IIC Business Strategy and Solution Lifecycle
2.1.2
IIOT SOLUTION LIFECYCLE
BSSL WG aims to support the entire IIoT Business Solution Lifecycle with a set of methodologies
and best practices. The three main phases of the lifecycle of an IIoT business solution are defined
as Idea2Funding, Plan/Build/Run and Validation & Improvements (see Figure 7).
Idea2Funding
The Idea2Funding phase of an IIoT project is supported by the IIoT Business Model Builder
[BSI15], which defines the following sub-phases:
Phase 1: Definition of Strategic Embedding and Value Proposition of the new IIoT Business
Solution
Phase 2: Describes the solution from the User Perspective, e.g., leveraging UX elements
like Customer Journey Map (which details all experiences that a customer goes through
when interacting with a company and brand).
Phase 3: Defines the value added elements which are introduced specifically through the
IIoT, including connected assets, value adding information, and IIoT services
Phase 4: Focuses on the Business Case and ROI model, combining traditional elements
with IIoT-specific aspects like service subscription models, etc.
Figure 7: IIoT Business Model Builder [BSI15]
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December 2015