For the last few years, countless security experts and tech experts have been referring to it as "The Internet of Shitty Things," "The Internet of Vulnerable Things," etc. because of the huge security risks associated with it and its current almost 75% failure rate.
On January 24, 2018, I wrote an article about this and included a list of where some failures have actually occurred.
You'd think an almost 75% failure rate and countless expert warnings would have been enough to stop the IoT promotion insanity. Nope. There are still efforts being made even with taxpayer dollars.
On May 4, 2018 U.S. Networking Specialist, Cisco, offered their thoughts on IoT: "Three reasons why three-quarters of IIoT projects fail, according to Cisco."
From the article:
This is an alarming statistic, especially when considered in the context of the head-spinning growth of new IoT deployments.
…just 26 per cent of companies regard their IoT initiatives as successes. Worse, a third reckon their projects were outright failures.
According to Bryan Tantzen, of Cisco, "Most IoT projects are failing, and there are three reasons for it," he says in an interview with Enterprise IoT Insights.