It depends.
If your network is in any way wireless, then people can pretty trivially get access to the bits that way. Modern wireless setups will still obscure things, but older wireless protocols are notoriously easy to decrypt. And of course a modern setup today is an outdated setup after a few years of neglect.
If your server does public things, like say... tell clients what the temperature is in the building, then maybe it doesn't need to be secured. People aren't going to break into your network to get information they could get way easier by just feeling the air around them.
But if your clients are... refrigerators or something that react based on the temperature in the building, then unsecuring the server could let attackers tell your refrigerators that it's already freezing cold! No need to chill that food!
All in all, there are a few isolated cases where security provides no benefit but a lot of cases where it would be good. Basic encryption is easy to set up these days and can stop a lot of casual external problems.
Though you should be aware that statistically, the most likely source of attack is from the staff either due to accident, misuse, social engineering, or internal malevolence.