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Gartner identifies the Top 10 Internet of Things technologies for 2017 and 2018

In an article published by IOT Solutions World Congress, Nick Jones, Vice President and Analyst at Gartner, says that the IoT demands an extensive range of new technologies and skills that many organizations have yet to master. “A recurring theme in the IoT space is the immaturity of technologies and services and of the vendors providing them. Architecting for this immaturity and managing the risk it creates will be a key challenge for organizations exploiting the IoT. In many technology areas, lack of skills will also pose significant challenges.”

The technologies and principles of IoT will have a very broad impact on organizations, affecting business strategy, risk management and a wide range of technical areas such as architecture and network design. The top 10 IoT technologies for 2017 and 2018 range from IoT security to IoT standards and ecosystems.

Read more about the 10 technologies that will enable organizations to unlock the full potential of the IoT at http://www.iotsworldcongress.com/gartner-identifies-the-top-10-internet-of-things-technologies-for-2017-and-2018

Image credit: chombosan / Shutterstock.com

Via IOT Solutions World Congress

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Connected cars need to play well with smart cities

As autonomous vehicles and smart city investments continue their blistering growth, experts say it’s vital that these two connected juggernauts work in better synchronicity.

Donal Power, a contributing writer at ReadWrite, talks about a recent report by the International Data Corporation (IDC) that examines the interplay between these two massively transformational technologies. “Despite this spending most smart city initiatives, include smart transportation projects, are focusing on solving peripheral issues, with few big projects tackling core city problems,” notes Power.

Read more about Power’s take on the IDC’s findings at  http://readwrite.com/2016/08/13/connected-cars-need-play-well-smart-cities-tl4/

Image credit: jamesteohart / Shutterstock.com

Via ReadWrite

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Leading transformation from the top-down

Digital transformation is a matter of organizational change that requires attention and commitment. It impacts not only the business structures but all levels of the organization. Most importantly it is about people, not technologies, reminds Robert Wendelin, PhD (Econ.) Head of IoT at TeliaSonera Finland.

“The primary task of leadership, of course, is to point out the direction of the organization and support its business. In the case of IoT and digitalization the focus is on developing services, which is basically about streamlining and improving processes and functions. Essentially, leadership is about managing the change that enables this development,” Wendelin describes.

Development in any area requires a company strategy that is implemented and clearly understood throughout the organization. “Communicating strategy is not about using fancy words in speeches. Instead, strategy needs to be communicated in a manner that makes it easily understandable to everyone. People can’t commit to something they don’t understand.”

Commitment is another prerequisite for a successful leader. And so is setting up the right KPIs.

“Leaders, as well as employees, need to have a bonus scheme connected to long term KPI’s helping them in making correct decisions and investments instead of sub-optimizing decision making for short term gain. Back in the days I’ve come across many KPI schemes that focus purely on quarterly results, while the results of long term IoT investments only started to show results after two to three years. By that time the massive investments companies have made in achieving long term results have eaten up the quarterly KPI bonuses of the employees. In a situation with short-sighted KPI’s it is very hard to make people commit to achieving the company’s strategic goals, or to generate innovation. So, being a successful leader also means gaining employees’ long term commitment and looking beyond quarterly bonus schemes”, Wendelin states.

The fear of the unknown

Fundamentally, change is the very essence of digitalization. In order to manage this transformation, companies usually hire a CDO to take charge of the change. However, when it comes to managing organizational change, a deep understanding of the business in question is of the utmost importance.

“Strategy needs to be communicated in a manner that makes it easily understandable to everyone. People can’t commit to something they don’t understand.”

“Having a background in ICT is not enough. It’s very dangerous to start changing something if you don’t have a clear view on what it is that needs to be altered. A good CDO understands the baseline and the special characteristics of the industry, as well as the business environment a company operates in,” Wendelin underlines.

Nevertheless, when it comes to the business environment, people tend to overestimate the importance of local differences. This is an issue that most globally operating organizations must tackle when managing change.

“People are different. They come from different backgrounds, speak different languages and have different views on life. But the business they operate usually follows the same principles everywhere in the world. People tend to object to change especially when it comes from someone who is not physically there. Because claiming that the required change is something that can’t be applied to the local market is easier than stepping out of their comfort zone and departing from routines. The biggest hindrance to change is in people’s minds,” Wendelin concludes.

Collaboration for the win-win

Organizational change fueled by digitalization also shapes the form of interaction with external parties.

“Partnerships of today are very different from the partnerships of yesterday. Back in the days it used to be about one giant strategic partner using local subcontractors who, quite frankly, didn’t really have much to say to anything,” Wendelin points out.

Nowadays collaborations between business partners resemble an ecosystem that consists of multiple players of all sizes, who all share the same goals. Building and developing the ecosystem together helps everybody win. “Orchestrating this kind of network is based on the idea that a company should choose the right partners for every business situation,” he says.

With more complex technologies shaping entire industries it makes sense for all actors to form strategic alliances and partnerships. However, learning to rely on multiple external partners in research, development and production is one thing – storing data to somewhere else besides the company’s own servers is another.

“Many establishments are somewhat in love with their in-house data warehouses. The problem is that the space is very limited, and that’s why storing data in the cloud is a trend. Still, many fear that the cloud is not a secure option for data storage. That’s another thing where organizations need effective change management, when it comes to digitalization. You need to have courage to trust,” Wendelin sums up.

Robert Wendelin works as PhD (Econ.) Head of IoT at TeliaSonera Finland Oyj.

Interview w/ Robert Wendelin

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Intelligent alarming leverages Industrial Internet of Things to reduce risks and costs

From geo-awareness capabilities to proactive analysis, modern alarming technologies use connected systems layered with new apps to help eliminate alarm noise and confusion while driving the right corrective actions. According to Alicia Bowers, Senior product marketing manager, Automation Software at GE Digital, every organization can manage alarms.

“With intelligent alarming and the Industrial Internet, companies can send the alarms that matter, when they matter, to the right person. Engineers and operators can receive prioritized alerts with instructions, helping them react to and resolve alarms quickly,” Bowers writes in Automation World.

Bowers also says that with intelligent alarming fueled by the Industrial Internet, companies can take all of the raw alarms in underlying systems and apply a level of analytics to them. Read more at http://www.automationworld.com/alarm-management/intelligent-alarming-leverages-industrial-internet-things-reduce-risks-and-costs

Image credit: vectorfusionart / Shutterstock.com

Via Automation World

1 Comments

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  • Babiker Sammbo 24.11.2016 12:01

    A mazing

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Shippers setting sail via Internet of (Floating) Things

According to Donal Power, contributing writer at ReadWrite, “No place on land or sea is safe from being connected. And now it seems the marine industry is at last diving into Industrial Internet of Things (IIoT) with both feet.”

Technology company Ericsson says the marine industry lags behind alternative modes of commercial transport in its deployment of this connected communications and information technology. Shipping companies, however, are increasingly looking to catch up by increasing connectivity aboard ships to allow the sharing of insights in real time and using the data to optimize shipping ecosystems.

Read more at  http://readwrite.com/2016/08/03/marine-industry-belatedly-sets-sail-via-internet-sea-things-tt4/

Image credit: FUN FUN PHOTO / Shutterstock.com

Via ReadWrite

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