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The Top Five Challenges In IoT Digital Enterprise Transformation (Part One)
After more than twenty years of development and implementation of IoT and digital technologies, you would think that most enterprises would have achieved digital transformation by now. In fact, a study from Accenture shows that only 22% of large organizations are able to effectively scale their digital innovation proof of concepts (PoCs) to drive growth.
IoT technologies, database systems, and Artificial Intelligence have all progressed exponentially in the last few years-but there remain significant challenges in people’s understanding of how digital technologies function, and how quickly business benefits and ROI can be achieved.
Top five challenges
I spoke with Accenture’s Industry X.0 IoT Lead Brendan Mislin about his experience with large-scale IoT projects and digital transformation efforts. He pinpointed five key challenges that appear “over and over again.” First and most significantly, companies tend to be too focused on technology when undertaking digital transformation-”they hear a really good pitch, and it seems so easy to implement” says Mislin. The hype cycle around new IoT technologies certainly contributes to this, with 5G being a perfect example. “5G is another feather in the cap,” says Mislin, “like a lot of advanced technologies, it’s…
