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Farid Mheir
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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.
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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.
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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.”
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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.
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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
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- 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.
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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.
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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.
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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.
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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.
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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...
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What's most intriguing about the Nest Thermostat is how it's become the center of a connected home ecosystem.
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Brookwood Middle School in Vance, Ala., is placing beacons throughout its school and the community to better communicate with student and parents.
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A better food prep table.
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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.
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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...
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
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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.
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Praetorian tracking all IoT devices in Austin, Texas running on ZigBee protocol, similar to the Shodan scanner.
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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.
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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…
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Mary Meeker can synthesize trends, pinpoint interesting numbers and research, and deliver hundreds of slides like nobody's business.
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Tesla and GM have both issued fire-related recalls, but Tesla’s fix doesn’t require owners to bring their cars in.
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Soon billions of devices will be connected to the Internet.
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Curated by Farid Mheir
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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.