It’s great fun imagining the possibilities that the Internet of Things (IoT) will enable in the future. But for business, the time to get serious about implementation is now.
But what may not be immediately apparent in looking ahead, is the transformative power of IoT that will affect all businesses, regardless of their industry. With that in mind, here are ten things organisations should know when deciding whether IoT is right for them.
The business case for implementing IoT projects in organisations is almost undeniable. The more data a company has access to, when coupled with the ability to gain insight from it, the better their decision making can be. But simply setting up sensors on every available surface will not lead to success.
IoT projects are complex and need to be tackled with the gravitas any transformation effort deserves. When approached intelligently, however, business has a much greater chance at enjoying the benefits such change can bring. This means starting with the desired outcome or problem to solve and working backward to the technology, not getting caught up in the buzz of new tech.
That’s not to suggest that the road to implementation will be completely smooth but is likely be scattered with failed hypotheses that businesses can learn from. By keeping in mind the challenges and clearing a line of sight through the forest of potential confusion, organisations can realise new capabilities and ways of doing business, and be empowered through information and insights that the data from your connected things will bring.
Does your business have the right people and possibility to safely unlock this potential, and are you ready? Take my hand, second star to the right, and all the way ‘til morning!
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