In a mandate with a renowned Swiss security company, I investigated the economic potential of using IoT technologies in buildings. What began as an analysis of business processes, application scenarios and profitability calculations quickly developed into a fundamental strategic discussion. The central question was: should the company offer specific products and services in the future or provide comprehensive security solutions?
This decision would have far-reaching consequences for the entire organization, its employees and the choice of global technology partners. The project clearly showed how the use of new technologies such as IoT not only optimizes processes, but can also permanently change entire business models and industries.
