Many companies begin an internet of things (IoT) journey with great expectations, only to end up with disappointing business results. Gartner recently estimated that through 2018 80% of IoT implementations will squander transformational opportunities and fail to monetize IoT data. And a new survey by Cisco found that one-third of all completed IoT projects were not considered a success. In my experience with dozens of organizations implementing IoT solutions, those that achieved their expected ROI changed their traditional business approaches in one or more of the following ways:
Ovum analysis: Hurdles to and the outlook for smart home services uptake across the globe vary depending on country-specific conditions and cultural/attitudinal factors.
The future of mobility promises to transform the way people and goods move about, as shared and autonomous vehicles could offer the opportunity for faster, cleaner, cheaper, and safer transportation. Accompanying those potential changes could be dramatic shifts in the workforce. When transportation modes are profoundly changed, what are the implications for the almost 7 million US auto workers and nearly 4 million professional drivers? How might the future of mobility affect the numerous ancillary jobs that largely hinge on how transportation is provisioned, such as warehouse workers and public works employees?
10 A.M.It is hot and sultry in the slums of the Campina Barreto neighborhood on the north side of Recife, in Brazil, and a public health worker named Glaucia has just taken a blood sample from a young, pregnant patient. Glaucia feeds it into a portable sequencer the size of a USB stick, plugs the sequencer into her computer and waits for the results. The device identifies genetic markers of the Zika virus, but flags the fact that this is a mutated strain that could be resistant to existing vaccines. She reports the information to her colleague, Franco, at the nearest hospital and to public health authorities. They need to know that this could signal the start of an outbreak.
Cognitive technologies undoubtedly have the potential to transform knowledge-based work. However, in the present, highly ambitious cognitive projects have encountered obstacles and delays, even when substantial resources have been committed to them. Its important, then, for organizations to proceed incrementally toward the dramatic changes that cognitive technologies and capabilities will eventually enable. Based on a review of over 100 organizations attempts to implement some form of cognitive technology, this TED-type talk will describe major areas of cognitive activity likely to be transformed and prescribe steps that most organizations should take today to becoming a cognitive company.
On May 23, 2017, the MIT Sloan School of Management hosted the 14th annual CIO Symposium: The CIO Adventure: Now, Next and Beyond. The one-day event brought senior IT executives together to discuss key technologies, including IoT, AI, blockchain, Big Data, DevOps, cloud computing, and cybersecurity. The main idea was to help prepare these tech leaders for challenges they face, including shepherding ongoing digital transformations, building a digital organization, and managing IT talent.
Lyft Inc. is joining the self-driving car arms race in earnest. Its all about leverage.
The companys new Palo Alto, California, office will be called Level 5. Thats the stage of autonomy where the human race can die off, and the cars drive themselves. Its a big reversal for Lyft, which had smartly struck partnerships with Alphabet Inc.s Waymo, General Motors Co., Nutonomy and Jaguar Land Rover.
The IoT industry is still booming. Recent research from ReadWrite, leveraging data from VB Profiles, shows the industry has grown to 2,888 companies employing some 342,000 people, with funding for start-ups coming from everyone from well-known VC firms to enterprise software vendors like Intel.
Moving to a fully digital business model is proving to be easier said than done, new research finds. The study from MIT Sloan Management Review (MIT SMR) and Deloitte Digital discovered that more than one-third of businesses in the early stages of transforming their organization to a digital business say that their companies spend more time talking about digital business than acting on it.
In past decades, technology has replaced many routine tasks with automation. Now AI and robotics are enabling computers to do more complex work that was previously the sole domain of humans. In addition, cloud, social media, and mobility make many gig economy workers as effective as full time employees. What will the future of work look like? How will automation augment or replace current jobs? How should CIOs and other leaders prepare their organizations for the changes to come? In a fast-paced exchange of ideas, our panel of experts will discuss these questions and more.