Early adopters of any new technological trend, according to entrepreneurs and established industry executives, are more likely to succeed in that field later since they have already worked hard to produce creative services that can disrupt and dominate afterward.
We can all agree that investing in the proper business technology, such as the Internet of Things (IoT), at the right moment is a formula for long-term success and growth. Many businesses, however, are unwilling to experiment with new technology because they lack the necessary experience. Getting technical teams on board with new technology adoption, on the other hand, takes time. When the rubber meets the road, there will be a lot of uncertainty factors that might cause delays and problems, deterring even the most ardent, techno-enthusiast enterprises from establishing their imprint in a given technology field. It’s a journey paved with challenges in terms of resources, costs, timeliness, and corporate priorities.
Moving up one rung of the ladder at a time is the key to ascending a building. Smart businesses understand that in order to transform their technological roadmap from wishlist to reality, they must rapidly improve their capabilities. This includes gaining platform expertise in new tools and software, introducing accelerators and frameworks, receiving proper guidance in terms of skill-set evaluation and upgrades, studying commercial viability and long-term feasibility, making “make or buy” decisions, assessing implementation and operational costs, and so on.
