Expanding Value With IoT Connected Products

Turning your equipment into connected products offers OEMs and telecommunication carriers the ability to deliver new business models. Learn more about when a product or service is expanded beyond its current potential; it can increase market share, create new revenue streams, improve customer retention, and deliver a competitive advantage.

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"The potential economic value that the IoT could unlock is large and growing. By 2030, we estimate that it could enable $5.5 trillion to $12.6 trillion in value globally, including the value captured by consumers and customers of IoT products and services. And, B2B applications are where the majority of IoT value can be created, with around 65 percent of the estimated IoT value potential by 2030."

McKINSEY

The Purpose of the Guide Is To Help Decision-Makers

To understand the competitive landscape for OEMs and telecommunication carriers and the opportunities for your organization by building connected products.
To provide guidance on enhancing your product life cycle to add IoT to the products you are already manufacturing.
To understand the value created with multi-tenancy applications to support users in your organization and your customers with unique data views tailored to each user’s needs.
To evaluate your team, skills needed, and tools that can support your success.

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THE GUIDE

Let’s Get Started: Key Factors Impacting IoT Initiatives

IoT enables the sourcing of data from devices, then delivering that data in beneficial ways to help accomplish more, faster. It allows both the organization and its customers to be more innovative. In this guide, we outline a few steps, such as the relevance of vetting your IoT project with key stakeholders, securing operational commitment and understanding, and planning for IoT implementation.

Organizational Vision

Operational Realities

Technological Realities

The Four Levels of IoT Value for Enterprise

The guide looks at the main factors impacting IoT initiatives and how companies can deliver value by building IoT into their products. In this section, we dive into the various levels of current value and then show you what can be obtained by adding IoT to create new value.