Welcome to the second installment in my series on how organizations can get started on the road to success with their Internet of Things (IoT) projects. In the first part of my series based on “Building the Internet of Things – a Project Workbook,” I explained how to identify your IoT vision and path to value. The next steps include planning, deployment and measuring your success. Let’s get started.
Benchmark your organization against industry peers
The first step is to determine how your organization stacks up to its industry peers. Benchmarking will help establish metrics you can use to validate your project, secure funding, evaluate your team and promote success after the project is complete. It also helps establish a baseline, allowing you to see where you stand at the beginning of the project, so you can measure how far you’ve come at the end. You can use the benchmarking method of your choice, but I encourage you to evaluate the following areas: