Over the past couple of years, many enterprise IoT applications have produced disappointing financial results. Several high-profile industrial IoT projects (which I will not mention here) got bogged down in implementation and were pared back substantially.

Some IoT products and solutions have done okay, but most have underperformed expectations. As of June 2019, Gartner’s highest-rated IoT Platforms — PTC, Software AG, and Hitachi — still had not risen to the ‘Leaders’ (Magic) quadrant.

What happened? Were the revenue models wrong? Or was the tech to blame? And what will happen next?

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