‘Tis the season to shop and to make resolutions for the coming year. I’m doing a fair bit of both, inspired by the many Internet of Everything (IoE) products that are popping up everywhere. And while it’s the season of giving, I’m also finding plenty of things I wouldn’t mind getting myself. According to the National Retail Federation, I’m not alone. “Self gifting” makes up almost a third of all holiday shopping.
IoE is about things connecting to the Internet, millions of things. It’s about turning the data they collect into information we can act on or respond to. Cisco defines IoE as bringing together people, process, data, and things to make networked connections more relevant and valuable than ever before. Read More »
Tags: connected products, Internet of Everything, IoE, retail
Recently, the Economist highlighted the shift from government funded models to private funded models for R & D. As we know, R&D serves as the font of new ideas and leads to mass transformation of industries. Concepts such as the internet and satellite communications resulted in part from publicly funded R&D.
This is a real change for leading corporations. This puts more pressure on manufacturing companies to find and leverage key technologies to deliver new products and compete. Most manufacturing companies focus on core capabilities. They typically licensed or purchased technologies that enabled continued operation. But these were not partnerships. This could be very effective for a ‘fast follower’ company. Innovative companies have typically used a range of R & D funding sources, especially internal, to fuel innovation.
But the rules are changing! New industries are emerging that require a new strategic approach to R&D and innovation. Companies that do not adapt will be disrupted. Read More »
Tags: Cisco, connected products, Disruption, ecosystem, IBSG, Manufacturing, R & D, technology