Following the worldwide COVID-19 lockdowns, companies that have lost revenue will be looking for ways to innovate and save money. Internet of Things (IoT) implementations involving digital twins are proving to be helpful in reducing costs.
“How Can We Use IoT and Digital Twins to Reduce Costs After the COVID-19 Lockdown?” illustrates industry examples of how IoT can be implemented to reduce costs.
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Organizations implementing IoT are increasingly focusing on the business outcomes of the technology. IoT initiatives are no longer driven by the sole purpose of internal operational improvement. IT and business stakeholders must work together to align IoT projects with business objectives for improving revenue and customer experience, but they are bound by legacy approaches. Organizations with high levels of IoT maturity achieve higher rates of success in their IoT adoption.
Adopting IoT solutions and achieving business outcomes is complex. Organizations lacking experience in adopting IoT-based digital technologies need a well-defined IoT strategy and a set metric to measure success. IoT leaders must develop a clear understanding of the enterprise’s business objectives and the CEO’s strategic imperatives. Work closely with business stakeholders to ensure that outcomes align with strategy.
Internet of Things is among the most-hyped technologies that could reshape the way companies operate. The hype around IoT makes it an essential topic for strategy leaders seeking to stay on top of emerging trends and to navigate digital transformations. Use Gartner research and insights to create and deploy stronger action plans and detailed decisions required for IoT strategy success.
IoT solutions have moved beyond the hype to deliver real business benefits. In this latest IoT special report, learn about best practices to take advantage of new opportunities created by IoT and how you can build the business and technology foundations as securely as possible to continue to foster IoT growth and impact.
With the wide adoption use of IoT, various IoT-enabling technologies are evolving. The increasing maturity in IoT combined with other complex technologies has huge potential for transformation but also presents some challenges. This report shares key predictions to help IT leaders plan for a smooth implementation of IoT solutions.
IoT is regarded as one of the top five game-changing technologies due to its ability to create new sources of data, provide real-time performance updates and create new value propositions. This report looks at how far your peers have come with IoT, and the budget and financial requirements for new IoT adopters.
The Internet of Things is evolving into a significant component and a major contributor to digital business initiatives across organizations. This Hype Cycle outlines the key areas that enterprises should evaluate as they accelerate their IoT initiatives.
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