Welcome to this new blog, where I endeavor to find some of the most interesting articles relating to IoT that I have come across in the past few weeks, and pull them together in an easily digestible form for you…
First up our friends and partners at ARM sponsored a global survey by the Economist's Intelligence Unit of 779 business executives from 19 different industries. The result of which is that “a mere 6% of business leaders believe that the idea of IoT is simply hype”, and that the Internet of Things (IoT) is an idea that has finally come, with the result that the business community is beginning to look seriously at the IoT.
Leading the charge in terms of industries according to the Economist’s IoT business index for internal operations and process is Manufacturing followed by Construction with external products and services being led by the IT and technology sector. 95% of respondents believe IoT will have a significant impact in the next three years, and 75% of businesses surveyed were already exploring the space.
Within the survey, they also include the top 5 actions companies are taking to increase IoT usage the top responses were:
• Learning from the successes or failures of early movers
• Seeking advice from third party experts/consultants
• Training existing staff to work with the IoT
• Hiring talent with IoT capabilities
• Conducting or sponsoring research to establish market size/demand
To read the top 5 obstacles, you’re going to have to check out the report itself.
Next on my list for you to review is a paper from Harbor Research on the IoT Impact on Diversified Industrial Manufacturers. In this paper (called a storyboard) Alex Glaser of Harbor Research many businesses that have moved to smart remote services programs utilize less than 10% of the data value that is being collected, and that the programs focus primarily on services delivery efficiencies. Alan goes on to say that as machine-to-machine systems and technologies evolve from the “simple” monitoring applications and related tracking/location of today that a lot of manufacturers are using today, future development will be focused on collaboration between devices, people and systems. Along with this, the opportunities that can be opened up to forward thinking product and service organizations are nearly infinite, and businesses can begin to explore many new possibilities for system solutions unthinkable just a few years ago.
All of that goes along nicely with Axeda’s own Connected Product Maturity Model whitepaper, where we explain how companies can leverage the data and intelligence from connected products to create smart business processes that will transform their businesses and drive improvements in efficiencies and effectiveness, and then move up the value chain to change the customer experience and to differentiate their offerings.
Third on the list worthy of review was a column in Fast Company. With the Internet of Things changing the way companies built products, interact with customers, and run their business , four experts in the IoT space were asked to talk about how to have the best shot at bringing a successful product to market, with the answers to their questions providing a roadmap to ensuring your connected device will be well received.
Fourth to take a look at this week is a blog by Cisco executive Wim Elfrink. Wim is Cisco’s Executive Vice President, Industry Solutions & Chief Globalization Officer, and he recently participated in two smart city forums, one in Hamburg, and one in Amsterdam, and while in those cities, he saw validation that IoT adoption is spreading to those mature cities as well as to new greenfield metropolises such as Songdo in South Korea.
HafenCity, Hamburg’s innovative, award-winning “city within a city” has 163 acres of newly intertwined residences, shops, restaurants, offices, parks and canals, which will evolve into an IoT showcase for the 21st century. In the centuries-old city of Amsterdam Wim tells us that there is already an installed IoT base to improve sustainable working/living, public spaces and mobility, they are exploring new LED-connected street lighting.
Finally for this post, I’d like to draw your attention to an article written by Christopher Mimms on Quartz which is the first in a series, where he tells us that 2014 will be the Year of the Internet of Things. You probably heard the same for 2012 and 2013 – but next year will be different. Why? Because devices are getting cheaper, and tech titans are focused on making the industry explode.