The Internet of Things (IoT) is the next wave of rapid revolution for companies across industries. Also known as machine-to-machine (M2M) communication, IoT is expanding the reach of digital --and creating new avenues for growth, shifting existing business models, driving efficiencies and providing data-based insights in the process. In order to fully seize the IoT opportunity, organizations may need to rethink the types of skills and leaders they need as well as their organizational structures and cultures.
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The structure and culture of an organization is pivotal in determining whether it is ready to take on IoT challenges. A few key questions can help determine if your company is prepared.
The nature of IoT demands that organizations build a team of leaders with wide-ranging skills, including an openness to risk, focus on customer needs and an ability to work collaboratively.
In a business landscape where the quest for strong leadership is already highly competitive, companies must focus on building a pipeline of talent with the skills to manage current IoT strategies and pursue future endeavors.
An introduction to the Internet of Things from its broad business implications to valuable questions leaders need to ask in order to incorporate IoT into their specific strategies.