The Chief IoT Officer must educate corporate executives about the various ways IoT projects can be deployed, and develop their IoT strategy with the right architecture in mind.

Although the business opportunities surrounding the Internet of Things (IoT) may seem compelling, there are plenty of corporate executives who are still hesitant to capitalize on them.

Here are some the common concerns that derail enterprise IoT initiatives and what the Chief IoT Officer should do to overcome them,

Terminology

Too many people take the word ‘Internet’ in IoT literally and think the public web is the primary or even only method for deploying IoT initiatives.

The Chief IoT Officer must educate corporate executives about the various ways IoT projects can be deployed, and develop their IoT strategy with the right architecture in mind.

The Chief IoT Officer must also help the organization define the ‘things’ to be targeted in the IoT strategy and how the value of the things may be redefined as a result of the IoT initiative.

Objectives

There are an increasing assortment of use cases for IoT ranging from cost-savings initiatives to new market opportunities that can create new revenue streams. IoT can help organizations streamline their operations and redefine their business.

The Chief IoT Officer should identify various opportunities, but also set realistic objectives that can produce tangible/measurable results in a short timeframe.

The best approach is to focus on initiatives that can generate immediate cost-savings and build momentum before pursuing strategies aimed at more ambitious new market opportunities.

Teamwork

Many organizations mistakenly believe they can assign their IoT initiative to a specific department that can operate independently to achieve their objectives. IoT deployments impact every aspect of an organization from product design to customer support.

The Chief IoT Officer’s most important role is to encourage cross-functional collaboration that breaks down organizational silos and reshapes business processes.