Factors are to be taken into account before investing in technology?

Decision-makers should keep the following in mind:

Evaluate the opportunities, risks and benefits: A cross-functional team can identify, evaluate, and prioritise the most relevant IoT applications and solutions. This evaluation process must take into account the unique value

Identify key technology components: End-to-end solution implementation requires many technical elements, including sensors, devices, network infrastructure, security solutions, applications and analytics services. It is unlikely that a single vendor can supply all of the elements necessary to deploy a seamless solution. It is important to assess the organisation’s ability to implement each