Business Strategy and Innovation Framework
Opportunity evaluation develops an acceptable business case and implementation risk profile. This step considers adapting investment decisions to handle a first wave of IIoT applications, followed by a flow of second- and subsequent-generation application opportunities.
Opportunity initiation addresses the challenge of structuring internal execution capabilities in a way that allows deploying IIoT hardware, and software and service delivery specialists as effectively as possible. This stage considers takes account of the cultural implications of multidisciplinary project teams.
This overall process of transitioning from strategy and IIoT project selection to execution rests on two foundational elements: an IIoT Center of Excellence( CoE) and an IIoT platform.
Businesses will find IIoT concepts different from‘ business as usual’ activities, forcing them to make use of new pools of expertise. To do this, some enterprises may augment internal skills with IIoT partner ecosystems formed by large industrial players. Others will see value in establishing their own COE to leverage expertise across multiple applications and business units, apply consistent change-management techniques, evaluate implementation projects both internally and among competitors and implement best practices.
The second element of the implementation framework is to acquire an IIoT platform capability. This corresponds to the technical systems that provide the enabling services necessary to deliver IIoT applications. Examples of such services include connectivity management, device management and IIoT application enablement.
Not all enterprises can justify the level of commitment in dedicated personnel and investment to own their own IIoT platform. Many will share infrastructure to benefit from economies of scale. Over time, enterprises will share application-enabler resources and data with the aim of driving IIoT service innovation through economies of scope. Technology and standardization choices play a greater role in IIoT platform selection where enterprises are making strategic investments as distinct from experimental or pilot evaluations.
IIC: PUB: B01: V1.0: PB: 20161115- 11-