IDG Contributor Network: Keys to getting ROI on your IoT investments in the first year

IDG Contributor Network: Keys to getting ROI on your IoT investments in the first year

Businesses of all kinds are embarking on IoT initiatives. And no matter the business type or scale of project, stakeholders always have one burning question: “How soon until we start seeing some ROI?” For businesses that have a concrete plan in place for measuring ROI, the answer is typically within the first year. That’s because companies that take the time to make these plans have the clearest objectives, which make them easier to attain and in a faster amount of time. The ROI planning process is essentially the same for a company just starting out and for one that is having trouble finding profitability from IoT investments and needs to revisit their approach.

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