What are TWO big challenges that your organization faces with the market flooding with smart connected products?

Please answer the question in about 400 words. Keep your answers to the point. Keep this short and simple; however, make sure you have answered all the questions.

NOTE : TO ENSURE ANONYMITY DURING EVALUATION, PLEASE DO NOT INCLUDE YOUR NAME IN THE SUBMISSION

The topic of discussion on last weeks DB has generated a lot of conversation. There are several great posts on how the Internet of Things (IoT) will affect the costs of operations and costs of getting the products to the customers. The posts were focused on operations and strategies internal to the organization. This week, we are reading about best practices in sourcing and supplier stratification. These are looking at strategies external to ones organization. IoT sure is going to affect the way interactions happen between the other members in the supply chain.

The two articles by Dr. Porter on how smart connected devices are changing companies and competition are thought provoking.

What are TWO big challenges that your organization faces with the market flooding with smart connected products? Are these challenges big enough to make you change the way you do business? Why or why not?