7 steps to uncover the potential of IoT

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: 

  • How to get started by creating alignment across a decentralised organisation, 
  • How to distinguish hype from real potential by focussing on customer value, and
  • How to gain executive level commitment and support 

Click below to download the full article and learn more about the 7 steps to uncover the potential of IoT. 

Download the full article

Is ‘work harder and cut costs’ the only option?