IIC Journal of Innovation 7th Edition | Page 35

A Practical Framework to Turn IoT Technology Into Operational Capability   realized. Many of them have a technical background, but they are not IT system developers or automation experts. Improved or new customer interactions: 44% Reduced maintenance or downtime: 42% IT stakeholders, in turn, understands the business systems and applications that support the business operations. IT provides support services to the business such as cloud, network infrastructure, databases and business applications. IT management is primarily concerned with risk, governance and business support. A more important insight from the survey is the difference in perception of IT and business on the success of IoT projects. 35% of IT executives consider their IoT projects successful, while business executives only regard 15% of IoT projects to be successful. The survey also showed that IT executives placed more importance on technologies, organizational culture, expertise and vendors. Business executives on the other hand placed more emphasis on strategy, business cases, processes and milestones. OT, on the other hand, uses similar infrastructure as IT but understands the operational technology, automation and “things.” OT focuses on Machine to Machine (M2M) and Machine to Infrastructure (M2I) connectivity, control systems, Supervisory control and data acquisition (SCADA) and Programmable Logic Controllers (PLCs). OT management is concerned with automation, security, latency and operational optimization. This chasm between IT and business is often the main reason for projects not moving beyond engineering PoCs, as the Cisco survey data shows. It is the reason why IoT fails to deliver the anticipated impact and improved operational capabilities. Many of the estimated 450 7 new IoT platforms aim to cover the convergence of OT and IT technology but do not address the needs of business to integrate these IoT solutions into existing business processes or workflows. Industrial IoT projects most often include an additional Operational Technology (OT) group and all three stakeholder groups need to work together to achieve the business objectives described above. Business stakeholders are often subject matter experts (SMEs) with a technical background. These are often Operations Managers, Maintenance and Operations Engineers, Production Managers and Asset Managers. These SMEs understand the business problem they want/need to solve. They know the use cases and where the ROI (return on investment) is most likely to be 7 These different perspectives all need to be addressed to deliver a successful IoT project that provides value beyond a PoC. The business processes that support the requirements of all three stakeholders needs extensible integration and interoperability to cater to the combined complexity of https://www.iothub.com.au/news/the-number-of-iot-platforms-jumps-to-450-467554 - 34 - March 2018