Internet of Things

IoT and the Importance of Strategic Differentiation

This is the third part in a three-part series on IoT value drivers. Our previous post outlined Operational Effectiveness and how IoT can help optimize operational performance, risk management, and reduce product and service costs. Here we will discuss Strategic Differentiation and how IoT can provide new and exciting opportunities for companies. We will continue …

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IoT and the Importance of Operational Effectiveness

As outlined in the previous post in this three-piece series, there are 3 fundamental reasons why many IoT projects fail: Lack of a solid IoT Value proposition Underestimation of the complexity of IoT projects Organizations not ready for the impact of IoT on their employees, processes, IT systems and business models. However, we believe that …

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3 categories why IoT projects fail to live up to their promise

The Internet of Things (IoT) claims huge promise and potential in all industries.  A new update by the International Data Corporation (IDC) World Wide Internet of Things Spending Guide shows IoT spending growing 8.2% year over year to $742 billion in 2020.  The IDC expects global IoT spending will return to double-digit growth rates in …

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