You might think that organizations will always prioritize how Industrial Internet projects are built based on the potential ROI of each stage, deciding to start with a stage that will generate the most ROI over the lifetime of the solution. In fact, the order in which these stages occur is usually more complex and sometimes dependent on company culture. Some of the criteria we have seen used for prioritizing potential project stages to pursue first include the following:
- ROI: The stage with the greatest ratios of business benefits to costs over the lifetime of the project is selected as the first projects to pursue
- Business benefit/competitive threat to the business: Some companies put much greater ...
