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Common pitfalls hinder the implementation of IoT initiatives, including failure to establish a clearly-defined business case, lack of appropriate staff to manage the IoT initiative and the inability to connect, gather and understand the data.
Time has shown that implementing an IoT project without a definitive business goal in mind doesn't work. Start by considering what's standing in your company's way in regard to three things: increasing revenue, reducing operating costs, and mitigating risk.