Why isn’t IoT the Ubiquitous Technology we Anticipated?

Why isn’t IoT the Ubiquitous Technology we Anticipated?

Why isn’t IoT the ubiquitous technology we once expected to see? When the late 2000s gave rise to IoT, it came with the hope and promise of revolutionising industry by connecting literally everything to the internet, giving customers a personalised experience and giving businesses a deep understanding of their product usage and customer behaviour.

However, fast forward ten years and we really haven’t seen the progress we were promised, and the uptake isn’t as ubiquitous as we had originally anticipated. Wearables, specifically watches, have gained traction, Industry 4.0 is promising, but the other areas haven’t kept pace.