Recently there was a post in Forbes titled In Search of the True Value in The Internet of Things. This post narrowed down the value statement to:
The real value lies in being able to capture and analyze the data that comes from the sensors at the endpoints of IoT — and that needs to be the few nuggets of data that are of material value to the business.
It does make me wonder if the author overlooked the new business model possibilities. It is not just about capturing and analyzing, it also include the action taken by which actors for the company and its entire ecosystem. As everything ‘gets smarter’ there should be more options available and more time to execute those options. At the same time we see larger and more powerful arrays of processors, we also see them moving into more places and processes.
One of the great questions that remains is what should ‘we’ be doing differently now that computing’s impact moves both deeper and broader into the business?
The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow. -William Pollard