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Your boss wants to start an IoT project—what next?
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Scooped by Judy Curtis / SIPR |
Scoop.it!
Judy Curtis / SIPR's insight:
So how does a management team decide what it wants from the IoT?
For Stacey Higginbotham, writing in IEEE Spectrum, there are two paths here. The first is to start small with a project that can offer a short-term return on investment (ROI). In a factory, this could mean installing cameras and sensors on a manufacturing line to replace human spot-checkers.
The second path is a bit more visionary: Build a platform or product that can change your entire business model. For example, in 2015 Emerson Climate Technologies launched a new connected product in its HVAC business. With US $100 worth of sensors per home, the HVAC installer and Emerson could guarantee a period of time that a customer’s heating or cooling system would operate before needing repairs.
So how does a management team decide what it wants from the IoT?
For Stacey Higginbotham, writing in IEEE Spectrum, there are two paths here. The first is to start small with a project that can offer a short-term return on investment (ROI). In a factory, this could mean installing cameras and sensors on a manufacturing line to replace human spot-checkers.
The second path is a bit more visionary: Build a platform or product that can change your entire business model. For example, in 2015 Emerson Climate Technologies launched a new connected product in its HVAC business. With US $100 worth of sensors per home, the HVAC installer and Emerson could guarantee a period of time that a customer’s heating or cooling system would operate before needing repairs.