How CXOs are charting an IoT road map

The first element of building a successful IoT strategy is that it should be based on some business value such as percentage increase in revenue or reduction in cost or improvement in productivity/efficiency. The second element is that the commitment should be top-down: What is the leadership's commitment to the success of the IoT project? Third, it needs to have an ecosystem play, involving all the key ecosystem participants while the strategy is being built. The fourth one is the right set of skills and the capability to consume IoT. And the fifth element is having an end-to-end perspective that touches everyone in the organization for whom the project is relevant.