WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Curated by Farid Mheir
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The Internet of Things may transform our lives or even spell the end of Capitalism. In any case it requires a new business mindset - Ecosystem Thinking #IOT

The Internet of Things may transform our lives or even spell the end of Capitalism. In any case it requires a new business mindset - Ecosystem Thinking #IOT | WHY IT MATTERS: Digital Transformation | Scoop.it

The notion of value creation and capture is a core component of business and the models that drive it. While historically viewed with a traditional product mindset, several emerging forces will alter this basic tenet of business.

Farid Mheir's insight:

WHY IT MATTERS: always good to remind ourselves that IOT means more than connecting devices to the Internet: it opens up and new way of thinking where everything we use is part of a digital ecosystem.

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Gartner's Hype Cycle for Emerging Technologies should guide your next #strategicPlan priorities

Gartner's Hype Cycle for Emerging Technologies should guide your next #strategicPlan priorities | WHY IT MATTERS: Digital Transformation | Scoop.it

The Hype Cycle for Emerging Technologies provides insights gained from evaluating more than 2,000 technologies. The eight added in 2017 include 5G, Artificial General Intelligence, Deep Learning, Deep Reinforcement Learning, Digital Twin, Edge Computing, Serverless PaaS and Cognitive Computing.

Farid Mheir's insight:

WHY THIS MATTERS

I find most of my clients struggling to find time and money to implement technologies that have been around for more than 10 years: Internet, Big Data, mobility, cloud computing, etc. When they do make it to implement them in their organizations, it is often too little too late to make a difference with their competition. As Wayne Gretsky famously said, you should "skate to where the puck will be, not where it is". Thus, every company's strategy should have a clear view on AI, blockchain, robots, 3D printing, Internet of Things, etc. Does your strat plan include them?

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Top #Technologies for #Digital #Disruption hints that CIOs should act more like #VentureCapitalists

Top #Technologies for #Digital #Disruption hints that CIOs should act more like #VentureCapitalists | WHY IT MATTERS: Digital Transformation | Scoop.it

Forrester says that CIOs must act as VCs and recommends they support early-stage tech companies and have their own technology scouts. As CIO Angela Yochem told me in 2015, she has set up a process to find “capabilities that are not yet commercially available” and “quickly absorb, test, and utilize emerging technologies, and discard them if they are not appropriate and don’t give us a leg up on our competition.”

Farid Mheir's insight:

WHY IT MATTERS

Forrester has recently produced a matrix of disruptive technologies that is worth sharing. More important is the article conclusion where Forrester recommends that cIO act as Venture Capitalists to actively scout new technologies and companies to leverage this innovation for improved competitiveness. This is a radical departure form traditional IT roles and responsibilities which I believe has important benefits in large organizations where All eyes are on the CIO to lead the digital transformation. Unfortunately we are a long way away from this in most organizations.

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Your #heart can be #hacked: FDA recalls half-a-million pacemakers over hacking fears

Your #heart can be #hacked: FDA recalls half-a-million pacemakers over hacking fears | WHY IT MATTERS: Digital Transformation | Scoop.it

Turns out former Vice President (and erratic shooter) Dick Cheney was right all along: Your heart can be hacked. At least if you have a pacemaker, that is. On Tuesday, the FDA recalled 465,000 of the medical devices -- the ones that help control your heart beat -- citing security vulnerabilities. The pacemakers, which come from health company Abbott (formerly St. Jude Medical), require a firmware update. Fortunately, it can be installed by a health care provider in just three minutes.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Was just a question of time before it happened. Everything is connected and the trend is clear that nothing will escape the insertion of software into all kinds of devices. You have to know which ones are safe and which ones are not.

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THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world

THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world | WHY IT MATTERS: Digital Transformation | Scoop.it

The Internet of Things moves mainstream and continues to see rapid growth and development. The report lists

  • What is the Internet of Things? Definition, Industries and Companies
  • IoT Ecosystem - Forecasts and Business Opportunities
  • IoT Market Size, Share & Growth Forecasts
  • IoT Trends, Growth & Predictions
  • IoT Devices, Applications & Examples
  • Top IoT Companies to Watch & Invest In
  • IoT Wearable Devices & Technology
  • How IoT Will Affect Security
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Looks like we soon will have Internet in every device we own. That's the Internet of Things. This reports provides a good overview of the market, the trends but also the possible uses for these devices. Must have in every business digital strategy.

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New report confirms #InternetOfThings #BigData #MachineLearning Will Revolutionize Retail via @Forbes 

New report confirms #InternetOfThings #BigData #MachineLearning Will Revolutionize Retail via @Forbes  | WHY IT MATTERS: Digital Transformation | Scoop.it
  • 70% of retail decision makers globally are ready to adopt the Internet of Things to improve customer experiences.
  • 73% of retailers rate managing big data as important or business-critical to their operations.
  • 78% of retailers say it is important or business-critical to integrate e-commerce and in-store experiences, so an omnichannel experience is delivered to every customer.
  • 87% of retailers will deploy mobile point-of-sale (MPOS) devices by 2021, enabling them to scan and accept credit or debit payments anywhere in the store.
  • 90% of retailers will implement buy online, pickup in store by 2021.

 

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Based on a detailed report, this article provides a chockful of stats about investments in certain technologies. Although based on a survey, it confirms certain trends that are widely accepted - so there should be no surprises for readers of this blog.

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GE + Sight Machine are revolutionizing the #manufacturing industry by mirroring every machine in digital world 

GE + Sight Machine are revolutionizing the #manufacturing industry by mirroring every machine in digital world  | WHY IT MATTERS: Digital Transformation | Scoop.it
The concept of the digital twin contains a trap. When we think of a twin, we think of a copy of an individual. In the digital world, we often think of a copy of an individual device – a physical replica of conveyor belt or radar. The trap is that we limit the scope of twindom and think too small.
Farid Mheir's insight:

This concept of digital twins in the manufacturing world should not be confused with the concept of human digital twins.

http://fmcs.digital/blog/digital-twin/

Here, GE is mirroring digitally everything that a machine is doing, and Sight Machine is pushing the concept forward by mirroring entire manufacturing floors.

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#RFID chips are being inserted into products but should they also be inserted in people? via @forbes @competia

#RFID chips are being inserted into products but should they also be inserted in people? via @forbes @competia | WHY IT MATTERS: Digital Transformation | Scoop.it

The practical appeal of an RFID implant, in theory, is quick authentication that’s faster, cheaper and more reliable than other biometrics like thumbprints or facial scans. When the chip is hit with a radio frequency signal, it emits a unique identifier number that functions like a long, unguessable password. Implantees like Andrew imagine the ability to unclutter their pockets of keys and keycards and instead access their cars, computers, and homes with with a mere wave of the hand.

Farid Mheir's insight:

Recent announcements of fully automated, no cash register no lineups Amazon stores, have made the use of RFID chips and other digital identification techniques the topic of discussion again.

 

WHY THIS IS IMPORTANT

Digital transformation requires bridging the physical world with the digital one. One of the simplest way to do so is to attached radio frequency beacons (RFID chips) to products so that you can detect their presence and make inventory management and checkout faster, easier and more accurate. Pushing this idea forward of course means that humans too should be tagged to help identify them in the digital world. Not only does this open a see of useful application - unlocking doors without a key, tracking location inside a building, removing the need for password - it also raises concerns about privacy and identity management. Fun times ahead!

 

Amazon GO: http://fmcs.digital/blog/amazon-go-no-registers-no-cash-no-lines-retail-store-digital-transformation-huge-leap-forward/

Retail location tagging: http://sco.lt/6yVDqz 

Décathlon connected products and self checkout: http://www.force-ouvriere.fr/chez-decathlon-85-des-produits-sont-connectes?lang=fr 

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Digital #Disruption in #Telecos is still to come- discussion may apply to many other industries @DirkRohweder

Digital #Disruption in #Telecos is still to come- discussion may apply to many other industries @DirkRohweder | WHY IT MATTERS: Digital Transformation | Scoop.it

I recently had the pleasure to meet Pilgrim Beart now the CEO of devicepilot at a TM Forum workshop about the Internet of Everything (IoE) business models and monetization. He shared his story about alert.me an early connected home start up founded in 2006 that was sold in 2015 to British Gas for 100 million €.

He said that they were in intensive discussion with three industries: utilities, retail (DIY chains) and Telcos, as he felt for all three of them there was a huge potential to build a platform on top of their core business. Despite trialing and piloting with all three industries only the efforts with Telcos never led to any real-life implementations.

Farid Mheir's insight:

A very interesting article on the changes that could happen in the telecom industry with the evolution towards Internet of Things and 5G technologies.

 

WHY THIS IS IMPORTANT

The paper highlights many important questions and decisions that players in the telecommunication industry must answer. I argue that similar questions must also be had in other industries, such as in Retail for example. 

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Arduino unleashes a serious #InternetofThings #IoT system for hardware hackers- Mindstorms on steroids? via @Wuxia

Arduino unleashes a serious #InternetofThings #IoT system for hardware hackers- Mindstorms on steroids? via @Wuxia | WHY IT MATTERS: Digital Transformation | Scoop.it

Now anyone can make cool hardware and, thanks to Arduino, it is easier than ever to connect your devices to the Internet and take in data from the outside world. The ESLOV IoT Invention Kit is an official Arduino product that adds Internet of Things capabilities to your hardware products. Trying to build a connected fridge to beat Samsung? Go for it with the ESLOV. Want to knock Sony off its perch? Try popping an ESLOV unit onto your Arduino board and take on major manufacturers from your living room.

Farid Mheir's insight:

Describes a new set of hardware components to build IoT solutions.

 

WHY THIS IS IMPORTANT

It is with hardware devices like these that the penetration of digital in our daily lives will grow. In recent years, we've seen Arduino, Raspberry Pi and other hardware toolkits that simplify the prototyping and innovation to move the web, sensors, cameras, and other digital devices that bridge the real world with virtual one.

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Application that monitors your food pantry #IoT #DiY

Application that monitors your food pantry #IoT #DiY | WHY IT MATTERS: Digital Transformation | Scoop.it
This is the second and concluding part of the earlier post where we presented a “Internet of Things” project idea around tracking kitchen food inventory. We discussed the benefits and use cases of this application from a restaurant’s point of view and presented a gist of the the project setup and components. Now it’s time to discuss the detailed hardware, software setup and the complete functionality of the system. More...
Farid Mheir's insight:

A very geeky weekend project that has a multitude of real-world applications in manufacturing, distribution, logistics, etc. IBm describes how they have designed and built a food pantry inventory tracking system based on internet of things tools and solutions.

Riya Malhotra's curator insight, June 8, 2016 5:37 AM
Share your insight
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Google to control your house with its "Works with Nest" project

Google to control your house with its "Works with Nest" project | WHY IT MATTERS: Digital Transformation | Scoop.it
What's most intriguing about the Nest Thermostat is how it's become the center of a connected home ecosystem.
Farid Mheir's insight:

Google acquired Nest, the manufacturer of smart thermostats. Its "Works with Nest" initiative has defined a solution that can soon see Google in charge of your whole home automation.

 

This is a good thing as smart devices should be connected and the possibilities that this networking offers are amazing (see the other articles for certain use cases that will soon be possible).

 

As with other Internet of Things improvements, security and information privacy must be front and center.

 

See also

http://www.appcessories.co.uk/works-with-nest-best-compatible-devices/

http://www.wired.com/2015/10/nest-embraces-good-ol-yale-locks-make-smart-homes-smarter/

 

Buzzy Bee's curator insight, March 31, 2016 4:22 PM

Google acquired Nest, the manufacturer of smart thermostats. Its "Works with Nest" initiative has defined a solution that can soon see Google in charge of your whole home automation.

 

This is a good thing as smart devices should be connected and the possibilities that this networking offers are amazing (see the other articles for certain use cases that will soon be possible).

 

As with other Internet of Things improvements, security and information privacy must be front and center.

 

See also

http://www.appcessories.co.uk/works-with-nest-best-compatible-devices/

http://www.wired.com/2015/10/nest-embraces-good-ol-yale-locks-make-smart-homes-smarter/

 

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How and why a High School has deployed 15 Beacons

How and why a High School has deployed 15 Beacons | WHY IT MATTERS: Digital Transformation | Scoop.it
Brookwood Middle School in Vance, Ala., is placing beacons throughout its school and the community to better communicate with student and parents.
Farid Mheir's insight:

Describes a high school in the US that has deployed 15 beacons on its premise and what they are used for.

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Google's Physical Web allows everyday objects to interact with smartphones

Google's Physical Web allows everyday objects to interact with smartphones | WHY IT MATTERS: Digital Transformation | Scoop.it
Walk up and use anything
Farid Mheir's insight:

This website proposes use cases for beacons, from restaurant push notifications, parking meter interaction and connected devices. Other cookbooks are also presented here: 

http://sco.lt/7VHCsb

Google announced "the physical web" project months ago as an open source project. Checkout the pages with tons of examples and more info about how to build them.


Google also recently has announced it will support it natively in Android Chrome, making discovery of beacons much easier as it won't require any new app to be installed - assuming Chrome is on every device.

http://blog.chromium.org/2016/02/the-physical-web-expands-to-chrome-for_10.html


With the rise of IoT, we can expect more of these in the future. However given the lukewarm reception of QR codes or Apple iBeacons, we can question their real-world adoption rate - even though they are builtin to millions of iPhone and iPad iOS devices the concept has not caught on it seems http://sco.lt/97shYP


Yet there is a true need for physical devices to connect with our mobile devices so I expect new solutions to be proposed, with one catching on at some point in time.

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Ikea Is Developing a Table That Tells You What to Cook

Ikea Is Developing a Table That Tells You What to Cook | WHY IT MATTERS: Digital Transformation | Scoop.it
A better food prep table.
Farid Mheir's insight:

Here's something to consider more and more: smart furniture. With internet of things, this is a trend that may pick up steam in the coming years. For now, still nice prototyping but no mass production AFAIK.

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Rewiring Industries: 100 IoT Startups Disrupting Auto, Healthcare, Energy, And More

Rewiring Industries: 100 IoT Startups Disrupting Auto, Healthcare, Energy, And More | WHY IT MATTERS: Digital Transformation | Scoop.it
We mapped the 9 categories driving the future of the Internet of Things. IoT startups are targeting the Industrial Internet of Things and major spaces like healthcare.
Farid Mheir's insight:

Interested in internet of things: here's a review of 100 companies laying this field. My prediction: 700 by year end 2016 and 3000 by year end 2017. This field is going to explode.

Ian Harris's curator insight, December 31, 2015 1:08 AM

Movement! Serious movement!

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Netflix + YouTube = 55% of Internet traffic

Netflix + YouTube = 55% of Internet traffic | WHY IT MATTERS: Digital Transformation | Scoop.it
Netflix is the biggest bandwidth hog, making up more than 37% of all downstream traffic during peak hours. Google's YouTube is a distant second, with about...
Farid Mheir's insight:

Video now accounts for more than half of Internet traffic. This is inline with other bandwidth information I have seen.


WHY THIS IS IMPORTANT

Internet used to be about browsing websites and chatting with friends on Facebook. Today it is all about viewing video which means telcos should really be scarred about cord cutters - people moving away from cable or satellite TV. In the future, I assume the proportion of bandwidth will continue to increase.


With billions of internet-connected devices showing up in the next 10 years, will IoT become the bandwidth hog then?

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The Future Of Retail Might Get Under Your Skin: get #RFID implants

The Future Of Retail Might Get Under Your Skin: get #RFID implants | WHY IT MATTERS: Digital Transformation | Scoop.it

Early this year the staff at Epicenter, a Stockholm based high-tech company, were given a choice; they could either be issued a standard employee ID card for access to the building and office equipment, or they could be injected with a tiny radio frequency identification device, placed just under the skin of their hand – otherwise known as a subcutaneous implant. Surprisingly, a number chose the chip, on the promise that with a wave of their hand they would be able to access the building, open doors, operate photocopiers and even pay for lunch in the company cafeteria. No ID cards to forget at home or passwords to remember.

In fact, the Epicenter case is hardly the first experiment of its kind. Going back as far as 2004, Barcelona nightclub owner Conrad Chase offered RFID chipping to his VIP clients enabling access to special lounges and payment capability.


Via André Bélanger, Farid Mheir
Farid Mheir's insight:

I knew they did this for dogs but never thought they did it for humans. But come to think of it, makes perfect sense. Or it will become the biggest invasion of privacy ever.

 

Farid Mheir's curator insight, November 11, 2015 7:50 PM

I knew they did this for dogs but never thought they did it for humans. But come to think of it, makes perfect sense. Or it will become the biggest invasion of privacy ever.


Great insight from André!

Luigi Cappel's comment, November 21, 2015 2:25 PM
For me it would depend on what part of the world I live in. In New Zealand I would have no problem wearing a chip that I could use for ID for building access, customs, instead of passwords or finger scanners. Being a law abiding citizen in a relatively corruption free country, I'd be more than happy, providing as per the law, I knew how any information about me was being used and could revoke access where it was abused. If I was living in other countries, which may remain nameless, I would steer well clear, because being innocent and law abiding doesn't mean that you are safe.
Farid Mheir's comment, November 21, 2015 5:33 PM
@Russell R. Roberts, Jr. @Luigi Cappel both of you thank you for insightful comments and reshare... as always!
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A bill of Rights for #iot? This guy makes a pretty argument for it

Everything You Know About the Internet of Things is Wrong - Backchannel - Medium
We need similar kinds of principles laid down for the IoT. One idea, from technologist Limor Freid, is that we create a minimal bill of rights. Something that says open is better than closed, ensuring portability between devices. We must ensure that consumers, not companies, own the data collected by devices and that any devices that collect public data (such as traffic flows or crowd sizes) share that data in the public realm. Users should have the right to keep their data private, and be able to delete or back up data collected by the devices they own. We also need to ensure that individuals are compensated fairly for the information they create, rather than allowing the value to be skimmed off by what Jaron Lanier calls “siren servers,” which concentrate wealth in the hands of the few who control the data centers.
Farid Mheir's insight:

The article talks of a bill of rights for internet of things, but also provides examples of 35 years wifi solution running on a AAA battery and a LED equipped umbrella.

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Security researchers identify 1,600 Internet of Things devices with a drone over Texas

Security researchers identify 1,600 Internet of Things devices with a drone over Texas | WHY IT MATTERS: Digital Transformation | Scoop.it
Praetorian tracking all IoT devices in Austin, Texas running on ZigBee protocol, similar to the Shodan scanner.
Farid Mheir's insight:

A project has been devised to map all internet of things devices in the Austin Texas area, and identify vulnerabilities. Cool demonstrations of what you can do with a drone and some technology skills.


See the full map here:

https://www.praetorian.com/iotmap/ 


WHY THIS IS IMPORTANT?

There will be 9B IoT devices soon and many more in the future. Great opportunities but it needs to be safe and private.

Tracy Harding's comment, September 1, 2015 9:19 AM
You need to work on formatting of your replies. This is one giant sentence. Remember the requirements. You need a 2-3 sentence summary, at least 1 sentence of IR implications and 1 sentence about your thoughts.
Farid Mheir's comment, September 1, 2015 9:23 AM
@Tracy Harding: not sure I understand your comment re: formatting. Can you be more specific and email me a screengrab? thank you!
Farid Mheir's comment, September 1, 2015 9:24 AM
@Jake D'Imperio gis thank you for the comment!
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Will the new MetaWear board make wearables the next big thing? via @Make

Will the new MetaWear board make wearables the next big thing? via @Make | WHY IT MATTERS: Digital Transformation | Scoop.it
People have been predicting wearables would be the next big thing for about as long as I've been involved in technology, but this time they might be right.
Farid Mheir's insight:

Been waiting for this to emerge for a while given the intensity of interest around wearables and internet of things.


WHY THIS IS IMPORTANT FOR DIGITAL TRANSFORMATION OF BUSINESS?

In the wearable space, I guess what you want to wear are the sensors, not the processing gear. So being able to create cheap custom sensors allows businesses to gather more information  about the environment their products and people go through, then analyze it remotely to make decisions. This is a possible component towards that goal.

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Grocery shopping might be less painful with this smart cart via @gigaom

Grocery shopping might be less painful with this smart cart via @gigaom | WHY IT MATTERS: Digital Transformation | Scoop.it
Cambridge Consultants, a product development group based in the U.K., is showing off a connected shopping cart that can tell a retailer where you are in a store within three feet. The smart carts are equipped with Bluetooth radios and sensors to track the cart’s location so store owners can offer promotions and eliminate checkout…
Farid Mheir's insight:

Not everyone has a mobile phone when they shop groceries but everyone pushes a cart. So having a connected cart - especially if it costs only 7.60$ to retrofit - makes perfect sense, no?

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150 slides in 25 min #mustwatch video of @kpcb's Mary Meeker performing her Internet trends talk live at #codecon

150 slides in 25 min #mustwatch video of @kpcb's Mary Meeker performing her Internet trends talk live at #codecon | WHY IT MATTERS: Digital Transformation | Scoop.it
Mary Meeker can synthesize trends, pinpoint interesting numbers and research, and deliver hundreds of slides like nobody's business.
Farid Mheir's insight:

As Mary Meeker says in her intro, this presentation probably violates all rules that communication experts drill into our heads, yet it is very effective because

1- the slides are made available for us to review after

2- we can pause and rewind

3- she stresses what's important: the rest we get by looking at the slides


Love it.

Hamza Ali's curator insight, June 6, 2014 11:03 AM

are you looking for new mobiles ???? then visit http://hintamobile.com/ you can compare your favorite mobiles

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Great #IoT example: Tesla cars Over-the-Air Repairs Are the Way Forward via MIT @TechReview

Great #IoT example: Tesla cars Over-the-Air Repairs Are the Way Forward via MIT @TechReview | WHY IT MATTERS: Digital Transformation | Scoop.it
Tesla and GM have both issued fire-related recalls, but Tesla’s fix doesn’t require owners to bring their cars in.
Farid Mheir's insight:

Benefits of having an Internet connected device - here a car - is that it can be remotely updated to fix issues or tune performance. Convenience and fast improvements.


Remember that this means it can also be remotely monitored, both for good and bad reasons, which may also raise security and privacy concerns.

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'The Internet Of Things' growth in next years will be huge via @bi

'The Internet Of Things' growth in next years will be huge via @bi | WHY IT MATTERS: Digital Transformation | Scoop.it
Soon billions of devices will be connected to the Internet.
Farid Mheir's insight:

This chart highlights a very important fact: "things" like cars, TVs, doorbells, refrigerators, baby monitors, etc. will all be Internet connected soon. This will mark a very important step in the digital transformation of enterprises: the ability to "google" device data to find out what they are doing now (and historically). 


Similar to stock market charts, we'll start to find websites dedicated to providing raw data and analysis on that data. power of the web and big data will allow your individual device (say your heart monitor) to compare your data with that of similar devices and users worlwide to detect patterns, such as heart attack probability.


In the corporate context, with an Internet connected fleet of delivery vehicles, it will be possible to analyze the efficiency of the fleet with comparable fleets, and even maybe compare drivers. This will pose interesting challenges for IT departments as they'll have to manage a flood of new data. We can however expect this data to be consolidated within fleet management solutions and software and sold as a service by those providers.

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