IT Strategy

Sarolta Bán

IoT Security Through Obscurity?

By | Internet of Things, IT Strategy | One Comment

A recent Dassault Systèmes blog What’s next in the Internet of Things?  discusses the company’s view of the IoT and, of course, addresses the lingering concerns about the potential security risks in IoT-connected devices and the threats of hacking and infiltrating public IoT networks.

The article offers the following comment from Krisztián Flautner of ARM: “In theory, IoT devices are quite attackable because the security on them is often not very good. But, at the same time, you also have to know a lot about those devices and how they’re configured. To me, I’m not actually sure if the [hacking] threat goes up or down.”

I find this attitude a bit cavalier. Read More

The Moneylender and His Wife (Quentin Metsys, 1514)

Monetizing IoT: Show Me the Money!

By | Internet of Things, IT Strategy | 5 Comments

Seeking Funding for an Internet of Things Project?

“Too expensive”; “Very long time to a positive cash flow”; “We do not consider any project with ROI time longer than 18 months”.  These are some of the typical responses and pushbacks early adopters of Industrial Internet of Things (IoT) technology often encounter when they seek funding from corporate management.

Indeed, almost every market study of IoT adoption ranks concerns about rosy, yet unconvincing return on investment (ROI) as one of the top hurdles to enterprise-wide adoption of IoT.

Admittedly, many green-field IoT projects require significant investments over an extended period of time: designing new products, creating a network infrastructure, and establishing new business and customer relationships models. Although falling hardware prices, availability of cloud-based IoT services, and a growing number of IoT platforms make plunging into the IoT water easier, more economical and less risky, for many, long-term ROI remains elusive.

But should the Industrial Internet of Things be considered just yet another IT project, like implementing a new ERP system? Or does an investment in a promising technology and new business constructs warrants a different, more strategic, approach? Read More

Soft Watch at the Moment of First Explosion by Salvador Dali c. 1954

Procrastination and the Internet of Things

By | Internet of Things, IT Strategy | One Comment

Time Value of Information

Fans of Malcolm Gladwell’s Blink will surely agree: In many situations, it makes sense to act promptly and decisively upon arrival of information indicating a problem.

You can clearly apply this logic in industrial manufacturing setting. For instance, if a machine on the manufacturing line has drifted out of spec and starts spewing bad parts, it should be shut down immediately in order to reduce the number of bad parts it produces. Then, the machine needs to be repaired equally expeditiously in order to restore production as soon as possible. In this example, the impact, or the business value, of the decision is the highest when a quick and decisive action is taken. The longer we wait to shut down production, the more bad parts are going to be produced and scrapped.

As Lee Iacocca remarked: “Even a correct decision is wrong when it was taken too late.”

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Narcissus (Carravagio, C. 1597-99)

Innovation and the Inherent Bias of Technology

By | Internet of Things, IT Strategy, Manufacturing | No Comments

The Imherent Bias of Technology

“Technology is neither good nor bad; nor is it neutral” declared Melvin Kranzberg.

Indeed, not only is technology un-neutral, it has an intrinsic bias. In the process of defining and implementing software to perform certain tasks and solve particular problems, the designers make many assumptions and decisions—most of which are irreversible—about the intended tasks, workflows, work environment, and user profiles. Unintentionally, the marketers and designers of software tools introduce a bias.

Douglas Allchin maintains that in itself this inherent bias does not pose a problem, but it does dictate how the technology is being used, and who can and cannot use it. Consequently, the innate bias influences the ability of the organization to realize the full value of the technology.

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Section perpendiculaire du moulin des Verdiers (Jean-Jacque Lequeu, 1778)

IoT: Build or Buy?

By | Internet of Things, IT Strategy | No Comments

Should You Build Your IoT Solution or Buy it?

Heard recently on the web: Should you build your own Internet of Things (IoT) or buy it?

As you might expect, the question (and the answer), sponsored by an IoT platform vendor, were self-serving.

Earlier today, I received a note about a research that maintains that more than a 100 new IoT “platforms” have entered the marketplace in the past 12 months alone, fueling fast growth that will exceed $1.5 billion by 2021.

Which makes no sense whatsoever.
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