Operations Platform is expected to be available later this year.

According to Cisco, there are three main components to the new platform:

1) Connection Management at Scale: With the new platform, Cisco plans to manage the huge numbers of IoT devices that are coming online today. Since the company is considered a leader in connection management, and is already working with some of the biggest names in the industry, Cisco is most likely to deliver this without any glitch. The new tools will allow the users to maintain huge fleets of connected devices from unified applications.

2) Fog Computing: Cisco gave birth to Fog Computing years ago. Since then, it has been slogging on bringing computing closer to the action, to put data to work for businesses where it can have the biggest impact. With Fog Computing, the Cisco IoT Operations Platform plans to ensures that data processing and device control takes place at the right place for each job, especially as the needs of jobs changes in real-time.

3) Data Delivery: According to Cisco, once the platform is successfully able to provide their customers with a full control of their networks of devices, it is then going to help them collect, collate, and act on the data being generated by the systems. The platform’s scalable tools for filtering and distribution will work towards ensuring that right data streams end up going to the right networks, data stores, applications and people.

Cisco is building the three components upon a strong foundation of security through Cisco’s Threat Defense solution. In order to come up with the platform, Cisco extensively looked at how it could better integrate the communications between machines and humans into environments.

According to Cisco, with the current tools, there isn’t enough technical talent in the industry to take most of the IoT projects from prototype to production stage. The tech giant also states that a majority of its customer have informed them that without new and improved tools that address these business issues, projects will continue to fail. Hence, Cisco decided to come up with a coherent set of tools in the Cisco IoT Operations Platform.

What is encouraging is the fact that even with a high 75 per cent failure rate, firms are still interested in investing their time and money in IoT projects. According to 64 per cent of the companies surveyed by Cisco, the lessons that they have learned from their stalled or failed IoT initiatives have in fact helped them in accelerating their organisation’s investment in IoT.

The global installed base of IoT endpoints is expected to grow from 14.9 billion at the end of 2016 to more than a whopping 82 billion by the year 2025, according to statistics made available by International Data Corporation (IDC).

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