The Five Phases of Successful IIoT Implementation
The Internet of Things (IoT) is changing the way we live. Having become ubiquitous in the consumer economy, IoT is now emerging as a force in every industry including manufacturing, energy utilities, healthcare, transportation and building technologies. This is no coincidence. The Internet of Things creates measurable value for private and public organizations alike.
The prospects are exciting. By enhancing resources with IoT, employees and organizations generate new value. Notable examples include improved air quality in cities and increased availability and reliability of rail vehicles of up to 99%.
Other IoT implementations cut non-technical power losses in half, saving $150 million for an electric utilities company in Brazil, and reduce delivery days in electronics manufacturing from 25 to less than 7, improving quality at the same time. As new business models emerge, they create new ways to capture value.
It’s tempting to jump on the bandwagon, as IoT brings exciting opportunities. But successfully leveraging the IoT for one’s own business implies finding a suitable and meaningful use case, managing a full implementation and changing processes and organizations alike – while safeguarding cybersecurity from day one. Most businesses do not have all the required capabilities in house and need partners along the way.
A full changeover to an IoT-enabled business consists of several phases ranging from developing a strategy, ideating a use case, and prototyping for a proof-of-concept to designing the solution and connecting assets, including adapting existing systems and integrating them into a bigger system. At its core, successful implementation depends on analyzing and leveraging the data that is collected from the assets and using suitable business models.
Operating and maintaining the system is an on-going activity after the technical implementation, while efficient change management and cybersecurity concepts are required from the very beginning and throughout the whole process.
For organizations embarking on the IoT journey, what’s needed most is a place to start, information, and a practical guide. This paper aims to provide all of these, including the five phases of successful IIoT implementation, challenges and concerns, client stories: IIoT in practice.
This is an excerpt from the white paper sponsored by