Interoperability is the devil

40% of the total economic value of the Industrial IoT will remain locked

In any interconnected system, all of its component devices must be able to communicate with each other—to speak in the same language, even if these devices work in very different fields. A lack of common software interfaces, standard data formats, and common connectivity protocols are complicating things in IoT-land. For industries, this means that 40% of the total economic value of the Industrial IoT will remain locked because different systems cannot work together.

Source: Madison.tech

Standardization creates interoperability

The lack of standardization creates interoperability issues, which can lead to compatibility problems and limited functionality.

For example, if two IoT devices cannot communicate with each other because they use different protocols or data formats, they cannot work together to achieve a common goal.

Source: LinkedIn