A 2015 article in the Deloitte Review by Tom Davenport and John Lucker provided some much needed context around the quickly expanding conversations on the Internet of Things (IoT). Having written about the IoT often over the past 15 years, I have witnessed the term be applied too often to the mechanics of machine-to-machine (M2M) communications with less thought given to the broader impact of all those devices connecting and sharing information and data.
Category: IoT
Surprising Stats Regarding The Internet Of Things
CMO.com publishes a weekly column, “Mind Blowing Stats” that collects disparate and sometimes arcane data points about a specific topic. A recent edition of the column highlighted the great traction and movement forward that IoT is achieving though most people, and companies, don’t recognize how fast the technology is being embraced. From the column:
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Change Dynamics and the Internet of Things
We have been discussing and highlighting the growth of the Internet of Things (IoT) over the past decade and positing the many ways the technology might impact both tech-centric and smokestack industries. While IoT is increasingly being embraced by technology vendors, both big and small, as the next evolution of their business model, the biggest opportunities lie in the transformation that IoT can drive in more conventional industries.
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Gartner: Top 10 Internet of Things Technologies for 2017/2018
According to the Report, “The IoT demands an extensive range of new technologies and skills that many organizations have yet to master. A recurring theme in the IoT space is the immaturity of technologies and services and of the vendors providing them. Architecting for this immaturity and managing the risk it creates will be a key challenge for organizations exploiting the IoT. In many technology areas, lack of skills will also pose significant challenges.”
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HBR – How the Internet of Things Changes Business Models
Several years ago Gordon Hui, who leads the Business Design& Strategy practice at Smart Design, authored one of the earliest articles addressing the impact of IoT on existing business models. It is such a terrific point of reference for much of what we will discuss here, I wanted to share it in full.
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The Programmable World 