Many IIoT solutions fail before they can deliver value to an organization. This is often because the value an IIoT solution might offer isn’t fully understood, and the value can only be realized at the end of a project. This presentation will show you how to break an IIoT solution into small, bite-sized chunks, each of which provide value to the organization.
When you break an IIoT solution into small pieces, you limit the scope of each piece. This can be done in multiple ways – instead of a complete digital transformation for the entire organization, this might represent only a small portion of the plant. Upon success, the formula can be then rolled out to the rest of the organization. When it comes to predictive equipment failure or asset monitoring, this might represent implementing the solution for only one or two types of equipment at first.
This can require a shift in the way that IIoT projects are managed, but done correctly, they result in a series of project successes. Each success adds value, and this value can start generating an ROI before the full project is even completed. The small components are also completed on a much shorter timeline, which allows for more fine-grained allocation of resources and ensures the clients needs are fully met.
By borrowing from some agile methodologies towards project management, and by taking smaller bites while implementing an IIoT application, you can realize ROI sooner. If one aspect of the overall IIoT program fails, you are still able to realize partial success along the way. This paradigm shift results in an overall increase in project success, as IIoT solutions won’t ever fail completely – and if they do, only minimal resources are committed before realizing a project isn’t viable, instead of investing and wasting months of effort.