Measuring the Strategic Value of the Internet of Things for Industries

The Internet of Things creates opportunities for innovation, value chain enhancement and transformation. Identifying IoT use cases across a range of industries and measuring strategic value help CIOs identify what to pursue and avoid wasting resources on deployments with limited value 

Key Findings

■ The Internet of Things (IoT) is proliferating across all sectors, creating opportunities for those who are actively exploring opportunities, and risks for those who are passive.

■ The IoT is becoming a competitive marketplace weapon as the focus of primary benefits shifts from internal improvements (asset management, efficiency) to external improvements (customer experience, revenue generation).

■ Capturing return on investment (ROI) from the IoT is challenging due to complexities in designing and deploying solutions, and difficulties in establishing direct cause-and-effect relationships for business results.

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