But why do CIOs overlook business objectives that are the starting point of an IT project? It is possible that the race to digitization has made them hasty. "Many CIOs start an IT project with one objective, but end up seeing that it's no longer suitable for the project at work. Often, they fail to meet the goal they set out to achieve because of this lack of business understanding," said Ramamoorthy.
Does one need to hire a new IoT specialized IT team? Dr. Ganesh disagrees. "There cannot be a special IoT team; instead a couple of IoT experts are enough," he said. Ramamoorthy added, "If the team has no representative from the business side, it is bound to fail. An IT team can't function smoothly without inputs from the business side."
Does the size of the company affect the implementation of an IoT project? Yes, and yet no.
Smaller companies usually have no CIOs, which means tech decisions are often taken by the business head or the CEO. So, while the business plans are laid carefully, the person in charge might not understand the tech itself, leading to an inevitable failure. Ramamoorthy added that, while larger companies or enterprises have dedicated CIOs who understand the tech, without the input of the business team, he might not be able to gauge the business benefits correctly.
While Dr. Ganesh believes that the industry is still a few years away from large scale investments in IoT, Ramamoorthy proves to be more optimistic. "If anybody has a little bit understanding of how IoT works and knows how to successfully entwine it with business, it should not be difficult," he said.
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