| | July 20159CIOReviewSophistication Leads to Success When Implementing M2MWhat really sets leaders apart is a holistic strategy, including other technologies that make the most of a deployment. Businesses must leverage big data analytics to extract insights from the massive amount data generated by M2M, along with cloud and mobile solutions. This sophisticated approach to M2M helps organizations to see the greatest impact on their businesses. In fact, 69 percent of sophisticated users say M2M has fundamentally transformed their business.To turn the technology into a true strategic asset, here are a few tips to keep in mind while implementing M2M: · Make a strategic, multi-year commitment to M2M. While you're likely to see fast returns even from initial small projects, changes to processes and behaviours don't necessarily happen overnight. Plan to become a "digital business", with M2M a part of your company-wide DNA.· Be ambitious, creative, even daring. It may seem simpler to look at off-the-shelf solutions, isolated back-office processes or small-scale rollouts. But, the big wins come from taking a broad look at processes, markets, products and systems, and thinking about how they cannot only be automated or refined, but radically transformed, replaced or joined up. · Collaborate and share. Silos of processes and systems are the enemy of innovation. Data gathered from M2M technology can help business units across the board from marketing and R&D to HR and finance. Don't miss out on any of the insights that can be gleaned from analytics­this is where M2M can become even more strategic and vital to the business. · Plan for the future. Think about what happens, both in terms of technology and processes, when an M2M project gets rolled out internationally. What happens if your data volumes explode in a few years, or if your network provider switches off its 3G network? Once M2M is embedded into business processes, you can't afford to treat it as a short-term experiment.It's clear that the Internet of Things is a driving force for innovation in our cities, homes, cars and workplaces, and its potential is being recognized by business leaders in every industry. In the coming years, adoption of M2M will continue to rise as it becomes more vital to businesses worldwide. Forward-thinking organizations know that to take advantage of this transformative technology, the right approach is one that is measured, strategic, collaborative and implemented business-wide. With this approach, the Internet of Things will soon connect our lives and businesses like never before.While the Internet of Things remains popular in applications like the connected car and wearable, new industries are now realizing how M2M technology can help them compete in today's digital economy
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