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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WHY IT MATTERS: Digital Transformation
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Curated by
Farid Mheir
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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.
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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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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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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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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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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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!
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From
gigaom
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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From
recode
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 |
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.