ABSTRACT: For many companies, the internet of things has suddenly become the thing: a techno-competitive mega-trend that can no longer be ignored. However, creating an effective IoT strategy — and carrying it out with excellence — can be difficult and confusing.
In a recent survey, all CEOs in the Fortune 500 were asked, “What is your company’s greatest challenge?” The top answer was, “The rapid pace of technological evolution.” IoT is a prime example of the rapidity of this technological evolution. The methodology for companies to stay abreast of this pace and meet it with the talent required to navigate it is no small undertaking, but success in the process will define the parameters of technology competition over the coming decade.
Mark Benson is Vice President of Engineering at SmartThings, a technology company based in Mountain View, CA and a wholly owned subsidiary of Samsung Electronics. Mark is a regular speaker and writer on the intersection of technology, business, and society as it relates to product development, technology leadership, strategic planning and execution, intellectual property portfolio management, software architecture, information security, competitive positioning, and organizational behavior.