Business strategy framework for the Industrial Internet

While architects often confine themselves to technology challenges, in the realm of the Industrial Internet, business considerations go hand in hand. IIC provides a business strategy framework that illustrates the major areas that should be of interest:

Industry analysts agree that the IIoT is experiencing explosive growth, and emerging leaders in companies, such as the CDOs, are being tasked with driving strategies. Architects must sharpen their business acumen and have an opportunity to groom up for future digital leadership roles.

Areas where architects can broaden their contributions to their companies will include, but not be limited to, the following things:

• Understand the competitive landscape and help define their company's role
• Understand new market dynamics and pressures introduced by IIoT
• Understand new business models, the value chain, and partnerships/alliances and continuous reevaluation of the same within their company
• Evaluate the societal impact of the Industrial Internet