• by Chuck Martin , Staff Writer, January 14, 2016

Along with the massive growth of The Internet of Things can be some unintended consequences.

For example, when a smart car or a smart appliance is somehow compromised, that was never the intent of the maker of the product.

Security and privacy will be major IoT factors well into the foreseeable future and now research and advisory firm Gartner has come up with some of what they predict is coming.

As the costs of making things smart continue to drop, the impact of IoT on consumers’ lives will rapidly increase.

The most significant ROI prediction is that the majority (75%) of IoT projects will take up to twice as long as planned, with associated cost overruns.

There’s a reason to start small with the IoT and test and learn as you go. The more ambitious and complicated the project, the greater will be the schedule overruns, according to Gartner.

Perhaps worse, is that compromises will be made for some projects to keep them on schedule, leading to significant weaknesses in performance, security or integration into existing processes. Some of those IoT compromised projects will have to be recalled and redeployed.

As in any new technological wave, issues with people often arise.

Most of the people issues around the IoT will center on the normal introduction of a new technology model, according to Gartner. But that will be complicated by emerging business models that will require process and cultural changes.

The chicken-and-egg catch is that addressing both of those will lead to projects going over schedule.

These are in addition to issues involving security, which is very logically stated in most any IoT prediction.

For marketers, one of the biggest red flag predictions is that a black market exceeding $5 billion will sprout to sell fake sensor and video data, some of which can be expected to result in compromised personal information.

Everyone can expect some bumps in the IoT road.