Comments
clrmoney
5/31/2016 3:00:07 PM
User Rank Platinum
IOT
Internet of Things is very importnat software and data information and now they are offering digital transformation is great for the company and the public.
Michelle
5/31/2016 4:12:22 PM
User Rank Platinum
Transformation enabled
Thanks for sharing this with us, Joe. I look forward to part 2 in this series.
faryl
5/31/2016 6:34:42 PM
User Rank Platinum
Re: IOT
I think IoT is, in a sense, the new "social media".
It strikes me that it's in a similar stage now as social media was about 8 years ago: More companies are starting to recognize its importance, they know it's a current buzzword, but they haven't quite gotten their arms around how they'll use it/where it fits in with their business model.
Some will find it dovetails perfectly to enhance their service/products in rather predictable ways, others will be truly groundbreaking & innovative, whlle others will try to shoe-horn an IoT offering in so that they feel "current" & "cutting edge".
A key difference being that IoT has significantly larger costs and the potential risks for not getting it right can have more serious "real life" consequences.
It's good so many qualified players are giving thought and laying the groundwork now before things start to *really* take off.
Good Insight
Very interesting post. Thanks @Joe for sharing. The role of IOT within digital Transformations is very appealing.
Key Concerns
enterprises' IoT panic are security, privacy and regulatory concerns..
Undeniably these are three key areas of concern that needs special attention. I will look forward to part 2 as you indicated these will be covered in there.
Re: IOT
I think IoT is, in a sense, the new "social media "
Absolutely, well said. I agree. It won't be shocking to see the similar trend for IOT in 10 years down the road.
Re: IOT
A key difference being that IoT has significantly larger costs and the potential risks for not getting it right can have more serious "real life" consequences.
@faryl: Good point. Hence this needs a thorough thought process and analysis prior adapting this initiative. That is very essesntial to make sure there is justification in all aspects. I belive this is one key thing that sets IOT apart from social media. IOT is not as easy as social media to just jump in.
JohnBarnes
5/31/2016 10:05:15 PM
User Rank Platinum
Motes and beams and so on
"[Executives ask:] 'What can I do with the data?' 'What can I do with IoT?'" observed tablemate Sudhir Desai, CEO of Living Enterprise, an innovation consultancy. "But it's not 'How can I revisit my business?'"
Everyone is very aware that IoT will totally transform the industry next door, mostly because they see greater opportunities for sales and for providing new services as the industry next door grows. But their own industry? For that, they envision IoT as "same as today but with more money!"
DHagar
6/1/2016 12:55:42 PM
User Rank Platinum
Re: Transformation enabled
@Michelle, I fully agree. This is an excellent perspective on IoT and the digital transformation. I like Joe's restatement that the two views include panic and innovation. I believe that sums up reaction to techology at large - either we are bracing for it or embracing it to find effective ways to utilize and optimize our businesses.
Michelle
6/3/2016 12:49:38 PM
User Rank Platinum
Re: Transformation enabled
Panic and innovation at the speed of molasses!
(not all projects, of course)
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