So I took advantage of some available time over the holiday to sit and ponder what the coming of IoT really means and here are a few thoughts.
To me the Internet of Things means:
- Needing to upgrade network security
- More monitoring
- Higher level of management oversight for the increased number of connected devices
- Possibly more points of failure in the supply chain?
- Enhanced scalable platforms
- More storage and analytics software
- Big Data just went through an adolescent growth spurt?
- New integration challenges that haven’t even been considered yet
- More complex and critical decisions by procurement with the lack of standardization
I am curious how many of us are truly in a position to technically, financially and personnel wise, aggressively launch this boat called the Internet of Things?
I have been in the communications industry since 1978 and yes, for most of you reading this, there was even color television back then, but no cell phones! The one thing I have learned is to not jump so quickly at new technology. You see, most new products are born inside an engineer’s cubicle to help justify their budget. There was no relentless call from the consumers demanding the new product.
Nope. Just a need to come up with something that either looks, sounds, or performs differently enough from what’s available to call it new. That new device is then christened by us corporate management types and given to marketing to “hype” enough so as to lure the early-adapters into purchasing it. The early-adopters are the ones who pay for the R&D and help the engineers figure out that they didn’t spend enough time in development.
So these early-adopters, what do they gain by being first?
- Possibly a marketing edge over their competitors in being able to sell their new services or product first. Sometimes a big enough early-adopter will even sign on for exclusivity for a period of time.
- Possibly a real ROI on a product that really is a game changer and provides a distinct advantage.
- Possibly a product with an unknown bug infestation causing IT and sales frustration or even worse, a lost customer.
copyright: Written by Gary Quint