5 Elements Of A Successful IIoT Project Development
The Industrial Internet of Things (IIoT) speeds up with another impact than consumer internet growth, as it is more complex and diverse, but as well promising in terms of return-on-investment from new business models. To jump on the bandwagon and initiate an incremental start of an Industrial IoT project within a company, global IT vendor Cisco has identified und recommends the following five steps for IIoT project development, based on different, precise experiences with clients.
A cross-functional team from information technology (IT) and operations technology (OT), IT security, production, logistics and finance would be be an ideal mixture to kick a project from the sketch to realization. Process efficiencies from the combination of operational and business data come from connecting things and starting the data flowing.
Project success often depends on working with partners to integrate the legacy systems to new ones – especially partners for vertical integration are essential. Many projects base upon burden of the past deployments with legacy infrastructure so the need for complete integration is mandatory.
As digitization including IIoT projects means change, the sponsorship of C-level (board) management will ensure the overcome of resistance and advancement of results. In combination with the entire team, projects will succeed earlier because results convince naysayers – from top to operations – to support more comprehensive expansions of the proceeding.
IIoT projects differ from traditional IT organization in a certain way: More complex, longer-term time horizons, even connecting new business areas than usual. On the other hand, patient action may lead from initial periods without or just small revenues over a long term to experiences for completing fields and take profits.
5. Business integration
An IIoT project should be appreciated by and embedded in the business area of operations. Research may be a component, but not a key factor or base.
From proof of concept to production implementation
With this progression of approach, within an extended timeline for the market growth than predicted by industry analysts, companies will be able to make an allowance to the sector – the larger the company and the more patient its approach will be, the better.
After IoT implementations already focused on improving existing processes to increase efficiencies, now the IoT market is at a new starting point. Industries now seek new IoT-enabled business models, such as with new revenues and profits, like mass customization and personalization and service-oriented business models.