Many organization think of digital transformation as the implementation and use of cutting-edge technologies. But advancements in information technology—and the Internet of things (IoT) in particular—pose opportunities and challenges that far transcend technology. In order to seize strategic advantage with IoT, many businesses require hard fought talent and organizational shifts.
The IoT will disrupt entire industries, and organizations that are best prepared for this disruption stand to emerge as the winners. But how does an organization prepare for IoT and the broader digital transformation? The IoTTC suggests that a multi-dimensional approach will be required.
To many of us, “the Internet of Things” conjures images of your refrigerator reminding you to buy eggs next time you go grocery shopping. But in reality, the Internet of Things (IoT) is something much more than a talking appliance or other commercial applications.
People are creatures of habit. We are comfortable with what we know. It’s not laziness—it’s an evolutionary trick we’ve developed to survive as a species. New is scary and we tend to resist it, willfully or subconsciously, but this resistance can hinder progress.
What will be the catalyst for great technological, business and societal progress? Human ingenuity. We, as business and technology leaders, must think beyond the fiscal bottom line and take into account our collective human influence.
There’s a skills gap between the number of IoT job roles needed to make digitization a reality, and the number of workers in the market with those skills. Public and private organizations need to become producers and consumers of talent.