If you follow me on Twitter (@rowantrollope) you might have followed along this past Christmas as, home with the family, I started writing some code and building some hardware devices to connect more of the things around my house. After all, these days anything can be a smart device; from a toaster that delivers perfectly browned slices to a Christmas tree that automatically waters itself, the ideas are endless.
As a hacker at home, writing some simple code or building a connected hardware device is easy with today’s software and hardware platforms. But moving from a side project at home to building a business is quite another matter. How do you collect and analyze data from these connected devices, scale to manage more and more connected devices, and eventually find a way to monetize your connected devices? In other words, how do you turn a good idea into a great IoT business?
That’s why I’m so excited by yesterday’s news about our intent to acquire Jasper. Jasper’s approach is unique because it is so simple – they manage connectivity of IoT services for any device, from connected cars to connected printers, all through the cloud. It’s not just about connecting devices, but helping our customers to collect data, act on that data and deliver services to their end customers based on that data. Read More »
Last month, at Cisco’s Internet of Things (IoT) World Forum in Dubai, I had the opportunity to lead a panel discussion on IoT Analytics with a group of my industry peers – each who play a different role within the space. Together, we discussed the unique opportunities and challenges of doing analytics in an IoT environment, as well as what the future holds.
During our panel, a key theme really stood out. The IoT is an area in which there is an impressive amount of industry collaboration among customers and vendors. There isn’t one vendor who can address all IoT challenges with one solution. This is exactly why events like IoT World Forum are so valuable. It brings together collective thinkers in an effort to address collective challenges.
IoT is a great example of a hyper-distributed data environment, meaning that massive amounts of data are being created and in very distributed way. In these types of environments, challenges arise with collecting, storing and analyzing data that can’t be solved with traditional solutions that rely on data to be in a central location before it can be used to derive meaningful insight. To do this in an IoT environment the strategy needs to be reverse engineered; it requires a new approach and the capability to capture, store and analyze data in the place where it is actively created.
We are embarking on a new technological journey that will fundamentally change forever the economy, society and the way that we live. The Internet of Things (IoT) is a world where up to 50 billion things (or devices) will be connected to the Internet by 2020; or, the equivalent of 6 devices for every person on the planet.
The clear winners in this revolution will be those companies that, not only embrace the Internet of Things, but use it to transform their businesses. Those winning companies will be the ones that integrate IoT into their operations, products and customer interactions to create new business models and sources of value. In fact, McKinsey estimates that there could be as much as $11 trillion per year by 2025 in new economic value created by adopting IoT.
A new year- and time for new initiatives and a chance to fast start your competitiveness as a manufacturer. According to our recent Manufacturing Thought Leadership Study, digital manufacturers who have connected their factories and production facilities are driving up to 19% more profits (over 10 years) than their ‘unconnected’ counterparts.
What are some of the issues holding manufacturers back from undertaking networking and automation, wireless or security initiatives in their factories? Many have told me it is not inertia or budget, but sometimes being overwhelmed and unsure of where to start. In today’s typical factory , there are so many “things” to connect (including machines, robots, sensors and more) as well as processes to allow manufacturers to reap benefits and address challenges that more traditional models and operating practices were not able to do. The challenge is identifying and prioritizing what area to tackle first.
We all know that major gains in overall equipment effectiveness (OEE), reduced downtime, and manufacturing flexibility can be achieved with a factory that is digitized and connected. By providing visibility to machines and processes, Read More »
Technology innovations fueling the mass digitization of countries, cities and companies are reignited today with the highly anticipated opening of Cisco Innovation Centre Toronto – the first in North America and ninth worldwide.
Yes, the opening created a Big Bang in our expanding universe of Innovation Centers made possible by the Internet of Things (IoT). Toronto – North America’s fourth largest city – is the perfect catalyst for innovation.
Why? There are multiple calculations, proof points and experiences that help determine the right hubs for incubating, co-creating and prototyping innovations that can be applied locally and scaled globally. All the complex ingredients seem to converge quite neatly in Toronto.