Product Strategy: IoT = IT + OT
Many years ago, I used the phrase IoT = IT + OT as shorthand for how information and communication technologies (ICT) need to be integrated with operational technologies (OT), and how IT organizations and business operations teams need to work collaboratively in order to realize value from IoT.
It was a convenient oversimplification that summarized numerous aspects of our businesses that are impacted by IoT: how we build products, how we take them to market, how our business operations are run, and our M&A strategies for inorganic growth.
In this series, we’ll look at how the IoT equation (IT + OT = IoT) influences the following aspects of businesses:
Part I of this series, this article, focuses on how products need to evolve to maximize the leverage from IoT and to be modernized for the digital age. Read more…