Introducing a new connected network of sensors and devices to enhance the customer experience and automate business processes is creating new opportunities and risks. IT managers are facing a computing world turned upside down due to the decentralisation of information inputs and control.
Here are some new twists to conventional wisdom that can enable a smooth transition to and monetization of IoT.
Until the benefits of IoT are well understood, it might be more prudent to have only a few collaborators involved instead of trying to educate, evangelise, and integrate the input from several high-level managers.
Using third-generation development tools combined with Agile or Agile SCRUM development techniques can enable rapid prototyping. Allow stakeholders to provide input all along the process so that the project can be modified quickly to reflect the realities of new IoT applications.
IoT offers the chance for South African enterprises to deliver new applications that improve product delivery and customer service, and increase sales opportunities but these new applications will also bring new challenges and expectations.
While some of the best project management strategies for IoT monetization may be considered mistakes under normal circumstances, new innovations like IoT require creative project management strategies to help realise the full opportunity with an acceptable level of risk.