Internet of Things – Tipping Point and Opportunities

IoT will have a huge impact in our life and, besides risks, it has also has benefit’s. IoT helps companies increase productivity, deploy new business models, reduce costs and support the development of new products and services.

Everyday more devices are connecting to the Internet. For example: cars, thermostats, home appliances, medical equipments, vending machines, water meters and building security. All these devices, and many others under current development, will transfer information between each other to facilitate our life (in theory).

IoT hardware infrastructure is based on cloud storage, data sensors, networks and this environment works with Apps and programs.

Let’s see some useful applications of this technology in daily life, considering for example two important locations: workplace and home.

In a smart factory, IoT improves the inventory management because the system manages independently the lack of supplies by sending an electronic purchase order to the supplier. Furthermore, it can determine quicker the level of production based on the sales at POS (Point of Sale). A smart device sends inputs to the drones for pickup and delivery of goods. In case of breakdown, the smart machine analyzes the issue and sends a request for maintenance (with an accurate report of problem) to the technician .

In a smart home, a central computer determines the actions for a “welcome home”  based on the settings. For example, it communicates with thermostat for the heating, switch on the oven or microwave with food ready for cooking in it, and switch on the lights on the porch. It recognizes your car and opens the garage for you, raises the window blinds and deactivates the alarm system. The sensors installed in rooms notice the person’s presence and switches on the lighting. A facility panel can summarize, for instance, the consumption status of water, electricity, gas and it shows the level of security.

These developments were possible due to various reasons, such as:  progress in computing, storage and analytics; increase of mobile devices usage and technology cost reduction.

I expect more usage of  IoT in coming years and it will be part of our daily life. This means that now the game to become leader in the sector is open. The market value was $655.8 billion in 2014 with a projection of $1.7 trillion in 2020 and a compound annual growth rate (CAGR) of 16.9% (souce IDC, http://www.idc.com/getdoc.jsp?containerId=prUS25658015).

More players will join this table, for example ones which build and sell appliances because now they have the opportunity to expand their business with IoT solutions.

Consumers will appreciate other benefit, for example improvement of energy efficiency, costs reduction (E.g. automation of work place), service improvement and management (e.g. healthcare system, transportation and purchase of goods and services).

I conclude saying that we are only at the beginning of this technology but IoT implementations are quite promising.

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4 Things You Should Know About Platforms

Steve-Jobs-iPhoneSteve Jobs didn’t want to build an app store.  As Walter Isaacson describes in his biography of Apple’s founder, the famously controlling Jobs was wary of the “bandwidth” needed to police a veritable army of third party developers. At first, he wouldn’t even discuss it.

Yet eventually, even Jobs had to relent and the App store has become an enormous success.  Last year, developers reaped $10 billion on the platform.  In fact, third party apps have become so central to the iPhone, it’s hard to imagine it without them.  Increasingly, products are becoming platforms.

It’s become kind of a Joy’s Law for the networked era—the best resources and capabilities always lie somewhere else.  So unless you can pull in people outside your company to improve your product, you’re going to be at a distinct disadvantage.  Yet for all the talk about platforms, there’s little guidance about what makes them tick.  Here’s what you need to know.

1. Bureaucracy Was The First Platform

Today, we see bureaucracy as a bad thing, something that’s oppressive and gums up the works, but it wasn’t always that way.  In fact, at one time it was a useful innovation to an emerging problem—the shift from cottage industries to large scale organizations.

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Application Developers realize your potential with IBM’s BlueMix

How IBM Plans To Help Reinvent The Modern Corporation

It’s no secret that big corporations aren’t what they used to be.  In recent years, we’ve seen industrial stalwarts such as General Motors, Kodak and Blockbuster go bankrupt even as upstarts like Tesla, Instagram and Netflix rocket forward.  The average lifespan of a company on the S&P 500 has fallen from more than 60 years to less than 20.

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