Imagine you had to do something that was completely new and didn’t get it right and that the consequences of making mistakes would be steep.
Such is the case with the Internet of Things. Some 60% of companies are planning on deploying IoT technology in the next five years to remain competitive. Few of them, however, have experience working with the technology.
Organizations planning IoT projects don’t need to reinvent the wheel. They can find inspiration in the organizations that have already successfully navigated their way through an IoT project.
How did they do it? A closer look reveals that companies that reap the benefits of IoT have much in common, both in attitude and approach.
“The organizations that achieve the most stunning results with IoT projects exhibit several key traits, such as being forward-looking and customer-centric,” observes Dan Shey, Managing Director and Vice President at ABI Research, who developed the list from his own analysis of IoT projects.
