There’s no secret that the Internet of Things (IoT) is one of the most talked-about topics in the tech industry today. By aggregating sensors, connectivity, processing, analytics and machine learning, IoT has well transformed countless industries, creating new business opportunities for service providers in domains such as manufacturing, public safety, healthcare, connected mobility, connected home, and smart cities. Moreover, IoT innovations have also given service providers the capabilities that are required to change the way their customers live and work, while providing them with personalized experiences.
With the rapid development of IoT technology, companies are also expecting a huge impact on their future business. Nevertheless, a lot of these providers do not have a well-defined IoT strategy. While the ultimate aim of these businesses is to create value beyond connectivity, either by providing differentiating services or by becoming IoT service enablers, having a well-structured IoT strategy in place is key. Here’s a Ness video featuring Frank Gillett, VP, Principal Analyst at Forrester Research, who discusses the three scenarios that helps every organization structure their IoT strategy. In this video, Gillett clearly delineates the 3 phases of evolution for IoT strategies that every company can use to help them on their IoT journey.