Considerations for Including IoT in the IT Strategy
Question
To support the enterprise's digital transformation, the CIO has been asked to include an Internet of Things (IoT) component in the IT strategy.
Which of the following should be the FIRST consideration?
Answers
Explanations
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A. B. C. D.A.
When adding an IoT component to an organization's IT strategy, it is important to consider several factors to ensure its success. The FIRST consideration should be:
A. Ensuring IoT usage in the industry has been analyzed
Before investing in IoT technology, it is important to conduct a thorough analysis of the industry and its potential applications for IoT. The analysis should include understanding the market trends, the competitive landscape, and the regulatory environment. This will help the organization determine if IoT is a good fit for their industry and if there is a market for their IoT solution.
Some industries may not have a need for IoT or may have regulatory barriers that make it difficult to implement IoT technology. Therefore, it is essential to analyze the industry and its requirements before investing in IoT.
B. Ensuring IoT can be used in current revenue streams
Once the industry analysis is completed and it has been determined that IoT is a good fit for the organization, the next step is to ensure that IoT can be used to enhance current revenue streams. IoT can enable new business models and revenue streams, but it is important to ensure that it can be integrated into existing revenue streams. This will help the organization maximize its return on investment in IoT.
C. Ensuring solution providers and their IoT use cases have been researched
After confirming that IoT is a good fit for the industry and that it can be used in current revenue streams, the next step is to research solution providers and their IoT use cases. This will help the organization identify the best IoT solution provider and ensure that they have experience in the industry and have a proven track record of success.
D. Ensuring initial approvals are limited to small IoT projects to gain experience.
While gaining experience with small IoT projects can be beneficial, it should not be the FIRST consideration. The organization should conduct a thorough analysis of the industry, ensure that IoT can be used to enhance current revenue streams, and research solution providers before moving forward with any IoT projects, regardless of their size.
In conclusion, the FIRST consideration when adding an IoT component to an organization's IT strategy should be to ensure that IoT usage in the industry has been analyzed. This will help the organization determine if IoT is a good fit for their industry and if there is a market for their IoT solution.
