Recent advances in technology put Internet-of-things (IoT)-innovation on top of the management agenda across industries. IoT innovation is predicted to increase economic value by $11.1 trillion in 2025 (McKinsey 2015). The Service Science Factory and Noventum collaborated to showcase the implementation of IoT in organisations using Design Thinking.
The article describes a practical way of how organisations can quickly identify & implement opportunities provided by IoT by working in multidisciplinary teams to develop a shared vision across functions, regions and product lines. This approach helps overcome some of the key challenges faced by organisations in their queste to leverage IoT:
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