|By Roger Strukhoff||
|August 22, 2014 08:30 AM EDT||
I look at the IoT as having three great components: M2M, wearables, and grids. The components can also be seen (roughly) as enterprise, personal, and government/organizational.
I'll examine each area in follow-up articles. I'll start with the third, as it applies to research I've been conducting for the past three years and dovetails with the very high-level view of the IoT being taken by the largest technology companies in the world.
And I'm looking forward to discussing issues great and small with all in attendance at the upcoming @ThingsExpo, for which I serve as Conference Chair.
A Dismal Look
Smart grids, cities, and nations hold transformational potential, especially but exclusively for the developing world. It that holds the promise of fixing the millenium-old human problems of poverty, disease, violence, and poor leadership.
To examine the IoT's potential to transform society means starting with a big-picture look at economics, or the "dismal science," as it's lovingly known by its practitioners.
Global economics is not a zero-sum game, although it can feel that way when a competitor is eating your lunch. It can also look that way when comparing the extremes of the wealth of nations.
But I think the IoT can not only solve a particular company's problems but is also the key to long-term, fair-minded global economic growth and societal development.
A Brief History
We've come a long way since Adam Smith's first articulated his principles of enlightened self-interest and an "invisible hand" that guides economic development without the need for government regulation or intervention. Even seemingly altruistic acts are ultimately done with a personal, self-centered goal in mind, in this view.
The Keynesian revolution (ie, government stimulation is desirable) followed by a few decades of increasingly scientific, mathematically inclined studies of societies and their economics has led to much re-interpretation of Smith's original thinking.
Recent economic developments, led by Joseph Stiglitz and centered around the power of "information asymmetry" can lead to almost the opposite conclusion; there's nothing enlightened about self-interest, people with an upper hand won't play fair, and only tough, enforceable government regulation can address it, in this view.
Ha Joon-Chang is another modern-day economist who, in essence, thinks the developed world is not playing fair as developing nations struggle to lift their way out of poverty. I interviewed him a few years ago.
On a separate tangent, Dambisa Moyo (pictured) is another modern-day economist who has taken the controversial stance that altruism is, in fact, damaging to the people it ostensibly tries to help.
Does IT Matter?
Meanwhile, it's been more than 30 years since the personal computer entered the scene in a big way.
Yet to this day, academic research on "IT economics" seems sparse. Even though so many of us in the industry believe in the rising tide of technology that lifts all boats, and utopian dreams flow out of Silicon Valley and its mimickers with each new gadget or app, it's hard to find pure research that connects the dots between the aggressive use of technology, economic development, and societal progress.
There's plenty of history at this point. The 80s were famous for $1 trillion worth of PC sales, with no apparent productivity increase in the global economy. The 90s showed that the benefits of this technology took awhile to become apparent; they did become apparent once widely connected to networks and with the invention of the Worldwide Web.
The 2000s were a disaster, with the dot-com meltdown, the post-Y2K technology recession, the Great Recession, and war disaster by the US. Even so, enterprise IT-including tens of millions of personal computers sold each year-rose by the end of the decade to several trillions of dollars.
Now, as we progress through the second decade of the 21st century, we see cloud computing, Big Data, and the Internet of Things. It's time for economists to study the "IT effect" with rigor.
As a non-academic with perhaps just enough graduate school experience to be dangerous, I won't be the person who seizes this field of study and emerges as the Joseph Steiglitz of IT economics. But to paraphrase the Dennis Hopper character in True Romance, I find this stuff to be fascinating.
Our research at the Tau Institute is socio-economic in nature, but as of yet lays out no grand theories.
We abide by the principle that technology is not only inevitable but inevitably good for the human species; though Google Glass today is seen as having great comedic value, the same twitters could be heard (well before Twitter) with images of people lugging around computers, talking on wireless phones, and seeking hotspots.
The big caveat, of course, is that our political and societal leaders don't abuse the wonders of technological progress. Wishful thinking, perhaps.
Yet the net gain to the world economy brought by personal computing devices is enormous. Mobile phones are the only way to communicate in much of the developing world, and are also used as virtual banks. Mobile computers in the developed world have surely reduced the number of people-an therefore, congestion--showing up to work every day in central cities.
Wireless connectivity has freed people to work and access information from almost wherever they choose, and it's cut down on the time people watch television-a development that cannot, on the whole, be deleterious.
(More to come in future postings!)
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Aug. 2, 2015 11:15 AM EDT Reads: 344
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 1, 2015 04:45 PM EDT Reads: 496
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Aug. 1, 2015 10:00 AM EDT Reads: 331
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
Jul. 30, 2015 07:30 PM EDT Reads: 1,417
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Jul. 30, 2015 02:30 PM EDT Reads: 131
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
Jul. 30, 2015 12:00 PM EDT Reads: 2,073
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
Jul. 30, 2015 09:00 AM EDT Reads: 2,173
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Jul. 29, 2015 03:00 PM EDT Reads: 1,295
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
Jul. 29, 2015 02:00 PM EDT Reads: 1,199
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Jul. 28, 2015 04:30 PM EDT Reads: 1,775
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
Jul. 28, 2015 11:00 AM EDT Reads: 2,049
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Jul. 27, 2015 10:00 AM EDT Reads: 2,043
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Jul. 27, 2015 09:00 AM EDT Reads: 333
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
Jul. 27, 2015 08:00 AM EDT Reads: 1,910
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
Jul. 26, 2015 09:00 PM EDT Reads: 1,584
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 25, 2015 02:00 PM EDT Reads: 402
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Jul. 25, 2015 01:00 PM EDT Reads: 1,969
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
Jul. 25, 2015 12:15 PM EDT Reads: 483
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 25, 2015 12:00 PM EDT Reads: 1,548
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jul. 25, 2015 09:00 AM EDT Reads: 1,499