6 Reasons to Be On-Time with IoT
Below, hear their six reasons to be on-time with your IoT adoption.*
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Some organizations are selling different packages of data streams to different customer types. Someone developing equipment for an oil rig might be selling to both field operators as well as people that actually own the different fields where drilling is occurring. So now you have an opportunity to sell the data or access to that data to a number of different stakeholders who all want to be able to make informed decisions about their own investments and production decisions.”
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In The Cost and Consequences of Being Late with Your IoT Transformation webinar, industry experts Christopher Rommel, Executive VP of IoT & Embedded Technology at VDC Research and Jon Kadane, Director of Marketing Solutions at PTC discuss the downfalls of late implementation—and how to maximize the benefits of IoT.
All Stakeholders Get Data Access for Better-Informed Decisions
Customers Demand IoT
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Organizations Can Allocate Resources Effectively
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Those organizations that are already implementing IoT are also investing a whole lot of time, people, and resources in some areas we think are going to become increasingly important going forward, and that’s just generally around cloud and analytics. Conversely, when we look at these organizations that are not yet moving in that direction, it almost looks like what the industry did five or ten years ago: that trend of software becoming more important and taking half of product development costs.”
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The pursuit of some of those top line revenue goals or business and functionality goals moves the organization to where they’re naturally exploring other technologies that are going to help them on the development side. These technologies are not only providing access or enabling some of those top line goals, but also shrinking some of the product development cycles as a result and unearthing additional efficiencies.”
IoT is Necessary for Tomorrow's Innovation
Don’t put your digital transformation on hold. Watch the full webinar replay for more expert insights today.
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What this data shows us is that the market is far enough along that some of these revenue-based motivations are now moving the market. That’s largely because we’ve gotten to a point where customers are demanding the IoT. It’s not just some different equipment vendors manufacturing some of those services or new product functionalities on the belief that customers want it. They’re saying that they do.”
Don’t Wait on IoT
* quotes have been minorly edited for clarity and conciseness
Market Research and Consulting Firm VDC Research Reflects on Input from 700+ IoT Users
Christopher Rommel
Executive VP of IoT & Embedded Technolog, VDC Research
Jon Kadane
Director of Marketing Solutions, PTC
Source: The Cost and Consequences of Being Late with Your IoT Transformation webinar
IoT Helps Organizations Embrace New Challenges
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It all ties back to the idea that people can achieve some of these IT goals, and there’s an ecosystem of solutions out there that can help them get there efficiently and navigate some of these challenges that they see, some of which are old, but others which are now perhaps more augmented.”
IoT Creates New Ways to Invest in Your Time and Your People
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What we’ve seen for some of these early movers in the space is that the advantages around IoT aren’t limited to only those new use cases and near term revenue streams. Really, these implementers are reshaping the way they invest their time and in their people to bring some of these products to market.”
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