SQDM shares the article by Richard Hackathorn “Analytics-Of-Things Drives IoT Business Value: An Executive Perspective”.
Hackathorn says companies created a variety of IoT use cases for reducing costs, increasing efficiency, improving customer service, and exploiting innovative business opportunities. Furthermore, he compared IoT to a breeding rabbits – fun, easy and profitable! Once the infrastructure is established, the initial use case stimulates ideas and questions about product improvements and business opportunities.
IoT use cases should evolve upward through the management levels, which requires executive leadership based on a strategic vision.
At the same time, the author recommends to challenge executives to expand their business use cases IoT from multiple uses and to new offers added value services. The good news for the realization and promotion of business IoT is that technology is improving rapidly and the existing IT infrastructure can be leveraged. It is therefore important to develop creativity to introduce new innovations and willingness to accept them.
Richard Hackathorn has more than thirty years of experience in the Information Technology industry as a well-known analyst, technology innovator and international educator. He has pioneered many innovations in database management, decision support, client-server computing, database connectivity, data warehousing and business analytic.
Read the complete article here.
SQDM’s R&D Area studies practical applications of IoT in different areas and markets. Our customers can expect to soon reap the benefits of such research