The Internet of Things (IoT) upheaval: overcoming management challenges

Products based on the Internet of Things (IoT) concept use a combination of physical devices embedded with sensors, other electronic hardware, software and the Internet to utilize meaningful data. Recently there has been a boom in IoT projects, but many of these projects are failing. One of the major reasons for this failure is a lack of specific project management methodologies that appropriately deal with the complexity and interdisciplinary nature of IoT projects. This article looks at the existing literature to find business, management and technical issues with these projects. In order to find solutions to these issues, various IoT stakeholders were surveyed and asked about which tools, processes and management strategies they find most useful. Ultimately, the goal of this article is to provide detailed knowledge about the existing IoT management philosophies, tools and their challenges, pros and cons, and how to scale these to improve the success rate of such projects.