Are you considering the Internet of Things? Do you subscribe to the promise of 26B (Gartner) to 50B (Cisco) devices connected to the Internet by 2020? Have you thought about the Optimisation of Assets, the Differentiation of your Services, or the way you can Engage with Customers using IoT?
Despite the current hype, well over 99% of devices are still not connected to the Internet. Organisations are yet to reap any material return on IoT investments to date. Very much like Cloud computing was 6 or so years ago.
1. Robust and Transparent Partnerships
Unlike Cloud, Mobile, Analytics, or Social technologies there is no one vendor in the marketplace that provides everything from ‘Devices to Insight.’ So it is key to have strong partnership governance, and understand how technologies from different vendors integrate.
This is important not only for the vendors, but also on the buy side of the equation. IoT solutions transcend single buyers, and in some cases, vertical industries.
Consider a smart building, the architects, builders, developers, utilities, councils, and consumers all have a stake in the solution. Data needs to be protected, yet is the primary asset for sharing.
Getting a complete, transparent partnership model in place for all vendor and purchasor stakeholders is a strong predictor of success.
2. Agile Delivery Model
The scale of a typical IoT solution is too great, interdependencies too complex, and outcomes simply unknown for legacy delivery models to work.
Companies that begin small, then iterate rapidly in an agile manner, achieve quick wins that are critical to ongoing sponsorship. By the time you have gathered all of the requirements for a smart lighting project, the technology and business landscape will have changed.
Importantly, the Agile Delivery Model is key throughout the organisation, procurement, governance, security, recruitment etc. Not just for the IT development teams.
Indeed the funding model for a city or nationwide implementation is often derived from savings gained in the iterative nature of implementation.
3. Strong Analytics and Data Management
An outcome from any IoT deployment is unprecedented deluges of data. Companies that can scale data capacity accordingly, with defined tools and processes to analyse the data, lead the way with IoT implementations.
Typically these organisations have well run Cloud architectures, and the steps in place to transform to a Data Driven enterprise.
A hospital that can’t analyse current patient records, or co-ordinate a Discharge Summary, is in no place to cope with the tsunami of data that connecting every medical device within the hospital produces.
4. Mature Asset Management
One of the consequences of the ‘Post-PC’ era, the consumerisation of computing is a proliferation of assets throughout the enterprise. BYOD further complicates this with various ownership models: Corporate owned and controlled, corporate partly owned, individually owned and corporate secured, etc.
Organisations that don’t have a handle on the HW and SW assets connecting to and operating within their enterprise can not begin to appreciate the complexity of managing an IoT Asset Lifecycle.
5. Robust IT Security
The emergent nature of value and risk in an IoT implementation brings an evolving set of IT security challenges. From cars vulnerable to hacks over the air, to Nuclear Power Stations attacked by state based organisations. Even the meta-data, i.e. Data about a device that can be used to infer other information. E.g. Your garage door opening and closing correlated with Social Media information inferring whether you’re at home or not.
Organisations that have performing IT security functions, that evolve with the business and technology advances over time, are most likely to progress with successful IoT implementations.
Clear Roadmap to Success
The promise of IoT is great, but there are clear indicators of success evidenced in the maturity of organisations wishing to adopt these solutions.
There is also a race condition, where start-ups, unencumbered by legacy architectures can implement solutions quicker than enterprises can restructure. The best thing organisations can do to maintain competitiveness and benefit from the opportunities of IoT, is to appoint an executive tasked with leading the IoT function; continue with Digital Transformation to achieve maturity in the areas above; and begin with small scale PoC’s and Pilot implementations.
If you are considering IoT and would like to discuss this further, run an education session, or envision a strategy, please contact me.