IoT strategy primer: The new sources of value enabled by the Internet of Things. Implications on competitive advantage and profit pools

KNUD LASSE LUETH | March 1, 2016

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The Internet of Things is the one of the biggest if not the biggest technology trend right now. It is promising to change the world we live in dramatically over the coming years, reaching nearly all parts of businesses and society. In just 5 years’ time, it is expected that for every human being on earth up to 6 devices (that are not smartphones or computers) will be connected to the internet, thereby linking all aspects of the physical world.

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myDevices

myDevices, an IoT solutions company, develops end-to-end platforms and applications for the Internet of Things that “simplify the connected world.” myDevices’ products empower engineers and enterprise partners to easily and quickly deploy IoT prototypes and complete IoT solutions into their existing infrastructure and business. The platform is device and connectivity agnostic. myDevices is the creator of Cayenne, the world’s first drag-and-drop IoT Project Builder, which enables customers to bring their IoT projects from prototype to mass production.

OTHER ARTICLES

Scalable Software with Devops for Industrial IoT

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Scaling Industrial IoT (IIoT) solutions requires a DevOps organization that can manage increased software and hardware complexity in terms of capability, capacity and footprint. DevOps is derived from Development and Operations and is one of the buzz words for ICT companies. Often it is the amalgamation of Software Developers from R&D and senior engineers from Operations into a new organization. Startups are faced with the challenge of how to quickly create a functioning DevOps organization that can scale with rapid growth. In this article, we will deal with the keys for success to scale software solutions with using an example of an Industrial IoT solution. We will look at how DevOps should function and discuss the important principles for software development, tools and operations.

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Artificial Intelligence Applications: Is Your Business Implementing AI Smartly?

Article | April 6, 2020

The book Design, Launch, and Scale IoT Services classifies the components of IoT services into technical modules. One of the most important of these is Artificial Intelligence (AI). This article is intended to supplement the book by providing insight into AI and its applications for IoT. After many years in the wilderness, AI is back on the hype curve and will change the world again. Or, will it? AI has always been interesting, but what has changed to justify the current hype? There are several contributing factors. The volumes of data that will be produced by many IoT services suggest that this data cannot be managed by humans with traditional analytics tools. Therefore, AI can offer opportunities for IoT services to extract maximum value from the data. IoT cloud platforms are now offering AI services via APIs and application development tools, making AI more accessible for many IoT services. Now, AI can be incorporated without requiring extensive development or excessive costs.

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Top ‘avenues’ for developers in smart cities

Article | April 6, 2020

Perhaps no more than a decade ago, the notion of ‘smart cities’ probably implied thoughts of which metropolitan areas could be said to have the greatest density of schools, colleges and universities. You want a smart city? Okay, how about Oxford, Cambridge, Massachusetts, Washington DC, Paris and so on. But that’s (obviously) not what we mean by smart cities today. In this post-millennial age, we define a smart city is a municipality that uses information and communication technologies (many of which will gravitate towards the Internet of Things (IoT) and the data backbones that serve it with application processing, data analytics and increasing amounts of AI) to increase operational efficiency, share information with the public and improve both the quality of government services and citizen welfare.

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Hardware Threats to an IoT Ecosystem

Article | April 6, 2020

An IoT ecosystem, like any biome on Earth, is constantly subjected to changes and threats at various scales. Whether the system is an asset tracking solution in a hospital to help deliver more effective healthcare or cold chain management ensuring temperature control during transportation, the hardware/sensor is where the data journey commences in an IoT ecosystem. The integrity of these hardware components is paramount to the success of an IoT solution, but there are currently critical threat points on these devices which left unaddressed could be disastrous. Much of the focus of IoT security is on keeping the communicated data from IoT devices untampered up the solution stack. Methods like end-to-end AES encryption are currently standard by most network protocols and are well secured and tested.

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Spotlight

myDevices

myDevices, an IoT solutions company, develops end-to-end platforms and applications for the Internet of Things that “simplify the connected world.” myDevices’ products empower engineers and enterprise partners to easily and quickly deploy IoT prototypes and complete IoT solutions into their existing infrastructure and business. The platform is device and connectivity agnostic. myDevices is the creator of Cayenne, the world’s first drag-and-drop IoT Project Builder, which enables customers to bring their IoT projects from prototype to mass production.

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