How to Profit from the Internet of Things

How to Profit from the Internet of Things By Howard Oliver, MBA, Founder & CEO, What If What Next Republished from http://riccentre.ca/2015/11/how-to-profit-from-the-internet-of-things/ Have you heard about the Internet of Things? If not or you are wondering exactly what it is and what opportunity it might hold for your city, industry or business, you are not alone. A survey of 700 C-suite executives in Canada, conducted this fall by Northstar for Microsoft reported that the majority of top execs in Canada are not even aware of The Internet of Things (IoT). Most (53%) executives said they are completely unaware of the Internet of Things and even more (72%) find it to be a confusing concept. Somewhat ironically the study found that about half of top executives believe technology helps their business stay competitive and almost half say it improves their customer service. However, a very large number (85%) say they aren’t fully utilizing technology. This represents a fantastic opportunity for Canadian businesses. In fact, in a new whitepaper, developed from an appearance before the Parliamentary Standing Committee on Industry, Science and Technology, The Information Technology Association of Canada (ITAC) suggests that Canada can be a leader in shaping the future of the Internet of Things which will “alter the way we work, how we access healthcare, and how we interact with the environment.” The world-wide numbers are more than significant. According to a current IDC report the IoT market will grow to $1.7 trillion in 2020, with a19% growth in 2015. This forecast focuses on 11 vertical industries, including consumer, retail, healthcare, government, manufacturing, transportation, and other industries. IoT opportunities...

Recent Articles on #IoT and Wearables

  Here is list of recent articles that have caught our eye: Wearables will increasingly find their place in the enterprise http://wp.me/p5hvhT-6ZK4  The Revolution Will Be Worn http://buff.ly/1UuNgAe  4/5 companies have increased revenue by investing in #IoT http://bit.ly/1LHu37T  The #IoT is not just about #smarthomes anymore… ‘The Economy Of Things’ http://bit.ly/1QvIDzY  We are particularly interested in #enterprisewearables and will be tracking that emerging sector. For more visit our twitter account: https://twitter.com/CloudVentures  ...

Building out for the Internet of Things (IoT): Use Case #2

Building out for the Internet of Things (IoT): Use Case #2 By Tom Chalker, CTO and Howard Oliver, Founder and CCO, What If What Next The Internet of Things promises ubiquity of services. Once physical devices are given an Internet identity then great things happen. People-friendly services can be attached to clumsy mechanical devices. Here’s another example of the transformative effect of IoT.  Taking the Pain Out of a Nuisance Task Twice a year Canadian drivers face a minor hassle. It’s time to change the tires for winter or summer driving. Conceptually, it’s a simple task: Make an appointment, throw the other set of tires in the car and make arrangements for alternate transportation after dropping the car off at the service center. It’s annoying enough that the tires are heavy and they don’t all fit in the trunk, but scheduling is tricky because everybody else is trying to get this done in the same month interval. Now let’s see how that can be simplified by IoT. Go to your service center once (during the off-season if you like) with your tires and ask for the Seasonal Tire Changing service. During a half-hour wait, the technician installs a match-book sized Raspberry PI (a small computer that has WiFi connectivity and costs less than $20) under the hood of your car and asks you to enter your home’s WiFi password on a secure terminal. That’s it. You’re done. Fall arrives. You get a email from the service explaining that they would like to change your tires for the winter season. They specify your address (your place of work) and ask...

Top #IoT Companies to Watch

            We have created a list of top Internet of Things companies we are following. https://twitter.com/CloudVentures/lists/iot-companies. Companies noted include: 1. Ayla Networks 2. BaseN 3. Dropcam 4. Enlighted 5. Ericsson 6. Jasper 7. Neura 8. Nordic 9. PubNub 10. Sigfox We used this source for the initial list: https://wtvox.com/2015/03/10-wearables-and-iot-companies-to-watch-in-2015/ . For Nordic companies active in the InternetOfThings: http://nyv.me/l/lpVq via @HotTopicsHT, And a course we would be remiss if we did not include our Canadian...

What If What Next: The Internet of Things

The “Internet of Things”, (IoT) is the next logical wave of computerization. The role of What If What Next is to provide leadership during the early implementation phase of new products that exploit the advantages of IoT. The “Internet of Things” allows mundane, ordinary devices to communicate. If there are many types of devices and a wide spectrum of data, then it is possible to create services with emergent behavior that surpasses the capabilities of the individual constituent parts. However, like the early waves of computerization, there are too many degrees of freedom when building out with this technology. Mistakes can be made that slow adoption and cause companies to fail. If we consider the first wave to be the introduction of mainframe computers, then recall that IBM was the one dominant player. They made all the design decisions and held them internally resulting in reasonable (but expensive) usability. The second wave was the commoditized home PC. Here there were hundreds of competing component manufacturers loosely adhering to a vague interfacing standard. We all remember how unstable the early IBM clones were. It took a decade for the components market to consolidate. Similarly, the following waves of Internet computer connectivity and personal mobile device adoption each had teething pains as we struggled with incompatible networking protocols and duplicated ‘App’ implementations within the IOS/Android space. The new IoT wave also faces a crisis of too many independent implementations. In this case it is not the hardware that will be the problem, it is the short term thinking that decides what raw information will be harvested and what proprietary formats will...