To manage these challenges, we believe that organizations should focus on three critical areas.
First, create a clear and compelling picture of how the IoT can tackle critical problems.
Second, put together a leadership team that has both business and technology acumen, allowing you to devise a coherent IoT strategy and navigate the organization through the changes required.
Third, drive scale by focusing on a tightly defined group of high-potential use cases, moving quickly to enterprise-wide adoption.
Using this as a guiding framework, organizations will also need strong technology competence:
- Robust analytics and development platforms to take advantage of growing volumes of structured and unstructured IoT data.
- Advanced analytics and AI capabilities that are both delivered centrally as well as “at the edge.”
- A “Security-by-design” approach that addresses cyber security threats and which follows best practices for data management and security controls.