Co-authored with Daniel Eckert While the Internet of Things (IoT) accounts for approximately 1.9B devices today, it is expected to be over 9B devices by 2018—roughly equal to the number of smartphones, smart TVs, tablets, wearable computers and PCs combined. But, for the IoT to scale beyond early adopters– it must overcome specific challenges within three main categories: technology, privacy/security, and measurement. Following are 12 hurdles that are hampering the growth of the IoT: 1) […]
According to a survey by the research arm of The Economist, businesses are slightly more likely to be using the Internet of Things for internal operations and processes than in external products or services. It’s important to draw a distinction between forward-facing IoT and what I call the Internet of Business Things (IoBT). The knowledge, skills and alliances it will take to instrument the business are different than outfitting consumer products with connected technology. The […]
In our soon-to-be-released Digital IQ survey of over 1,400 business and technology executives, 20% of respondents say they plan to invest in sensors. We feel confident in predicting that the Internet of Things (IoT) or the Internet of Everything will finally begin to take off this year, as futurists have forecasted for years. What remains to be seen is whether or not CIOs will win their rightful place in product design planning and the development […]
Another on G.E.’s Industrial Internet:
“The executive in charge of the project for G.E. also said that by next year almost all equipment made by the company will have sensors and Big Data software.
“Everyone wants prediction about performance, and better asset management,” said William Ruh, vice president of global software at G.E. “The ideas of speed, of information velocity, is what will differentiate the winners from the losers.”
“The so-called Industrial Internet involves putting different kinds of sensors, sometimes by the thousands, in machines and the places they work, then remotely monitoring performance to maximize profitability.”
I think I’d enjoy Jet Engine school way more, now:
“A few years back, after an internal audit of their vast and various business holdings, the folks at General Electric made something of a discovery: Their company was roughly the fourteenth biggest software maker in the world. They’d never really thought of themselves as a software company–all that coding was being done by developers hidden in silos within other silos in the corporate structure–but they figured maybe it was time to start.
So in June 2011, the company hired designer Greg Petroff and put him in charge of user experience for the whole shebang. His first project was an ambitious one: creating a system that will bring all of GE’s industrial machines, from wind turbines to hospital hardware to jet engines, onto one cloud-connected, contextually-aware, super-efficient platform.”
Source Link: Wired