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Summary: IoT: Realizing Business Value through Platforms, Data Analytics & Visualization

Over the past few years of being immersed in the Internet of Things (IoT), I have found that customers have very specific problems they are trying to solve; e.g. gaining energy efficiency, early fault detection or remote diagnosis and maintenance of equipment. Decisions are driven by the need to reduce Operational Expenditure (OPEX) and save on Capital Expenditure (CAPEX).

With all the data generated from IoT devices, having strong analytics and visualization capabilities can help in making accurate decisions and taking timely action thus achieving these critical business objectives. Of course, while this sounds appealing, it’s not quite that simple. In order to achieve meaningful value through reductions in OPEX and/or CAPEX, we need to effectively address data collection, analytics, visualization and control. Absent those essential elements, we are not able to harness the power of the IoT.

Read the full article Internet of Things: Realizing Business Value through Platforms, Data Analytics & Visualization on LinkenIn.

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IoT World Forum

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.

Tony Shakib IOTWF Blog_1217The 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 »

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The Internet of Things: Hype or Reality?

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.

Successful IoT deployments integrate operational control systems with enterprise information systems for greater visibility, efficiency, and security.

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Trends for Data & Analytics

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One of my favorite things to do is to talk to Cisco customers, partners and industry analysts about common trends they are seeing in their business and the overall market. We look at trends similarly to why we conduct analytics, not only to see what is happening now but to also help predict what will happen next. This ability to “see around the corner” helps us be more agile as we adjust data and analytics strategies, and therefore our business.

As we head into 2016, today I’d like to share a few the top trends I consistently see and hear about data and analytics.

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A Defining Moment for IoT and Digitization

In the next few years we will reflect on the third annual Internet of Things World Forum (IoTWF) this week and realize that 2015 was the inflection point for the Internet of Things (IoT) and digitization. Leaders from around the world convened in Dubai this week, all witnessed real solutions that are now fundamentally changing the way we will live and do business. It’s a dramatic change that will touch everyone.

Digital transformation – the connection of cities, companies, and countries to the Internet – has emerged as the most transformative means to ignite sustainable growth and improve society. Those countries and companies that get ahead and embrace the digital transformation will uncover limitless possibilities to drive innovation, growth and jobs of the future.

However, only 1 in 4 leaders* say they are being sufficiently proactive about digitization. And while 75% of businesses will become digital by 2020, only 30% of digitization efforts will be successful. The number one reason companies don’t succeed? They fail to innovate or reinvent. Those that don’t will be left behind.

It is fitting that this defining moment in the future of digitization is taking place here, in the Middle East. My discussions with its leaders on the future of the digital and the global landscape have only strengthened my admiration for their visionary approach but also the speed of change that comes through aligning all government smart initiatives together under one smart-city ambition.

His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision for Dubai to be the ‘Smartest City in the World by 2017’ is well under way. Sensors embedded throughout the city will connect everything from utilities to urban transportation, from entertainment to energy, and from policing to politics. All of it developed to improve the lives of citizens, reduce energy consumption and to capture the potential added value of US$ 4.87 billion (AED 17.9 billion) by 2019.

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