IoT for Organizations: Avoiding Common Pitfalls
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Transcript of IoT for Organizations: Avoiding Common Pitfalls
Mark BensonCTO, Exosite
• 18 years of experience building embedded systems and high availability enterprise software platforms
• 44 publications on how the Internet of Things is changing the way organizations do business
• Author of The Art of Software Thermal Management for Embedded Systems. Springer (2014)
https://twitter.com/markbenson
https://www.linkedin.com/in/markbenson
http://markbenson.io
Analysts are
predicting big things• 30 billion IoT devices in service by 2020
- IDC, 2015
• 50 percent of new business products and services with IoT elements by 2020- Gartner, 2016
• $11 trillion of economic impact via IoT technologies by 2025- McKinsey, 2015
Anticipated impact on the rise
2015
23%
2016
18%
2017
17%
Low or no impact
* Source: Smart Industry 2017 State of Initiative Report
2015
32%
2016
22%
2017
14%
Neutral impact
2015
45%
2016
59%
2017
69%
High or critical impact
Digital strategies are maturing
‘15
45%
‘16
28%
‘17
19%
’15
30%
‘16
32%
‘17
33%
‘15
13%
‘16
20%
‘17
21%
‘15
12%
‘16
19%
‘17
27%
No strategy Informal strategy 1-2 year horizon 3+ year horizon
None or informal strategy Formal strategy with timeline
76%
(2015)
61%
(2016)
52%
(2017)
24%
(2015)
39%
(2016)
48%
(2017)
* Source: Smart Industry 2017 State of Initiative Report
1. Lack of executive sponsorship
2. Organizational misalignment
3. Low cross-departmental collaboration
4. Culture that is slow to adopt change
5. Inconsistent market feedback
* Benson, Mark D. “Five Avoidable Complications Of Corporate IoT Innovation Programs.” Forbes
(December 2016).
But people still present the biggest challenges
“All things are difficult before they are easy.”
- Thomas Fuller, 17th century English historian and churchman
IoT Projects are Similar to
Assembling a Complex Puzzle
REQUIRESPEOPLE
HAS LOTS OFDISCONNECTED
PIECES
DOESN’T INCLUDE
DIRECTIONS
Conscious Competence Learning Model
UNCONSCIOUS INCOMPETENCE
UNCONSCIOUS COMPETENCE
CONSCIOUS INCOMPETENCE
CONSCIOUSCOMPETENCE
Generally unaware and blissfully naive
Mastery as second nature
Acknowledgement of competency deficit
Success via concerted effort
The Trickiest Parts Are The Transitions
UNCONSCIOUS INCOMPETENCE
UNCONSCIOUS COMPETENCE
CONSCIOUS INCOMPETENCE
CONSCIOUSCOMPETENCE
Generally unaware and blissfully naive
Mastery as second nature
Acknowledgement of competency deficit
Success via concerted effort
It’s highly likely that if you have mastered a skill, you have spent time with someone who had already mastered that same skill
1. Have a baseline current IoT competence in the areas
of digital innovation, technology maturity, business
model clarity and market readiness.
Best Practices for Building an Organizational IoT Competency*
* Benson, Mark D. “Building An Organizational IoT Competency: What You Need To Know.” Forbes
(April 2017).
2. Develop and communicate a clear, compelling,
actionable IoT strategy across the organization that
includes executive support, funding from the top and a
mandate for cross-departmental collaboration.
Best Practices for Building an Organizational IoT Competency*
* Benson, Mark D. “Building An Organizational IoT Competency: What You Need To Know.” Forbes
(April 2017).
3. Start small with early wins targeted at reducing
business risk while addressing pressing questions early.
Best Practices for Building an Organizational IoT Competency*
* Benson, Mark D. “Building An Organizational IoT Competency: What You Need To Know.” Forbes
(April 2017).
4. Look for opportunities to standardize and reuse
common components across divisions and projects.
Best Practices for Building an Organizational IoT Competency*
* Benson, Mark D. “Building An Organizational IoT Competency: What You Need To Know.” Forbes
(April 2017).
5. Close the knowledge gap by building the organization
from the outside in. Start with external help and,
simultaneously, develop and grow internal core IoT
competencies over time.
Best Practices for Building an Organizational IoT Competency*
* Benson, Mark D. “Building An Organizational IoT Competency: What You Need To Know.” Forbes
(April 2017).