A big shout out to our guests for the #twitterchat #STinsights pic.twitter.com/X8MMyG5YzS
— CDO Straight Talk (@CDOStraightTalk) July 26, 2017
Here's one of the definitions for #InternetofThings #IoT: #STinsights pic.twitter.com/wMRShzOrbF
— CDO Straight Talk (@CDOStraightTalk) July 26, 2017
Kicking things off with the top-line impact…
We are going live with the #tweetchat. Here's the 1st question. #STinsights #IoT pic.twitter.com/apriF6xZFK
— CDO Straight Talk (@CDOStraightTalk) July 26, 2017
IoT can connect businesses to customers, and more…
A1 #IOT real-time data across connected devices fosters new service driven revenue models combined with supply chain efficiency #STinsights
— Sally Eaves (@sallyeaves) July 26, 2017
A1: #IOT can give you deeper insights into your op processes for
— Theo (@tprstly) July 26, 2017
one, real-time info gives efficiency and productivity opps #STinsights
A1: #IoT provides insights that lead to strong customer engagements and relationships. #STinsights https://t.co/lhs7J9GGgr
— Tim Crawford (@tcrawford) July 26, 2017
A1: #IoT is an ideal vehicle for revenue growth, including:
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
a) value capture
b) value creation
1/3 #STinsights
Good #HBR view... pic.twitter.com/QY5MnXxIz0
A1: #IoT revenue growth is driven by its business models
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
a) device sales
b) subscriptions
c) pay-per-use
d) metering
2/3 #STinsights
A1: Revenue growth does require investing in an #IoT ecosystem,
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
either building your own or
building on someone else's.
3/3 #STinsights
I question the merits of DIY approach, the risk I believe outweighs using an existing platform. Focus on customer not the tech.#STinsights https://t.co/p1Da8OCwbi
— Mark Orsborn (@MarkOrsborn) July 26, 2017
A1. Many levers of #IoT revenue growth! #stinsights pic.twitter.com/DEBXlWURrV
— Evan Kirstel is at #MWC18! (@evankirstel) July 26, 2017
A1: #IoT can enable new channel dynamics through manufacturings being better able to serve customers and their dealers/partners #STinsights https://t.co/TQx3CMH9N9
— Mark Orsborn (@MarkOrsborn) July 26, 2017
But more connections means more vulnerabilities…
Great response all :) Time to put our second question. Join the conversation using #STinsights #IoT pic.twitter.com/a9AvNiOpN3
— CDO Straight Talk (@CDOStraightTalk) July 26, 2017
Security standards are the key to protecting the networks of the future.
A2: The Internet is still not secure, we can’t expect IoT to be secure security is constantly evolving to meet new challenges #STinsights https://t.co/gKt2zln4Lz
— Mark Orsborn (@MarkOrsborn) July 26, 2017
The reality is that we may never have truly secure #IOT ecosystem
— Theo (@tprstly) July 26, 2017
because of thousands of device OEMs and lack of standards #STinsights
That's a risk the industry hopefully doesn't need to face. #Cybersecurity could be the Achilles Heel of #IoT. Doesn't have to be #STinsights
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
Enterprises must take a proactive approach to #IoT security, constructing fresh security frameworks at a #cyber & physical level #STinsights
— Sukamal Banerjee (@Sukamal_B) July 26, 2017
A2 - Security is paramount- #cybersecurity is not a retrofit or balancing act #MachineLearning and #AI can play a key role here #STinsights
— Sally Eaves (@sallyeaves) July 26, 2017
The likelihood is that security may well eat into a revenue stream in the short-term before becoming a profitable business model #STinsights
— Theo (@tprstly) July 26, 2017
A2: Security will always be a challenge. Work with best in class vendors across all layers. #STinsights https://t.co/gKt2zln4Lz
— Mark Orsborn (@MarkOrsborn) July 26, 2017
A2: Put simply, #cybersecurity can't be an afterthought in #IoT, but core to its value proposition, acceptance, + user adoption. #STinsights
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
Govt, Academia, Enterprises need to collaborate & respond rapidly with measured force to build robust security measures, #infra #STinsights
— Sukamal Banerjee (@Sukamal_B) July 26, 2017
Billions of sensors means an exponential rise in data.
Keep the questions coming! Here’s our third question for the forum. Join the conversation using #STinsights #IoT pic.twitter.com/YpAnIufecE
— CDO Straight Talk (@CDOStraightTalk) July 26, 2017
AI and machine learning may hold the key.
A3: Data volume will be existential challenge to #IoT.
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
Solutions:
design
#bigdata #tech
#stream processing
#edgecomputing#STinsights
A3:I see the edge taking over a larger portion of the data processing. Understanding what to process and where is key. #STinsights https://t.co/T3c84gnaI8
— Mark Orsborn (@MarkOrsborn) July 26, 2017
Effective IoT data analytics will hinge on better #IT infra: #datacenters, servers, and #cloud computing #STinsightshttps://t.co/7ZROKVvxRN
— Sukamal Banerjee (@Sukamal_B) July 26, 2017
A3) Build a system to Analyze, control, monitor #IoT data to yield insights #STinsights #BigData #analytics pic.twitter.com/4TWCxesxz1
— Evan Kirstel is at #MWC18! (@evankirstel) July 26, 2017
#IOT and #AI are inseparable now #STinsights https://t.co/X7290vNflh
— Theo (@tprstly) July 26, 2017
A3. Machine learning will be a large part of getting through the data deluge (and a lot of data scientists) #STinsights
— Brian Katz (@bmkatz) July 26, 2017
A3: Important to think bout the Data Deluge. Here are my thoughts in more detail: https://t.co/XCV8lrm9FA #STinsights https://t.co/IbtywHnidP
— Tim Crawford (@tcrawford) July 26, 2017
But surely, enterprises can wait and see, right? Right?
It’s been such an insightful session. Here’s our fourth question. Join the conversation using #STinsights #IoT pic.twitter.com/6wgCTsM4LD
— CDO Straight Talk (@CDOStraightTalk) July 26, 2017
Hesitation will leave the timid eating dust.
We are moving faster towards edge computing, or ambient computing; every
— Theo (@tprstly) July 26, 2017
device can ‘think’ for itself with machine learning #STinsights
Absolutely! The right time is now! 50% of enterprises are already behind the curve on #IoT adoption; Don't be a lagger #STinsights
— Sukamal Banerjee (@Sukamal_B) July 26, 2017
Yes demands the right perspective on optimising & managing infrastructure with #IoT in mind - not a bolt on, simple upgrade or silo thinking
— Sally Eaves (@sallyeaves) July 26, 2017
A4: Think customer first. Ensure your project has measurable outcomes e.g. increased sales, faster service etc. #STinsights https://t.co/4O18pGLJAl
— Mark Orsborn (@MarkOrsborn) July 26, 2017
A4: Most orgs should be investing in #ioT already, though not too late to start. It's next big #tech gen + can't be missed. #STinsights 1/2
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
A4: Top #IoT adoption success factors:
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
- High value use case(s)
- Great #UX
- Network effect
- Competitive cost point#STinsights 2/2
If there are problems that need solving then now. Start small, be agile, connect to a P&L for accountability. #STinsights https://t.co/4O18pGLJAl
— Mark Orsborn (@MarkOrsborn) July 26, 2017
Leverage system integrators like @hcltech to integrate these technologies. Work with a partner that understands your IT/OT needs #Stinsights
— Sukamal Banerjee (@Sukamal_B) July 26, 2017
Global tech needs global standards, so what’s the hold-up?
Our final official question to the panel: Keep shooting your questions using #STinsights #IoT pic.twitter.com/DinaU29ObA
— CDO Straight Talk (@CDOStraightTalk) July 26, 2017
The road to standardization is longer than we think.
. The #Visa & #Intel example re building #Security standard for the #IoT is one to watch - a focus on baking in #authentication #STinsights
— Sally Eaves (@sallyeaves) July 26, 2017
A5: This is a messy area indeed! #STinsightshttps://t.co/ImcFHxQnBZ pic.twitter.com/tEFoqJbz2q
— Theo (@tprstly) July 26, 2017
Smarthome devices are one of those examples, like the Philips Hue firmware debacle last year. Much to do here! #STinsights
— Theo (@tprstly) July 26, 2017
We are still working on common use-cases in specific industries. It will take a while for connectivity standards to develop. #STinsights https://t.co/4fBCjlsFXX
— Tim Crawford (@tcrawford) July 26, 2017
A5: I don't see any great standards convergence yet, I do see translation layers appearing to take them and convert them though.#STinsights https://t.co/CsKvvxy8rw
— Mark Orsborn (@MarkOrsborn) July 26, 2017
Miles before we sleep! Need to build a solid foundation of standards that safeguard our #data in a digitally connected world #STinsights
— Sukamal Banerjee (@Sukamal_B) July 26, 2017
The problem is larger than standards; devices makers are still creating proprietary solutions that aren’t easy to work with. #STinsights
— Theo (@tprstly) July 26, 2017
There are certainly proprietary plays that can be successful with #IoT. I just hope they aren't very, for industry's sake. #STinsights
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
A5: As to #IoT standards, there's lots of activity, and we're doing better but it's a journey, not a destination. #STinsights pic.twitter.com/7CRWPrBOfv
— Dion Hinchcliffe (@dhinchcliffe) July 26, 2017
#5G will really be the starting point for a usable connectivity standard in #IoT because standards new a #ROI for adoption #STinsights https://t.co/OhspKWy3FZ
— Karl Smith (@UserExperienceU) July 26, 2017
Until next time…
Looking forward to more engaging #STinsights twitter chats on the latest in technology. A big thank you to everyone who joined! pic.twitter.com/BGFE6RvorN
— CIO Straight Talk (@CIOStraightTalk) July 26, 2017