By Leonard Lee of neXt Curve.
Do you scratch your head when someone asks you if you have an “IoT strategy”?
I do, and I find myself inevitably asking what one means by “IoT strategy”. Why is the Internet of Things (a.k.a. “IoT”) such a confusing thing for many of us?
The Internet of Conceptual & Semantic Disconnects!
According to a 2016 Gartner study, 43 percent of enterprises were looking to do something with the Internet of Things.2 According to numerous studies, most notably one conducted by Cisco in 2017, enterprises that have or are in the process of implementing IoT for their business are experiencing low rates of success with anywhere from 60 to 73 percent of projects failing. What is going on here? Are companies just not that good at this thing we call IoT? Were stakeholder expectations not managed well? Communication breakdown between techies and their business counterparts? Maybe people just don’t know what IoT is in a way that matters for the business.
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About Leonard Lee
Leonard Lee is the managing director and founder of neXt Curve. With over 25 years as a management consultant and industry analyst, Mr. Lee is a former managing partner with Gartner Inc. and associate partner with IBM and PwC who has advised and delivered emerging technology and business solutions to leading enterprises across a broad range of industries including entertainment & media, telecommunications, financial services, energy, pharmaceutical, and consumer and commercial high-tech. Leonard has extensive experience helping Global 500 companies drive business innovation and value through digital technologies, and has helped top technology vendors with their go-to-market strategies for their digital products and services. His specialties include IT & business strategy and governance, digital business innovation, market strategy & analytics, emerging technology and ICT industry research, business transformation & change management, program management, enterprise architecture and M&A/divestitures. Leonard is an executive fellow with the Drucker School of Management’s Center for the Future of Organization and is also an influencer on LinkedIn with over 180,000 followers and a network of over 8,000 Global 500 executives.
Advisory Board
The function of the IoT Community, is to focus on the adoption & application of IoT in commercial environments, seeking to understand & contribute to applying the technology or overcoming the wide variety of barriers, inhibitors, and technical & operational issues. As a member of the board, Leonard will provide impartial input and guidance to the overall vision, strategy and execution that is helping to shape the current and future direction for the IoT Community, as well as the broader IoT industry.
