Internet of Things Business Case Template

Powered by InfoTech, provided by Atlantic BT Summarize the business case for analyzing the Internet of Things (IoT) here. This will likely be a proposal or a plan of action – namely the process for analyzing the state of the Internet of Things and making recommendations about projects to implement. State the objective and main benefits here. Example: This case examines the likely costs and benefits of instituting a formal process for the identification, evaluation, and implementation of technology projects related to the Internet of Things (IoT). The intended result is introducing IoT technologies that drive cost savings and efficiencies within the office in the short term, while developing the capacity and expertise needed to leverage connected devices and analytics as the IoT continues to mature. This case will illustrate how taking steps to actively foster a culture of innovation and increase familiarity with disruptive trends is essential for remaining competitive in today’s business environment. Objectives: 1.Build awareness and enthusiasm for ready-to-implement IoT technologies. 2.Gain approval to proceed with creating an IoT analysis team. 3.Gain a budget for testing new IoT technologies. Executive Summary

Powered by InfoTech, provided by Atlantic BT Present background information behind the decision to create an IoT analysis process. Use the introduction and phase 1 of the storyboard to summarize data and information that is relevant to your organization, and will make the case for an analysis process. Background: Why does [company] need an IoT analysis process?

Powered by InfoTech, provided by Atlantic BT Example: Business Staff Culture Resists Innovation ◦ Encouraging the use of new apps and smartphones has already been met with resistance from employees who are hesitant to embrace new technologies. IoT devices will likely meet the same fate. ◦ By focusing pilot projects and initial implementation on tech-savvy, enthusiastic users, the value of new technologies can be easily realized and communicated to more reluctant employees. Concern 2 Concern 3 Use this slide to acknowledge and address the typical concerns of your organization, such as those presented in the Internet of Things Blueprint. Addressing common concerns surrounding IoT The storyboard includes some common barriers to innovation.

Powered by InfoTech, provided by Atlantic BT Use this slide to summarize how a formal analysis process will address the top IoT risks. Continue, in the next few slides, to outline benefits. A formal analysis process mitigates the biggest IoT risks and seizes the top benefits Threat 1: Security & Privacy Threat 2: Data & Complexity Threat 3: Business & IT Buy-In Benefit 1: Safety, Comfort, Efficiency Benefit 2: Better Decision Making Benefit 3: Revenue Generation By anticipating threats before they hit. Don’t wait until a breach happens to build security in. By considering from the start how the deluge of data will be stored and analyzed, and setting realistic expectations. By showing that thought has been put into the IoT, projects can be approved with less hassle. By outlining the benefit to users— including executives— the case becomes vivid. HAVING A PLAN PREVENTS… HAVING A PLAN GAINS YOU… By guiding initiatives using the plan itself, and using the data from IoT initiatives to guide wide-ranging decisions. By going beyond efficiency and introducing new functions that have been tested internally.

Powered by InfoTech, provided by Atlantic BT Example: Reducing wasted electricity consumption costs Benefit 2 Benefit 3 Benefit 4 Benefit 5 Insert key short-term benefits. Short-term benefits

Powered by InfoTech, provided by Atlantic BT Example: An ongoing IoT analysis process will allow the organization to assess and adopt future disruptive technologies more efficiently, creating a competitive advantage. Benefit 2 Benefit 3 Benefit 4 Benefit 5 Insert key long-term benefits. Long-term benefits

Powered by InfoTech, provided by Atlantic BT Example: Energy management technology ◦ $400 up-front investment ◦ $750-$1000 per year savings on utility costs Communicate the ROI estimates for early IoT technologies. Contact Atlantic BT if you’d like to use our Internet of Things ROI Calculator to refine your estimates, and insert the key outputs of the tool in this slide.Contact Atlantic BT Estimated Return on Investment (ROI)

Powered by InfoTech, provided by Atlantic BT Example: Infrastructure ◦ Networks are the main updates needed as more connections are added. Storage and servers may also be needed, but are often increasingly outsourced to the cloud. Example: Big Data & Analytics ◦ Experience gathering, managing, and analyzing data streaming in from IoT-connected devices builds a healthy foundation for larger business intelligence (BI) initiatives. Example: Platform and Management ◦ The IoT needs hardware and software hubs to tie objects together and keep track of physical and logical connections between them, forming a unified platform. Summarize how IoT projects enable the massive benefits of long-term projects. See the storyboard for potential foundational benefits. Building an IoT foundation today will unlock future innovation

Powered by InfoTech, provided by Atlantic BT The Internet of Things Analysis Team Team MemberRoleResponsibilities

Powered by InfoTech, provided by Atlantic BT The Internet of Things analysis process Create a meeting schedule for the team. Remember to keep it simple: buy-in is easiest when it does not take up too much time. Scale the time commitment to the size of your organization and resources available:

Powered by InfoTech, provided by Atlantic BT Approval for the Internet of Things analysis process NameTitleSignature

Powered by InfoTech, provided by Atlantic BT Questions?

Powered by InfoTech, provided by Atlantic BT