Comments
dcawrey
4/29/2016 4:40:57 PM
User Rank Platinum
Startups
I'm very excited to see what types of startups come from the IoT sector. I expect there to be a lot of venture capital to flow into IoT as entrepreneurs come up with some really cool ideas. While I know there are a lot of larger companies working on IoT, I think some of the most disruptive innovation comes from the startup ecosystem.
Good Stats
Very interesting Stats.
It's pretty unfortunate to see Helthcare stands last in the list. There is lot of scope and opportunity within the domain that IOT could bring ease and efficiency to significant extent. But there is quiet an amount of hesitatncy for that industry to adapt IOT yet. I believe that could be concerns with Security as Healthcare has lot to do with PHI data, regulations and complainace etc.
Re: Startups
Yes, That is absolutely right. The trend is more with Startup companies marching towards IOT initiative. I believe it is kind of common that start ups are the ones that pick evolving trends and start experimenting in industry,
faryl
4/29/2016 11:01:54 PM
User Rank Platinum
Re: Startups
I bet Kickstarter will see an uptick in IoT-related campaigns as well.
afwriter
4/29/2016 11:52:13 PM
User Rank Platinum
Re: Startups
I agree, start ups are the little guys with one brilliant idea that can change the world versus the larger corporations who can just take an idea, slightly change it, and mass produce it. Without these start ups the big corporations wouldn't have anywhere to go.
Not that I have any kind of beef with Google, but their acquisition of Nest when it was still in its infacy is a decent example.
JohnBarnes
4/30/2016 1:41:52 PM
User Rank Platinum
Default or validation?
Venture capital is by nature volatile because it's cowardly in the individual (VC's turn down almost everything they see for the very good reason that the fraction of ideas that work out is extremely small) and brave in the aggregate (by definition if there's not a sizable risk and the potential for a sizable reward, it's not venture). So it's very prone to stampedes, some of which are economically informative and some of which are just stampedes.
So the interesting question is, does the movement out of consumer IT and into telecommunications IT indicate:
1) That telco IT is becoming more attractive, i.e. better opportunities than in past years? Are they running toward telco?
2) That consumer IT is becoming less attractive, perhaps from that lack-of-next-big-thing that besets it every few years? Are they running away from consumer?
3) Both? No reason they can't happen simultaneously.
4) Something else entirely? Maybe it's just a cross current; there's a third area that this is an attractive bridge to (or an attractive way to back away from); or diversification for its own sake has become important; or it's become differentially easier/harder to enter/exit an investment area; many other possibilities.
5) Just a stampede?
Re: Startups
Not that I have any kind of beef with Google, but their acquisition of Nest when it was still in its infacy is a decent example.
@afwriter: Very good example.
May be this is the model that big corporations prefer to follow as they get to grab root concept through the acquicstion and then get to give new face by applying all needed time, more number of smart brains, more funds as needed. The end result would be a sensational new product.
Re: Startups
Without these start ups the big corporations wouldn't have anywhere to go.
@afwriter:
I agree that big corps often reap up big due to an innovtive idea from a tiny staru up. But I have to respectfullt disagree with you that they have no where to go. Big corps have their own units of innovation, R&D teams that are constantly exploring new possibilities for advancements. There are many examples
freehe
4/30/2016 8:05:41 PM
User Rank Platinum
Re: Startups
Startups will change the future of IoT and big companies will wash, rinse and make it better. IoT is great but if you don't have a stategic plan in place and don't have a plan as well as employees or a third party that knows how to capture, analyze and use the data in addition to employee who know how to monetize it, it doesn't mean anything to say that you use IoT. Some companies use the term IoT for bragging rights but don't have any plan in plan to take action on using it.
Re: Startups
IoT is great but if you don't have a stategic plan in place and don't have a plan as well as employees or a third party that knows how to capture, analyze and use the data in addition to employee who know how to monetize it
@freehe: You have raised valid concerns. A strategic plan is a basic requirement for any company. Then an action plan to apply that strategy, implement and deliver. During the course there are bunch of things needed - Expertise, funding,resources and most importantly presenting the company to the world so everone can perceive what is cooking inside.
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