IT Leadership: Emerging Principles and Processes Evaluation Report

This report examines emerging principles and processes, particularly focusing on the Internet of Things (IoT) and its influence on business systems and IT organizations. It explores the creation of new value propositions, innovative strategies, and security aspects. The report identifies potential risks associated with IoT implementation, such as security vulnerabilities and communication gaps, and suggests mitigation strategies. It also discusses the applicability of IoT in professional settings, emphasizing its role in business outcomes and decision-making. Furthermore, the report outlines key performance indicators (KPIs) for successful IoT application and assesses the short and long-term sustainability of these trends, particularly in remote asset management. The report also includes references to relevant literature supporting the analysis.

Running head: EMERGING PRINCIPLE AND PROCESS TRENDS
Emerging Principle and Process Trends
Name of the Student
Name of the University
Author note

1EMERGING PRINCIPLE AND PROCESS TRENDS
Table of Contents
A. Summary.....................................................................................................................................2
B. Risks............................................................................................................................................3
C. Experience Applicability.............................................................................................................4
D. Justification.................................................................................................................................4
E. Successful Application................................................................................................................4
F. Short and Long-Term Sustainability...........................................................................................5
References........................................................................................................................................6

2EMERGING PRINCIPLE AND PROCESS TRENDS
A. Summary
The discussed trend in the book focuses on Internet of Things (IoT), which is mostly
considered as one of the most influential technologies. As per the discussion supported by Kranz
(2016), it can be discussed that the influence of IoT would bring about new ideas over the
business systems and transform every aspect within a single network. The book also focuses over
the security aspects and operational side focusing on IoT networks. This book also explains the
ways in which new value propositions would be created and innovative strategies could be
created in order to focus over the business strategies.

3EMERGING PRINCIPLE AND PROCESS TRENDS
B. Risks
The different risks that have been discussed within the scenario of business based on the implementation of IoT and which
have been outlined in the publications are:
Risk Description Likelihood Severity Mitigation Strategies
Designing of IoT solutions in a lacking
environment of security foundation.
5 5 A security foundation should be established with the
cooperation of strategic business leaders and developing
a proper plan.
Lack of communication within the
implementation strategies of latest IT trends
(Notra et al. 2014)
2 3 A communication plan should be set up and hence the
managers and team should follow those instructions
accordingly.
Lack of proper management of risk vectors 1 3 A proper technical plan should be established based on
addressing the risk vectors whenever they would
approach towards the project.
(Ratings are based on a scale of 1-5)

4EMERGING PRINCIPLE AND PROCESS TRENDS
C. Experience Applicability
In my professional life, the use of IoT based trends have helped me in gauging the
business outcomes such as top and bottom line, uptime and productivity. These applications
based on IoT have also helped me in making use of them to derive better results for my industry.
IoT based solutions also generate intelligent and smart decisions focusing on business cases.
D. Justification
The implementation of IoT within an organization could be devised by using networked
devices such as actuators and wireless sensors for conversion of useful information. These
applications are connected with each other based on analysing data and generating valuable
insights from them.
On the other hand, Big Data helps business organizations to engage with real-time data
and generate insights (Da Xu, He and Li 2014). In case of business organizations, Big Data could
be useful for understanding the preferences of customers and then focus over designing new
strategies for their betterment.
E. Successful Application
The indicators of successful application of IoT within the organization and key
performance indicators (KPIs) are:
2. Time and Budget
3. Data analysis and integration
4. Impact tracking

5EMERGING PRINCIPLE AND PROCESS TRENDS
F. Short and Long-Term Sustainability
From the critical analysis of the book, it can be discussed that remote asset management
could be used for saving money based on the identification and fixation of any problem. This
system would offer benefits for the organization by helping them in measuring the overall health
of business organizations (Yerpude and Singhal 2017). The application of IoT within this system
could be based on a solution in which any problem could be resolved without the presence of a
third person to reach out to the area of the problem and resolve it at the earliest.

6EMERGING PRINCIPLE AND PROCESS TRENDS
References
Da Xu, L., He, W. and Li, S., 2014. Internet of things in industries: A survey. IEEE Transactions
on industrial informatics, 10(4), pp.2233-2243.
Kranz, M., 2016. Building the Internet of Things: Implement New Business Models. In Disrupt
Competitors, Transform Your Industry.. John Wiley & Sons.
Notra, S., Siddiqi, M., Gharakheili, H.H., Sivaraman, V. and Boreli, R., 2014, October. An
experimental study of security and privacy risks with emerging household appliances. In 2014
IEEE Conference on Communications and Network Security (pp. 79-84). IEEE.
Yerpude, S. and Singhal, T.K., 2017. Impact of internet of things (IoT) data on demand
forecasting. Indian Journal of Science and Technology, 10(15), pp.1-5.