Believe it or not there are still IoT projects that are becoming stalled in the proof of concept and pilot stages. While there has been a lot written about how to avoid this quandary, the article that follows does an excellent job of covering off on all of the challenges associated with new IoT projects. Better yet, it provides a useful recap of tips on and how to get over these challenges. McKinsey & Company calls this “pilot purgatory”. Read on to get the down low it.
With the exponential increase of new technologies and drive towards digital transformation of manufacturing facilities, the manufacturing industry is more exciting today than it has been in the last several decades. As Internet-of-Things (IoT) has transformed the consumer world, the technology has yet to be fully realized in the industry that stands to gain the most from it – manufacturing.
When it comes to implementing Industrial IoT projects, for years manufacturers have been encouraged to think and behave like startups: get in, fail early, fail often, and use those learnings to scale projects.
This is only half the battle.
While acting decisively is important, failing to also strategically plan for large-scale implementation can lead to well-documented failure to launch. Today, two of every three companies that begin IoT pilot initiatives often end up in a suspended state of what’s known as “pilot purgatory,” a term coined by McKinsey & Company that describes a promising pilot that never gets off the ground due to poor planning, project complexity, or a host of other reasons.