But, according to a report from heavyweight analyst Frost & Sullivan (F&S), the move to standardise the IoT is taking shape.
It said a number of standardisation bodies in Europe and the US are working towards standard privacy policies and how devices will work together.
F&S said a committee has been formed by the European Telecommunications Standard Institute to work on machine to machine privacy standardisation.
And the Open Automative Alliance is a group of car companies and tech partners working worldwide to create a standard Android platform so that cars and mobiles will work together.
Analyst Svapnadeep Nayak said IoT needs an open architecture and worries enterprises worry because they want to maintain the integrity of their data.
Kayak thinks that by using a common cloud infrastructure with one application programming interface (API) for all sectors, IoT will bring down the costs of deployment and improve the efficiency of data streaming from gadgets and devices everywhere.