The Economic Value of IoT - Re-Architecting your Business!




One of the lesser discussed economic values of IoT is using it as an opportunity to re-engineer your business - 'Re-Architecting It' to use one of the current buzz words.

By their nature, most business organizations that have been around for more than a couple of years become stale. Mini-empires have been formed, incremental budgeting ensures existing structures, managers want to expand rather than contract their responsibilities and 'historic' functions refuse to recognize their historic nature preferring to continue along well worn tracks. Surprising? NO! We are after all dealing with humans, human nature and established managerial and executive teams.

In order to change things 'change agents' or 'change motivators' are needed. These can be anything from new executives to disastrous quarterly results demanding immediate change. Less seldom discussed is how new technologies or technology 'influences' can be used as agents of change to cause or drive change!

Implementing and/or re-engineering your business around IoT provides an excellent opportunity to drive change and create new values in your business by restructuring your company around new IoT based products, applications and new business revenues. It also provides an opportunity to restructure all your existing business functions and organizational structures around IoT. Sounds like an opportunity!

The current article on Enterprise Architecture for IoT explains why, how and some of the opportunities IoT offers for creating new economic value for your business!


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