Adopting IoT technology is a significant, company-wide undertaking. It requires a large dedication of resources and budget across multiple departments. Rightfully, the C-level has expectations for their investments. But before you can get to the payoff, there is an inordinate amount of decisions to be made and changes to endure. Not the least of which will be to learn new technology, establish new processes and define new job descriptions.
But, because the result is so valuable to an organization’s bottom line – for example, greater yields of manufactured goods, extended life of decade’s old equipment, and more – tech leaders often compare the adoption of IoT technology to the early days of computers in business.