Will Your Organization Die at the Connected Chasm?
Since the introduction of mainframe computing in the 1950s, progressive waves of technological innovation have shaped — and reshaped — the landscape in every industry. Yet the changes precipitated by advances in mobile, internet, and PC technology will pale in comparison to today’s “connected tech” wave.
Internet of Things refers to the interconnection of physical objects (“things”) which use internet connectivity, sensors, actuators, or other embedded electronics to send and receive information.
Ride the IoT Wave, or Get Crushed By It
Look Before You Leap
Before strategy, spend time on vision; if you use the wrong lens the results can be devastating.
Crossing the Connected Chasm
Getting in the right mindset is about looking holistically at the transformational opportunities connected devices represent. Opportunities to get real time intelligence about your supply chain, your products, your sales process, even your customers themselves. Once you’ve taken the time to understand the full potential of IoT and the new ways of business enabled by the technology, your first project should take you towards that vision.
Taking the Right First Steps
If you have the right vision and the right mindset, don’t worry if the connection between the first project and the vision is not immediately obvious to an outsider.
Take SpaceX as an example. The company designs, manufactures and launches advanced rockets and spacecraft with a goal of enabling people to live on other planets. With that vision set, they evaluate smaller projects against that goal. While the media is talking about a Tesla getting launched into space on the Falcon Heavy rocket, SpaceX is thinking about how a rocket capable of carrying a large payload can be used to ship supplies over long distances (like to Mars.) While Chicago hires The Boring Company to build a high speed train to O’Hare International Airport, Elon Musk learns how to construct a large network of tunnels so colonists can live underground (on another planet.)
Companies seeking revenue growth and larger markets die if they can’t “cross the chasm.”
Whatever your vision, this is no longer the time to weigh options and analyze. The pace of change and IoT adoption is accelerating. This is the time to set your vision, get in the right mindset, and take the right first step.
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