Don't feel bad if you and your organization are newbies when it comes to implementing the Internet of Things. There aren't a whole lot of people who have more experience at IoT than you do.
So, plenty of others face the same challenges that you face.
However, there is a path to success -- return on investment through cost savings and new revenue -- with IoT. Those considered "leaders" with IoT are applying advanced concepts such as predictive and prescriptive analytics to learn from past operational data and then to understand likely future outcomes.
As with so many analytics initiatives, IoT success factors include executives support and engagement, collaboration with business units and partners, and use of a multi-discipline team.
AllAnalytics generated this IoT infographic from research conducted by the Internet of Things Institute on behalf of SAS.