To begin, organizations need a strategy to focus on foundational IoT capabilities as part of their technology operating model. They must fortify the infrastructure to prepare for an influx of data, new security threats and even more complex privacy concerns. Adopting a well-thought-out organizational model, funding plan and talent strategy is important for success. This work must be done in parallel with choosing appropriate tools and aligning with overall enterprise architecture (EA).
In the long term, organizations will want to prepare for emerging and disruptive capabilities that both challenge and augment the development and evolution of IoT solutions. The emerging capabilities may require organizations to reengineer their IoT solutions.
So, what’s next for your organization’s IoT strategy?
Special thanks to the co-authors for their contributions to the article: Mike Ray (Executive Director, Ernst & Young LLP), Dmitriy Afanasyev (Senior Manager, Ernst & Young LLP), Rishikesh C. Muchhala (Manager, Ernst & Young LLP), Stephanie Danis (Manager, Ernst & Young LLP), Theo Pu (Senior, Ernst & Young LLP) and Harshad D. Kulkarni (Senior, Ernst & Young LLP).