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dcawrey
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. 

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ms.akkineni
ms.akkineni
4/29/2016 7:24:32 PM
User Rank
Platinum
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,

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faryl
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.

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afwriter
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. 

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ms.akkineni
ms.akkineni
4/30/2016 3:03:04 PM
User Rank
Platinum
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.

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ms.akkineni
ms.akkineni
4/30/2016 3:07:11 PM
User Rank
Platinum
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 

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freehe
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.

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ms.akkineni
ms.akkineni
4/30/2016 9:11:44 PM
User Rank
Platinum
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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Ariella
Ariella
5/2/2016 12:15:44 PM
User Rank
Author
Re: Startups
<Some companies use the term IoT for bragging rights but don't have any plan in plan to take action on using it.> @freehe exactly, it's the new shiny thing that each business wants to lay claim to for the coolness factor. In the same manner many latched onto social media several years back with no clear plan of how to integrate it into its business goals. 

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ms.akkineni
ms.akkineni
4/29/2016 7:20:32 PM
User Rank
Platinum
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.

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JohnBarnes
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?

 

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Mitch Wagner
Mitch Wagner
5/3/2016 4:24:09 PM
User Rank
Gold
Re: Default or validation?
I haven't really seen a compelling case for consumer IoT. Smart homes? is it that hard to get up and turn on a lightswitch, or check to see if there's milk in the fridge?

Industrial IoT apps, on the other hand, are quite compelling, as are smart cities, healthcare, and other non-consumer IoT opportunities. 

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JohnBarnes
JohnBarnes
5/4/2016 7:16:32 AM
User Rank
Platinum
Re: Default or validation?
Mitch, I think much of the drive for consumer/household IoT is coming from the tech side, not from marketing/sales, that it's more about what is possible than what people want. This is just what we used to call PRUE when I was a consultant in the 1980s (Programmers Really Understand Everything) -- the tendency of the code-proficient and the people-clumsy to decide that user needs/desires/requirements are "self-evident," meaning "do not need to be researched,that involves talking to yucky people who don't agree with each other.  Just tell them what they're getting."

So the minor problems of the light switch being across a dark room from you (solvable by cell-phone shine or leaving a door open), or temperature not being exactly what you want at every moment, etc. become issues mainly because techfolk see ways to code them.

Having spent some portion of my life insisting that for stage design, CAD had to come up to the standards of the pencil, it's a much too familiar phenomenon.

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Mitch Wagner
Mitch Wagner
5/4/2016 1:15:58 PM
User Rank
Gold
Re: Default or validation?
I think of this kind of thing as "solutions in search of a problem." See also: Bitcoin. 

Now, smart thermostats are an interesting case. I've seen reports they can save heating costs by something like 2%. That's nothing to an individual household, but enormous on a national scale. However, how can you get them implemented nationally when individual consumers aren't interested?

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vnewman
vnewman
5/4/2016 1:41:20 PM
User Rank
Platinum
Re: Default or validation?
And let's not forget the security issue - researchers at the University of Michigan just hacked Samsung's Smart Home Platform which allowed them to open locks and set off the fire alarm, among other things.  To use a technical term: Yikes.

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Mitch Wagner
Mitch Wagner
5/4/2016 7:12:05 PM
User Rank
Gold
Re: Default or validation?
vnewman - Consider the security problems of IoT when applied to healthcare. Imagine when an artificial hand or arm is network connected. 

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srufolo1
srufolo1
5/2/2016 10:40:22 PM
User Rank
Platinum
Smart Cities
At 43% in the Verizon study, smart cities is poised to take off in the Internet of Things arena. That being said, the U.S. should be following the lead of some major European cities, such as Barcelona and Stockholm, in this area. These cities are employing IoT in ways that are improving the lives of citizens, such as traffic control, water supplies, and even parking spaces and trash removal. Once we catch up, CIOs in government will be the "new consumer."

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DHagar
DHagar
5/3/2016 4:13:06 PM
User Rank
Platinum
Re: Smart Cities
@srufolo1, well said.  I agree with the report that the smart cities are a key focus for IoT - it really follows the adaption rate of smarter cities with broadband, etc. 

I also agree with you that Europe, and other parts of the world, are further ahead in their digital connections.  They are deploying IoT in basic ways that improve public services.  I realize that they are more government-centric, but as they are a driving force, we can learn from them.

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srufolo1
srufolo1
5/4/2016 9:46:30 AM
User Rank
Platinum
Re: Smart Cities
"Connected cars" is another big development. What's going on with the Internet of Things is fascinating and requires a whole new set of technological solutions for all these different use cases. With 5G in cars, parents will probably never hear the words, "Are we there yet?" again.

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DHagar
DHagar
5/4/2016 1:18:16 PM
User Rank
Platinum
Re: Smart Cities
@srufolo1, very true.  I believe the "connectivity", with cities as hosts, provides a viable contribution for IoT to provide a "utility" that enhances the services of cities (ie, police, transportation, emergency response, etc) for citizens and improves the overall quality of life.  That, in fact, may be a stronger value proposition than the consumer-driven "smart homes" that several other posts are commenting on - not everyone wants or needs a "smart home".

Note:  Agree on 5G and the mobile entertainment centers - it's a different world!

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