Thank you for your perspective. I totally agree with the (underestimated) complexity of IoT.

While technology is only one aspect, and in my opinion the least relevant one, the biggest hurdles for a successful IoT business transformation is first, the culture and mindset, and second, finding sustainable business cases.

Eventually, this report could be of interest for you https://www.genevaassociation.org/sites/default/files/research-topics-document-type/pdf_public/iot_insurance_research_report.pdf

Even though it focuses on one specific industry, many of the statements could be generalized to other industries according to the feedback received.