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Seven Lessons for IoT and Data Teams to Remember in 2018

Data and connected products and services are two sides of the same coin.
By Dimitrios Spiliopoulos

Lesson 6: Empower, train and give exciting problems to your IoT star employees so you can keep them during 2018.

The IoT is quite new, so companies pursuing Internet of Things and big-data strategies are finding it challenging to recruit the right talents with a comprehensive understanding of data, telecoms, software, commercials, strategy, etc. For this reason, it is important that a company invest continuously in the training of its employees, especially in the areas of data, business and technology, so they can have a broad understanding of IoT applications and their implications. Otherwise, not only will the company continue hiring workers who lack the modern skills a competitive business environment requires, but it will lose also its best talents. Both results for the company are enough to forecast a future with limited potential for success.

In addition, empowerment for training and career development are important to keep the workforce motivated and inspired. Considering the lack of IoT talents, it is a good idea for a human-resources team to try to match business needs with the interests and career goals of its ambitious employees. Otherwise, it will be difficult to keep the best talents in an organization for a long time.

Analogy with data analysis: Analytics expertise is in particularly short supply, and it's expected to become scarcer as the field expands. For many companies in the IoT sector, the key hire is often the data scientist or data architect. Therefore, continuous empowerment, training and involvement with exciting but difficult problems could help to increase the data employee retention rate.

Lesson 7: Continuously apply all of the above six lessons.

The above lessons need to be remembered for a long time, since IoT and data projects are long and evolve gradually. If we apply these tactics in the beginning, but forget these lessons after six or 18 months, it is very easy to end up making some big mistakes or losing good opportunities.

Dimitrios Spiliopoulos is passionate about the IoT and new technologies, and has earned an MBA degree from the top-tier IE Business School in Madrid. Currently working as a contractor for the IoT team of O2 (Telefonica UK) in London, he previously worked for the global IoT team of Vodafone. Dimitrios is a mentor at IoT Startupbootcamp in London, IoTUK and Reload Greece. He helps IoT teams to develop new propositions and partnerships, as well as companies to start their IoT journey and create great value for their customers through new services, business models and connected products. Feel free to connect with him on LinkedIn.

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