How to leverage the power of the Internet of Things
This technology promise to increased productivity, greater efficiencies, newly tapped data streams and immediate cost savings via IoT implementations are compelling. And while these benefits are certainly intriguing, actually accomplishing them presents a legitimate challenge for many organizations. The reason for this is an Internet of Things strategy requires not only the incorporation of new technologies but also a new mindset about business processes and collaboration.
In order for the IoT to firmly entrench itself as a pervasive force in the business world, it is important that enterprises establish a strong internal IoT business culture.
Leaders need to understand that by embracing change and inspiring innovation, that progress is made. Culturally, they need to encourage and empower all employees to be creative, to take calculated risks and have no fear of failure. This is critical since successful innovation always requires quick starts, stops and redirects