‘Data-Facturing’ in the IoT to lead to a complete overhaul of global production and its economics

Many experts believe that the development and incorporation of internet-connected sensors – constituting the Internet of Things (IoT) – will optimize the production, consumption and maintenance of all types of existing products and services.  But the IoT, in conjunction with so-called artificial or augmented intelligence (AI), creates an emergent and convergent industry of “data-facturing”, forced by data analytics intermediaries, which will lead to a complete overhaul of global production and its economics. Continue reading “‘Data-Facturing’ in the IoT to lead to a complete overhaul of global production and its economics”

Connected-Consumer Study Results Released by CABA

CABA, the Continental Automated Buildings Association, held a Web conference this week to present top-level results and conclusions of its new landmark study, “The Connected Consumer Roadmap –Driven by the Internet of Things.” The report was created for CABA by IHS, a global analyst research firm. The research was driven from a consumer survey of 1,036 residents in Canada and the United States, conducted in January 2015. It also was based on interviews with suppliers, service providers and other ecosystem players within the connected-home market. Continue reading “Connected-Consumer Study Results Released by CABA”

Reasons why companies continue to struggle with IoT

The Internet of things (IoT), the term used to describe the use of sensors and other Internet-connected devices to track and control physical objects, is opening up entirely new ways of doing business. However, the changing customer demands is challenging skill requirements and even the supplier landscape, thereby throwing up immense challenge to business leaders. Two recent studies detail why enterprises continue to struggle with IoT.

Researchers at the McKinsey Global Institute found that key IoT application – and they examined over 100 – could have a total economic impact of $3.9 trillion to $11.1 trillion per year in 2025. More than two-thirds of value will be generated in business-to-business settings and that business customers and consumers will likely capture more than 90% of the value created, they said. Continue reading “Reasons why companies continue to struggle with IoT”

Gartner’s 2015 Hype Cycle Special Report Reveals IoT Among Most Hyped Technologies

The journey to digital business continues as the key theme of Gartner, Inc.’s “Hype Cycle for Emerging Technologies, 2015.” New to the Hype Cycle this year is the emergence of technologies that support what Gartner defines as digital humanism — the notion that people are the central focus in the manifestation of digital businesses and digital workplaces.  Continue reading “Gartner’s 2015 Hype Cycle Special Report Reveals IoT Among Most Hyped Technologies”