Internet of Things (IoT)
Archives for April 2015 « Recent Articles
“Junk in, Junk Out” – so goes the common phrase when it comes to the data that is fed into any process or algorithm and the corresponding results. Bad data, or data that lacks veracity, can not only produce inaccurate information, but also catastrophic results. Such is the case when considering the future of the IoT - data is key, but not just any data....valid and accurate data.
The IoT world is expanding exponentially, connecting a cornucopia of devices to a ubiquitous network. To date, most of these devices connect in ‘siloed’ ways, having little interaction with other IoT devices in any significant way. This eliminates some of the complexity and potential sources of conflicts that can be present in an environment where multiple devices are tracking and sending a variety of specific data into a system designed to analyze and interpret the this data to produce…
Using a similar approach to its launch of the Watson group in 2014, and the Business Analytics & Optimization group in 2009, IBM created an IoT "startup" on March 31st with 2,000 consultants and a commitment to invest $3 billion over the next four years. Moreover, on April 9th, IBM hosted IDC at an event in NYC to describe how it is helping clients, and its ecosystem partners, build IoT solutions. While many noteworthy hardware and software items were discussed (e.g., its work with Texas Instruments and new IoT services on BlueMix), I wanted to focus on what IBM's strategy tells us about the professional services opportunity.
Two strategy elements inform the professional services opportunity, each with its own implications:
1) IBM does not aspire to own, or control, all of the data generated by the things in the IoT ecosystem, rather it wants to sell insights about customers’ data back to its customers, by combining its customers’ data with other third-party data sources in innovative ways. IBM’s partnerships with Twitter and The Weather Channel are two recent examples which will expand the data sets available for…