Step 1 – Build an IoT Organizational Competency
It is common knowledge that the road to IoT greatness comes with a host of speed-bumps and rough obstacles. Theories abounds on how to make it happen, however, on the practical side of things, there is no IoT starters pack for beginners. Determining the right path to IoT products roll-out is akin to finding a needle in a haystack.
Uncertain profitability, high risk, potential failure to launch, guaranteed client churn, lack of expertise, exorbitant cost of infrastructure, lengthy time-to-market and a jarring selection of technologies are many of the negatives that corporate executives consider when faced with the decision to go or not to ro the IoT route.
On the other hand, competitiveness and long term sustainability and the need to stay relevant in a volatile marketplace force manufacturing leaders to take the leap…into unfamiliar territories.
When asked about the smartest way to launch an IoT product development plan or an enterprise-wide IoT implementation, experts and specialist responses varies. The general consensus is that customisation is the name of the game as no companies are equal and neither have the same resources, asset or level of digital maturity.
Implementation specialists believe that a smart IoT overhaul starts by building a flexible organizational IoT competency.
In this scenario, corporate leadership starts by asking 5 simple questions:
- Why IoT?
- Why does it matter?
- Who cares?
- How to do it?
- When to start?
For companies who believe that IoT is the key strategy for growth, the next steps involve the implementation of a company-wide initiative with multiple touch-points that the organization should adopt.
These carefully thought-out steps include:
- Establishing lean processes
- Creating realistic business models
- Upgrading security standards
- Designing user interface guidelines
- Developing value-based partnership
- Building a scalable enterprise technology platform
- Keeping the IoT momentum up
- Demonstrating market success archetypes for future IoT deployments
IoT Competency and capability building can derive from a top-down or a bottom-up approach driven by a definite objective: achieving digital transformation.
Prior to going all in, experts advise organizations to proceed with a thorough examination of their infrastructure, assets, capabilities and resources. This due diligence provides a deep understanding of the company’s status and give a clear answer to a make-or-break question: what is your digital maturity level? The digital diagnosis helps decide which direction to heed next.
Next chapter in this IoT Starter Pack by Copperberg > Assessing your digital maturity