Three Signs your Organization is Underprepared for the IoT wave, and 3 Ways to Fix It.
Chances are, your company has already begun incorporating connected IoT devices. The deployment of IoT devices is expected to experience a 23% annual growth rate over the next five years, and international research firm Gartner predicts that by 2020, there will be 25 billion smart devices in our marketplace. The IoT has been causing such a stir in fact, Siemens has described it as a fourth Industrial Revolution.
As organizations adopt an increasing number of IoT-connected applications, services, and endpoints, additional complexity will be introduced into the cost structure. Much like what we’ve seen with the wireless industry, more options will become available for our use of IoT-connected tools, influencing service provider contracts. As the fleet of IoT items increases, inventory management, procurement, approval processes, and warranties will need to be managed from a holistic standpoint to ensure that budget, security, and efficiency are not compromised. When IoT devices have wireless SIMs with the associated ongoing subscription, the problem is compounded.
In our experience, organizations with poor IoT change control share three traits in common:
Manual Procedures Drag Down Productivity How does your organization manage change control on IoT devices? If you’re like many organizations, chances are you’re carrying out change management manually, making it difficult to accurately identify areas for improvement and challenges.
Your IoT Program is Undermined by Errors We’re only human, and errors are inherent in most operations. But if your organization is not prepared to handle an IoT fleet holistically, frequent oversights, long wait times, and inefficiencies will affect employee perception of the IoT program, leading to sub-optimal outcomes.
Reconciliation and Subscription Management Challenges When you add a new IoT tool to your fleet, how do you manage the ongoing maintenance and subscription? Who keeps track of billing to ensure that you’re maximizing the value of your contract? Growing your IoT program will be difficult to justify to management if the current fleet is experiencing poor ROI.
Does any of this sound familiar?
If you’ve answered yes, you’ll want to consider implementing the following three changes to ensure your IoT success:
Train, Train, Train Effective IoT management begins with training your team. Make sure that your team is aware of internal processes, new software, and industry education.
Police your Policies Does your team follow the protocol for returning devices? Does your organization have a wireless device lifespan policy? If employees understand that their devices are expected to last three or four years, they’re more likely to take better care. Great policies and processes increase the likelihood of your program’s success.
Optimize Gaining a holistic view of the activity of your IoT fleet as a whole can reveal trends and challenges that can be utilized in streamlining your program. Having a centralized view from a single platform makes the optimization process far easier than skimming through disparate excel spreadsheets.
No matter how you choose to manage your IoT fleet, make sure you plan for room to grow your holdings, and have the resources to embrace the fourth industrial revolution and grow your IoT ROI.
If the thought of manually managing devices, change management, bills, and lifecycles sounds complicated, take a look at our platform.
Simplify Wireless is an SaaS-based wireless operations platform that provides fully automated workflow processes that drive down IoT costs. Enterprise and government customers are saving millions of dollars by using our platform as a unified service where all wireless operations and management takes place.
Book a no-obligation consultation, and walk away with a new plan to take advantage of your IoT fleet and build robust ROI.
 The Globe and Mail, “8 Ways the Internet of Things will Change the Way We Live and Work”, https://www.theglobeandmail.com/report-on-business/rob-magazine/the-future-is-smart/article24586994/