Now the director of innovation strategy at the digital business consulting firm Nerdery, Derek Chin consults on digital transformation with Fortune 500 companies on IoT initiatives, as well as other technologies. In the following article, we highlight seven principles culled from Chin’s experience as an entrepreneur and consultant related to launching and managing IoT projects

“You really need to think through IoT all the way as far as what you’re hoping to gain from it, how it’s going to impact your business,” Nerdery's Derek Chin said. That requires experimentation to validate assumptions and a plan to get buy-in from key stakeholders across the organization to deploy the project at scale. “As challenging as IoT is to build, it’s even more difficult to implement. So if you’re not willing to look closely at the business model and the human element, you’re missing two giant dimensions of what it takes to be successful.”

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