Why?
Until recently, companies have accepted the widespread adoption of IIoT, driven by its clear advantages, while often turning a blind eye to the fact that it is a relatively new area of expertise that still lacks the well-established standards found in other technology sectors. This issue is further complicated by the absence of overarching ownership, with current responsibilities often shifting between OT, IT, innovation teams, and various business units.
However, it’s crucial to recognize that the lack of established standards does not exempt IIoT from regulatory compliance requirements. This applies to all connected devices, from coffee machines and compressors to CO2 sensors and asset trackers—each subject to scrutiny under new regulations like NIS2.
IIoT has often been introduced into organizations unnoticed and unchecked, resulting in a landscape where companies may have 20 to 50 IIoT solutions in place without a clear understanding of whether they meet any internal standards or mandatory compliance requirements.
It is high time to start optimizing, securing, and creating a clear vision and strategy for future deployments.
This is where IIoT Portfolio Management provides a valuable solution.
What?
IIoT Portfolio Management is fundamentally an ITIL-based process, specifically tailored to the unique needs of IIoT and seamlessly integrated into custom management tools and supported by new organisational processes.
It covers all aspects of connected devices that generate data, from their initial design and deployment to their ongoing management and eventual decommissioning.
This approach goes beyond simply overseeing devices; it shapes and guides the entire lifecycle of IIoT solutions, influencing the architecture, implementation, management, and security of every connected asset. By incorporating robust design principles and industry frameworks, IIoT Portfolio Management establishes a structured methodology that ensures consistency and compliance across all deployments.
Moreover, it promotes a transparent and manageable environment where companies can gain full visibility into their IIoT assets, identify gaps, mitigate risks, and align their strategies with regulatory requirements. Ultimately, this process supports organizations in optimizing their IIoT investments, driving innovation, and achieving long-term operational excellence.
Topics?
IIoT Portfolio Management covers a broad range of critical areas to ensure the effective deployment, operation, and governance of IIoT solutions within an organization.
From establishing clear ownership between IT and OT teams to ensuring compliance with evolving regulations, this all-encompassing approach addresses the following key topics:
- Operational: Defining clear ownership between IT and OT stakeholders.
- Architecture & Standardization: Establishing standardized processes for efficient implementation.
- Tax Fiscal: Implementing tax optimization practices.
- Innovations and Communication: Developing frameworks to foster innovation and streamline communication.
- Compliance: Meeting regulatory requirements, including NIS2, the EU Data Act, and GDPR.
- Lifecycle Management and Security: Managing the full lifecycle of IIoT assets and ensuring security across the entire IIoT chain.
- And more…
IIoT Portfolio Management enables organizations to optimize their IIoT strategy, enhance operational efficiency, and mitigate risks effectively.
Find out what Lyxion is all about
Our Philosophy on IIoT Portfolio Management
Managing IIoT solutions begins with establishing a clear inventory of all deployed systems. Once this is in place, it’s essential to gain insights into the associated risks—ranging from the device level, through the network, and up to the application layer. The next step involves setting up a tiered architecture and virtual mapping of these solutions, identifying gaps and aligning them with business needs. Additionally, creating control mechanisms and rules for new deployments is crucial for maintaining consistency.
Currently, ownership of IIoT solutions is fragmented across different departments, making it challenging to achieve standardization, ensure data interoperability, and maintain general security and compliance. This is why we advocate for centralized accountability, placing it under an IIoT portfolio manager to streamline and oversee these efforts effectively.
Our services for setting up a IIoT portfolio framework
While IIoT Portfolio Management offers numerous benefits—such as standardization, quality control, cost optimization, faster go-to-market, and compliance—it’s not without its complexities. Implementing it effectively requires a global vision and specialized expertise, making it more than just a straightforward decision.
With Lyxion, you gain access to industry-leading advisors and a centralized, all-encompassing vision for IIoT management. We tailor our tools to seamlessly integrate with your organization, ensuring a smooth and efficient setup without the need to start from scratch, empowering you to realize the full potential of IIoT.
Our hard- and software products
We bring top-tier tools, products, and partners to the table that have been thoroughly tested and refined through years of collaboration.
They will always accelerate the decision-making process.
By offering comparisons with the best available solutions, they provide valuable insights into your true needs. Even when a perfect match isn’t always achieved, these tools serve as benchmarks to help refine your approach and identify the adjustments needed to meet your unique requirements, ensuring efficient and well-informed decisions.
Our quick access support team, as part of your Fit Gap Analysis
The IIoT Portfolio Manager frequently requires rapid access to specialized expertise in areas such as hardware, development, integration, compliance, taxation, security, and more.
To address this need, we have established the Lyxion Compliance Hotline—a dedicated service designed to provide immediate support and guidance across these critical domains.
Our core approach towards IIoT portfolio management integration
Define roles & Responsability
Define corporate strategy + mandates
Evaluate frameworks
Modify tools, templates best practices
Implement and test Frameworks
Train the trainer approach
Set up support mechanisms
Set up the IIoT compliance hotline
Implement PFM compliance tools
Experiment zone RFID labeling and more
'Why' consider IIoT portfolio management?
"Why" organisations consider IIoT portfolio management?
While IoT portfolio management aims to streamline all processes with regards to IIoT compliance, IT also bring a lot of other benefits.
Why else install IIoT PFM
"IIoT Portfolio Management is a relatively uncharted territory. Until recently, many IIoT and IoT projects proceeded without a holistic view, leading to unforeseen complications. IIoT Portfolio Management offers structure and foresight that tacles a lot of challenges:
Missing procurement checks
Missing coordination between BU's with overlapping needs
Missing certification for GDPR related IOT items
No standardized innovation roadmaps
No Tax optimisation and subsidies checks
Missing central stock or lifecycle management
Missing classification system within a tiered platform strategy
Missing organisational structure and mandates
Get up to speed in no time.
Discover the benefits of IIoT Portfolio Management and position yourself as a leader in innovation , all while staying in compliance with security and legal obligations.
