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IOT

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The half-life of a successful product or business strategy is shrinking, and the rate of change is accelerating, primarily due to increasingly complex and quickly changing customer demands. Succeeding in this new environment requires nimble, innovative and fast-moving businesses and factories. That means you need to continually change what you’re doing, even if it’s been successful so far. Because what worked in the past may not necessarily work in the future. Inflexible, traditional multiyear strategic…

It wasn’t too long ago that upon checking in for a flight, you would typically be asked, “have your belongings been in your control at all times and has anyone asked you to carry something for you?” Usually, most of us answer “Yes” to the first part and “No” to the second part of these questions. In the world of the Internet of Things (IoT), it is not always that simple. To be in control…

The appeal of the internet of things (IoT) remains strong for businesses. And while a great business idea is an essential initial component of your IoT strategy, an equally creative pricing and monetization strategy that customers understand is critical for success. Frequently, we see a cool business model “die” when it comes to pricing and monetizing the service. Why? Because the pricing strategy can’t work the way the business model was designed to work. This…

According IoT Analytics, there are over 17 Billion connected devices in the world as of 2018, with over 7 Billion of these “internet of things” (IoT) devices. The Internet of Things is the collection of those various sensors, devices, and other technologies that aren’t meant to directly interact with consumers, like phones or computers. Rather, IoT devices help provide information, control, and analytics to connect a world of hardware devices to each other and the greater internet. …

PaaS is a great business model for companies that want to extract value from IoT data Buying your first car comes with some pretty powerful life lessons. When I was 12, I started a lawn mowing business so I could purchase my own set of wheels the moment I turned 16. Some years later, I was the proud owner of a classic Chevrolet Caprice. My plan worked! As part of that process, I learned a few things: New cars lose value instantly, don’t be afraid to walk…

The appeal of the internet of things (IoT) remains strong for businesses. And while a great business idea is an essential initial component of your IoT strategy, an equally creative pricing and monetization strategy that customers understand is critical for success. Frequently, we see a cool business model “die” when it comes to pricing and monetizing the service. Why? Because the pricing strategy can’t work the way the business model was designed to work. This…

The internet of things (IoT) is one of the fastest-growing markets in a blazing technology marketplace. The ability to incorporate and analyze data from devices can be both a blessing and a curse. Data formats change at the speed of iterations, and the data volumes are growing with no end in sight. There’s only one place that IoT data can be managed and controlled: streams. Data streams process data as it is transmitted by combining…

Warnings that our IoT devices might be spying on us are nothing new—remember the smart speaker fiasco last year? But at least we expect those devices to be listening and can exercise some caution. The latest such warning, though, takes these risks to a new level. It turns out that there may be surprising little spies hiding in our living rooms. Last December, the FBI warned that the perilous state of IoT security means that “hackers can use an…

Being “modern” is important for both business and IT. Change is rampant in many areas of our lives due to the pandemic, economic fluctuations, evolving political leadership, and new directions for social norms. To adapt to change and to leverage change for business advantage, many enterprises are modernizing their business model, operations, processes, customer relations, and strategic plans. As a consequence, every aspect of IT is also modernizing, from IT infrastructure and operational applications to…

Life insurance giant MassMutual is exploring the use of health data from wearables to further refine its data science-created underwriting models. Your Apple Watch or your FitBit can tell you how many steps you’ve taken in a day, what your resting heart rate is, and a range of other measurements about your daily habits and how they contribute to your overall health. You can take this information and make positive changes to your habits. Or…