Though the Internet of Things (IoT) might be built with innovative technologies, real innovation is found in how it allows organizations to become more intelligent, agile and adaptive. Organizations must look past the hype of the IoT to see the real opportunity to enable the “Innovation of Things,” notes Benson Chan, senior partner at research and consulting firm Strategy of Things.
The IoT refers to a network of connected devices collecting and exchanging data over the Internet autonomously. Business process management (BPM) software analyzes, discovers, designs, implements, executes, monitors and evolves collaborative processes across organizations. Until recently, however, teams and resources dedicated to deploying and managing IoT and BPM have operated in silos. Organizations must bring these two disciplines together to fully realize the potential for change and innovation.