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Strategy

The Fortune Teller (Georges de La Tour c. 1630)

Seven Industrial IoT Predictions for 2017 and Beyond

By | Internet of Things, IT Strategy | 3 Comments

Rapid Growth in Times of Uncertainty

The industrial Internet of Things (IoT) is enabling and accelerating the convergence of three key technology and business model shifts that are fueling the digital transformation of every industrial enterprise:

  • Connectivity. The number of connected devices and mobile devices is growing at an increasingly faster pace, emanating massive amounts of real-time information that enables deep insight about themselves and the environment around them.
  • Cloud Computing. After years of hesitation, cloud technology is finally becoming a mainstream business platform and a growth engine. New information systems and business operation constructs can be deployed and scale quickly and cost effectively, as connected assets and mobile devices deliver decision-making power to all ranks in the organization.
  • New Business Models. Cloud-connected assets and customers, coupled with real-time information and decision-making capabilities form the foundation for new ways to engage the business and its customers. Businesses can deploy innovative customer-centric outcome-based engagement models and respond to changing market conditions with greater agility and flexibility.

Industry is making strides in developing Internet of Things technologies and articulating the potential business value of industrial IoT and Industry 4.0 solutions. The upcoming years of the IoT evolution will be characterized by rapid technology acceleration, as the vision of an always-connected world, in which everything and everybody is connected, is becoming an everyday reality.

And company leadership is under pressure to seize the opportunity. Eager technology vendors, enthusiastic investors and analysts, and deluge of breathless headlines, all entice corporate management to jump on the IoT bandwagon before it’s too late.

However, as technology forecaster Paul Saffo aptly observed, one should not mistake a clear view for a short distance. Read More

At The Optometrist (Norman Rockwell, 1956)

OpenText Acquires Covisint: A Telltale of the IoT M&A Market

By | Automotive, Internet of Things, Mergers & Acquisitions | No Comments

In an announcement that failed to get headlines, OpenText, a Canadian enterprise information management (EIM) company,  recently disclosed it has entered into a definitive agreement to acquire Covisint Corporation, best known as the enterprise data interchange (EDI) company whose name nobody was sure how to pronounce.

Covisint was formed in 2000 by a consortium of automotive companies, including General Motors, Ford, and DaimlerChrysler. Over the years, the company expanded its EDI platform and services into the healthcare, oil and gas, government, and financial services markets. Read More

Help! Movie Poster (The Beatles, 1965)

IoT and Software Support

By | Internet of Things, IT Strategy, Service Lifecycle Management (SLM) | 4 Comments

You think IoT has Nothing to do with Software Support? Think Again!

You cannot escape the onslaught of breathless headlines about the rapid proliferation of the Internet of Things (IoT). You hear and read ad nauseam about a brave new connected world that is threatening to change all businesses as we know them.

These stories are usually accompanied by images of complex industrial equipment, giant oil rigs, and highly sophisticated jet engines.

If you are in software support you may dismiss these as not quite relevant to your business and daily activity. Some of you may even sigh in relief that you do not need to get to the bottom of the 4th Industrial Revolution and that your job is not threatened by these new technologies.

But if you do, you’d be wrong! Read More

The Accountant (Florent Willems)

The CPA and the Internet of Things

By | Internet of Things, IT Strategy | One Comment

No, this is not a modern-day technology Aesop fable.

But it is yet another observation in the neck-breaking evolution of the Internet of Things narrative in which eye candies tend to divert attention away from critical business functions such as customer billing.

The Internet of Things is transforming every business. Early discussions about IoT were all about connecting industrial assets, but as the technology is maturing to become the fuel of the connected enterprise, its impact is going to be profound, touching every part of the business and every function in its value chain.

Even accountants recognize the potentially disruptive impact IoT is going to have on their profession. An article titled The Internet of Things: The CPA’s Role in the New World of Business, published by the Pennsylvania Institute of Certified Public Accountants, suggests that “the duties of CPAs will continue to transform and integrate with IT systems, possibly leading to consolidation”. Read More

The Open Book (Juan Gris, 1925)

An Obvious Observation About Open-Source Software

By | IT Strategy | 2 Comments

I spoke with a client at a recent Aras PLM event about open-source software. I’d like to share a point of view that may be obvious to some, but perhaps not to everyone thinking about using open-source software.

The first thing people think about when they hear “open source” is: “Open source! its free!”

And then they say, “But wait, if anyone can, as the GNU license states, freely use, study, copy, modify, and redistribute the software, then what about code quality? and security?” Read More