Articles under the topic Technology
I was at this conference where one of the streams focused on Internet of Things or as some speakers preferred to call it Internet of Everything. Every speaker without exception talked about smart refrigerators which will connect to the nearby or your favorite grocery store and proactively order provisions you consume and debit your credit card/bank. However, there was a missing link.
Welcome to the sexy world of big data. A world in which data scientists make bold predictions about the future of business. Moving into a job in the world of big data isn't really that glamorous. Sure, you may be part of the new 'buzzworthy' world of big data but the work you do day-to-day will never be glamorous.
I have been super charged up about the Internet of Things (IoT) and its possible implications on various sorts of industries, businesses. While the buzz of IoT bringing a 'wave of change' is a mix of reality and hype, we also have to be aware of the possible fallouts. In some of my most recent conversations with industry experts globally, it came clearly came out that Privacy and Data Security may fall prey to this bull run of IoT.
The IoT will probably represent the biggest change to our relationship with the Internet since its inception. But amidst all the excitement and hyperbole, there's comparatively little talk of how the IoT is going to be delivered, what it means for networks and IT departments, and how we're going to ensure that it's sufficiently secure.
I posted a series of blogs that show how things are slowly progressing on the IoT front in several industries such as Manufacturing, Retail and Oil & Gas. Every industry has its unique needs and fulfilling those needs give an edge to the business owners. By experimenting with the emerging IoT technologies (minus the hype), CIOs can certainly create that edge for their respective organizations.
While digitisation and automation has been talked and (in a limited way) embraced in the Oil and Gas (O&G) exploration, the industry is still waiting for a wide scale adoption of digital technologies to harness its full potential. Internet of Things could be a great option and make the future really very promising. But the cost of putting the infra and then getting the required intelligence continues to be a big challenge.
From refrigerators to parking spaces to houses, the Internet of Things (IoT) is destined to bring billions of things into the digital fold, which will make the IoT a multi-trillion dollar industry by 2020, is what PricewaterhouseCoopers (PwC) is estimating in its recently conducted survey. Will IoT have a similar impact on the Retail industry too?
The number of things connected to the Internet now exceeds the total number of humans on the planet. The estimates suggest that by 2020 or 2025 it may accelerate to as many as 50 Billion connected devices. For manufacturing organizations it means a lot. Are CIOs thinking about it? Are they even bothered about this tidal wave?
There is no escaping the bring your own device trend, but organizations need to chart a middle path to strike a balance between employee freedom and corporate control over technology. This infographic from Cognizant shows that proactive organizations that embrace this trend and mould it in suitable ways to benefit the business will gain the critical lead to out-perform the competition.
Mobility is at the centre of a major transformation to a digital enterprise. There has also been a marked shift in the way companies think about mobility within their corporate strategies. How can enterprise applications be securely accessed on any device of your choice? A transformative technology that makes BYOD environments more secure, manageable and significantly fast-acting can be a solution.