Focus on Emerging Technology

Ensuring Long-Term IIOT Success

What to know and ask when considering digital transformation

by Guneet Bedi

The benefits of undertaking a digital transformation for building-transportation professionals are well-known and cannot be overstated. From enhancing operational efficiency and predictive maintenance, to creating new revenue streams, implementing technologies like the Industrial Internet of Things (IIoT) has the power to significantly improve the way one does business.

By now, most people know what the IIoT is in the abstract, and many companies are moving to implement it. While building-transportation suppliers and maintenance organizations can see real benefits from these technologies, it’s not as simple as setting up some sensors and pushing a button. In fact, deciding to undertake a digital transformation is just the first step of the process. Before any sensors or technologies are in place, one must first define the desired business outcomes for their organization, as well as identify return on investment (ROI) expectations.