Business Strategy and Innovation Framework
6 INDUSTRIAL IOT FOUNDATIONAL CAPABILITIES
The process of business model innovation relies on investing in capabilities across multiple initiatives with synergy effects.
The two foundational blocks are an IIoT Center of Excellence( CoE) and an IIoT platform.
6.1 INDUSTRIAL IOT CENTER OF EXCELLENCE
While not strictly required to launch IIoT projects on an individual scale, many enterprises will find it beneficial to develop an IIoT Center of Excellence( CoE). The goal is to create and govern a unified IIoT strategy within the organization and to ensure that knowledge of best practices can be effectively shared and leveraged across the entire organization. The scope of this CoE can encompass a wide range of activities, including:
� identifying and applying IIoT best practices, � enabling change management, � re-thinking business models, � managing human resources, � IIoT maturity assessment and � IIoT governance.
6.1.1 IDENTIFYING AND APPLYING IIOT BEST PRACTICES
Given that IIoT concepts are sufficiently new and different from‘ business as usual,’ enterprises may find it beneficial to implement or expand initiatives to track IIoT best practices. This should be configured as an internal CoE staffed with experts who‘ live and breathe’ IIoT concepts and are capable of guiding their peers in the wider enterprise. Typical functions could include:
Support: A CoE should support business lines in realizing opportunities through the provision of IIoT-specific consulting services. These services may include business case creation, project setup and IIoT project execution coaching.
Guidance: An CoE should help define the range of standards, methodologies, tools, and knowledge repositories required to support an enterprise’ s overall corporate strategy. A number of these elements will be highly vertical-specific; some of the more horizontal aspects could be standardized.
Shared learning: Training, certifications, skill assessments, team building and the formalization of roles are all established methods that can be applied to the development of IoT capabilities.
Measurements: An CoE should create IIoT-specific metrics and maturity models that help make the progress of the enterprise’ s transformation more transparent.
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