Six ways to make enterprise IoT cost effective

Six ways to make enterprise IoT cost effective

There’s little question that the internet of things (IoT) holds enormous potential for the enterprise, in everything from asset tracking to compliance.

But enterprise uses of IoT technology are still evolving, and it’s not yet entirely clear which use cases and practices currently make economic and business sense. So, I was thrilled to trade emails recently with Rob Mesirow, a principal at PwC’s Connected Solutions unit, about how to make enterprise IoT implementations as cost effective as possible.

“The IoT isn’t just about technology (hardware, sensors, software, networks, communications, the cloud, analytics, APIs),” Mesirow said, “though tech is obviously essential. It also includes ensuring cybersecurity, managing data governance, upskilling the workforce and creating a receptive workplace culture, building trust in the Internet of Things, developing interoperability, and creating business partnerships and ecosystems—all part of a foundation that’s vital to a successful IoT implementation.”

Yes, that sounds complicated—and a lot of work for a still-hard-to-quantify return. Fortunately, though, Mesirow offered up some tips on how companies can make their IoT implementations as cost effective as possible.

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