IoT Plays a Key Role in Helping Organizations Evaluate New and Emerging Technologies

As public and private organizations prepare for 2021, they must operate under the tenet that the rate of technological progress and innovation will only continue to accelerate. This belief is based on the continued investment and evolution of existing technologies, as well as the increasing reliance and support for an ecosystem-based innovation approach. And this rate of change of technological advancement creates a duality of opportunity and challenges for organizations looking to understand the tangible, near- and long-term impacts and benefits of this progress. For many organizations, this idea of evaluating emerging technologies and capabilities is not new. In fact, many have built and refined technological innovation and governance programs that span IT, business and marketing, engineering, and sales to do just this. And although the charter for these initiatives often focuses on performing technology evaluations and distilling strategic business insight, what is becoming more critical is finding repeatable time, cost, and organizational “fit” efficiencies.

IDC believes that, in 2021, organizations should increasingly look toward leveraging IoT-based solutions to help streamline these technology evaluation and fit initiatives. This is based on the fact that IoT has situated itself directly at the intersection of technology, business process, and vertical specificity. This focus enables organizations to easily identify sample projects that can be designed, deployed, and analyzed without extraneous effort, timelines, and/or cost. And this logic holds true for organizations looking to understand the impact of many new and emerging technology areas including 5G, mobile edge computing (MEC), AI/ML, and blockchain/distributed ledger.

Organizations Consider the Benefits of IoT Through a Cross-Functional Lens

Although many private and public organizations continue to pursue IoT technology and ecosystem strategies as part of a focused, line-of-business use case lens, this type of thinking is quickly changing. In particular, IDC sees organizations increasingly taking a step back to consider how an IoT initiative or investment can contribute to a broader, overall digital transformation strategy and KPIs. And as part of this additional up-front analysis, these organizations look for opportunities to maximize the value of IoT initiatives, including prioritizing the people and process changes needed to create universal data access for existing and future IoT data. Further, this broader, more strategic view of the benefits of IoT can help the organization with multiple goals.

To read full download the whitepaper:

Highlighting Key IoT Themes and Focus Areas for 2021

Leave a Reply

Your email address will not be published. Required fields are marked *