The Georgia Institute of Technology’s Center for the Development and Application of Internet of Things Technologies (CDAIT) recently announced the release of a new white paper that offers some pathways for business leaders as they explore digital transformation and the Internet of Things (IoT).
The study reportedly gives context for IoT and Digital Business Transformation (DBT) relative to ongoing digital change bounded on one hand by the basic digitalization of information and processes and, on the other, the broader digital societal transformation that will enable a connected and digitally engaged society.
“The paper focuses on the business reinvention, opportunities and impacts brought about by pervasive digital change (across people, process, technology & environment) for which IoT technologies play a key role. It also explores some of the key DBT challenges, especially around IoT implementation and scale, and suggests frameworks for improving the approach to and efficacy of DBT programs and their IoT elements,” said Michelle Mindala-Freeman, former VP, Telecommunications, Media and Technology Practice, Capgemini, CDAIT Visiting Scholar and incoming Chair, CDAIT IoT Thought Leadership Working Group.
Supported by CDAIT research and members’ experience, the white paper underscores three foundational components related to digital transformation and IoT:
- IoT projects must be defined, designed and delivered as part of a comprehensive DBT agenda and approach. The DIGIT framework outlined in the paper identifies the building blocks that are mission-critical to success, starting with setting and communicating a clear digital strategy.
- The IoT end-to-end value chain is rich and complex, going well beyond devices, networks and applications. To create a more holistic view, the paper proposes the IMAGE model, which blends technological and non-technological aspects, all essential for delivering scale and benefits over time.
- IoT and business leaders should take action now to ground their DBT programs in fast emerging value vectors such as Recycling and reuse (circular economy), Outcome-driven business models (outcome economy), and Integration (interconnected economy), i.e., the “new ROI”, which, if judiciously harnessed, will bolster up corporate return on investment.
“We recognize that creating and scaling digital transformation and IoT programs is extremely difficult to do; in particular when it comes to maintaining a big picture mindset while dealing with a myriad of related moving parts and details,” said Sebastien Lafon, former Global Head, Digital and Marketing Services, Boehringer Ingelheim, CDAIT Visiting Scholar and Vice Chair, CDAIT IoT Standards & Management Working Group. “We trust digital transformation leaders will find in this paper a useful and concrete set of guideposts.”
Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.Edited by
Ken Briodagh
