2015 will be remembered as the year of the Internet of things. The tipping point when IoT went from the back rooms of the technology world to become mainstream.
The consultancy McKinsey estimates that the Internet of Things – a world where up to 50 billion things (or devices) will be connected to the Internet – could create up to $11 trillion per year of new economic value to business and society. The term Internet of Things traces its origins to 1999, but it is only over the last year or so that the realization of its transformational potential has reached the business community and the general population. The number of research reports, conferences and media articles devoted to the topic has exploded. With the media making the connection between the smart home and the connected automobile IoT has begun to become part of the popular parlance.
In fact, a Google search for Internet of Things reveals 725 billion results.
Google Trends also reveals that Read More »
Tags: digital services, Enterprise IT, internet of things, IoT, smart home, telecom
Happy Disruptive New Year! As 2016 promises to unleash digital innovations across industries, let’s pause for a moment and ask ourselves: What are some of the common triggers of this disruptive transformation to digitize business and society?
Three that immediately spring to my mind are: the Internet of Things (IoT), Robotics and Drones. On the surface, they all appear to be different dimensions of the upcoming technology revolution, but the moment we dig deeper, we discover a fascinating connection. They are all triggers or change agents for digital transformation through their connection with the Internet.
That was precisely the core idea behind last month’s RoboUniverse conference in San Diego: Robots, Drones, and The Internet of Everything. It was an honor to speak and share deeper thoughts on this subject during one of the sessions along with Daniel Obodovski, renowned author of an IoT book: The Silent Intelligence.
If we analyze historical facts, only about 12% (61 out of 500) of Fortune 500 companies in 1995 were still around in 2014. Today, 40% of the companies on the Fortune 500 list will either not exist or become irrelevant in the next decade. Professor Richard Foster from Yale University estimates that by 2020, more than three-quarters of the S&P 500 will be companies that we have not heard of yet. Another proof of today’s accelerated pace of change is the fact that “the average lifespan of a company in the S&P 500 index has decreased by more than 50 years in the last century, from 67 years in the 1920s to just 20 years today,” according to Professor Foster’s BBC Business Interview in 2012. Read More »
Tags: Biren Gandhi, Digital transformation, drones, internet of things, IoT, robotics
Machinery, supply chains, and raw materials have always been core concerns in manufacturing. Today, another asset is just as critical — data.
General Electric Chairman and CEO Jeffrey Immelt said it well: “The industrial world is changing dramatically, and those companies that make the best use of data will be the most successful.”
I certainly agree. If manufacturers want to gain the agility, innovation, and hyper-awareness needed to compete and win, they must start thinking like technology companies. That means leveraging data — and the real-time insights derived through analytics — in impactful new ways.
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Tags: 3D printing, analytics, asset utilization, cloud, computer numeric control, connected machines, connected supply chain, cpg, end users, industrial machine builders, internet of things, IoT, machine as a service, Manufacturing, OEE, overall equipment effectiveness, plant efficiency, predictive maintenance, quality control, remote maintenance, rfid, robotics, servitization, thought leadership
I just recently returned from the Internet of Things World Forum (IoTWF) in Dubai. This was the third annual IoTWF, which has quickly become the premiere event showcasing innovations and opportunities made possible by the Internet of Things. I was dazzled and a bit dizzied by all the activities at this exciting three-day event.
The agenda was chock-full of breakout sessions, case studies and expert talks on how IoT is changing the way companies and cities do business. In addition to networking and connecting with peers, partners, and customers, the Forum provided a great opportunity to join the world’s leading technology researchers to discuss new frontiers of IoT research. A fitting end to this incredible event was a closing keynote delivered by Executive Chairman John Chambers, who provided invaluable insights, observations, and a vision for IoT.
With 2400 attendees, the guest list included industry titans such as 3M, IBM, Intel, GE, Rockwell, Accenture, Siemens and many others, as well as startups and other significant IoT stakeholders.
The theme of the Forum was “A New World,” with day one focused on Awakening; day two focused on Activating; and day three focused on Accelerating. For a limited time, you can view many of the keynote presentations on the IoTWF website. Read More »
Tags: Digital transformation, digitization, internet of things, IoT, IoTWF, Tony Shakib
Having spent several days last week at the Internet of Things World Forum in Dubai, I am more convinced than ever that the Internet of Things (IoT) is not some hyped-up futuristic vision of what could be, but a present-day reality that is transforming businesses and industries here and now.
In this blog series over the past six months, I have touched on many of the technology and business factors to consider while planning an Internet of Things (IoT) deployment—from access technologies to emerging standards and the convergence of IT and organizational technology (OT) . I spent three blogs discussing fog computing, analytics, and applications, and was happy to be part of the announcement of the OpenFog Consortium last month. All of this focus on IoT culminated last week, when the IoT World Forum highlighted both well-established IoT solutions and numerous IoT startups that are gearing up to change the future.
Successful IoT deployments integrate operational control systems with enterprise information systems for greater visibility, efficiency, and security.
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Tags: Anglo Platinum, BC Hydro, Beneteler, Cisco, Fanuc, Fog computing, internet of things, Internet of Things World Forum, IoT, Maciej Kranz, OpenFog Consortium