IoT may be the “latest” big thing, but that doesn’t mean it’s accepted by customers. Here are tips on building a business case for IoT projects.
The ‘Industrial Internet of Things’ involves a range of technologies from semiconductors to cloud computing and artificial intelligence. Businesses can take advantage of this technology to make their processes more efficient, and they can use the digital technology of IoT to transform their businesses and industries. The potential opportunities for IoT include customer and supplier relationships as well as internal processes.
Manufacturers are defining and prioritizing IoT projects in the same way as they would treat any new technology – “it can be done” doesn’t mean “it should be done.” The proposer needs to build a business case.