A Practical Framework To Turn IoT Technology Into Operational Capability
Figure 1: Companies have many capability gaps related to IoT (Adapted from https://www.mckinsey.com/global-
themes/internet-of-things/our-insights/taking-the-pulse-of-enterprise-iot )
simulation laboratory that are connected to
a predictive maintenance model which
operates in a well-controlled and monitored
environment. It is quite another to do that
for 300 pumps with a variety of makes and
models in a harsh refinery environment
where connectivity and latency issues
impact the quality of data received from the
IoT hardware. Making IoT successful is not
just solving engineering and interoperability
challenges, but also improving the business
and its processes.
meet [Information Technology] IT project
requirements. However, they underestimate
the degree of impact that these projects will
have on their applications. But IoT business
solutions generally cannot be fully
implemented technically or fully realized
commercially until they are seamlessly
integrated
with
relevant
business
applications to help improve core business
processes.”
The Cisco survey 6 shows that organizations
are looking to use data from IoT projects to
have a real impact on their business:
Operational capabilities most often manifest
in an organization’s workflows or business
processes, as the McKinsey survey
highlights. Gartner Research 5 supports this
notion.
“Companies
typically
focus
significant attention on instrumenting their
‘things’ and choosing an IoT platform hub to
Improved