The Internet of Things (IoT) business unit of HCL Technologies, IoT Works on Tuesday launched maturity framework titled "IoT Maturity: Bridging the Gap Between Devices and Value" that provides a roadmap for large enterprises for IoT-led business transformation.
The key findings of this framework are the three stages of enterprise IoT maturity which include -- process efficiency using IoT-enabled data, building new revenue streams and business transformation leveraging IoT data led insights.
"Many companies have made inroads into use case-based IoT projects, but very few have embarked on transformative programmes. It is only by doing so that these firms will reach the intended IoT goals of efficiency, profitable business models and gaining a competitive edge," said Sukamal Banerjee, CVP and Global Head, IoT WoRKS, HCL Technologies.
The IoT platform provides the flexibility to modify the services over a period of time as the business needs change and evolve and can centralise data from all instrumented assets, making data visible to key stakeholders so they can make better, faster decisions.
"Defining the IoT platform strategy is the inflection point and there are four key components while choosing the right IoT platform -- security, data analytics, scalability and agility," added Banerjee. Also read: Tech Mahindra Unveils Smart Manufacturing Lab in Bengaluru
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