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Driving Growth, Profit & Impact in Internet of Things Markets: 5 Key Questions to Get Started
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Driving Growth, Profit & Impact in Internet of Things Markets: 5 Key Questions to Get Started

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The Internet of Things demands new thinking. Internet of Things impact will go beyond financial metrics to help solve grand challenges. …

The Internet of Things demands new thinking. Internet of Things impact will go beyond financial metrics to help solve grand challenges.

New thinking about IoT business model sustainability, profitability, authentic value creation and data policy is required.

Learn the 5 key questions that must be asked to get started on the path of driving value, profit and impact in Internet of Things markets.

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  • 1. Driving Growth, Profit and Impact in Internet of Things Markets 5 Key Questions to Get Started
  • 2. The Internet of Things – Digitizing Our Physical World “The most disruptive technology to 2025.” – McKinsey Global Institute “A $14.4 trillion profit market for our joint customers over the next decade." – Cisco Systems “IoT impact will go beyond financial metrics to help solve grand challenges.” -- INEX Advisors
  • 3. The Next Frontier In Tech And Every Other Domain of Human Endeavor
  • 4. Three Shapers of IoT Opportunities  Impact – Making Money and Meaning  Data Democratization – Deployers Rule, Not SPs  Social Business – Collaboration is the New Requirement Winners will excel at finding & managing tensions
  • 5. Challenges  Lack of Authentic Value & Clear ROI  Fragmentation Implication for Scale  Business Models Beyond Freemium, Social, Mobile, IT  Privacy, and Data Deployment Standards of Conduct Commercial issues outweigh technical
  • 6. Challenges  Security – In Clouds and Fog  Standards Soup – Technologies and Policies  Accessible Display, Visualization and Analytics  Integration – with Decision Support Tools and Operations Technology is largely there, but which ones?
  • 7. Opportunities  Impact -- Make Money and Meaning, Drive Real Value  Recurring Revenue – Only Through Sustainable Value  Expanded Productivity - Driving Profit and Other Gains  Data Democratization -- Write the New, Better Rules on Data  Address Grand Challenges -- Based in the Physical World Lessons abound, but, IoT is full of green fields
  • 8. Why IT strategies fall short Many dimensions. First among them, IT is framed almost entirely as a productivity tool aimed at GAAP income statements, balance sheets and their impact on financial investors, and little else. On the contrary, IoT speaks to a much broader canvas of opportunities. Why mobile strategies fall short Many dimensions. Two above all others. (1) The handset market has ever-more uniform requirements versus the IoT market with its massive fragmentation (2) Handsets are attended devices optimized for humans to consume information versus IoT devices which are first designed to create intelligence. Why social strategies fall short Many dimensions. Too numerous to list. (1) Freemium, where people trade time and give away both financial and data treasure. (2) Social service providers serve one master above all others: Marketing and advertising clients, NOT service users. (3) Social strategies are focused on capturing people’s time, IoT is focused on freeing it. IoT requires unique strategies Reactions to status quo, demands of a new future
  • 9. 5 Key Questions to Get Started IoT markets demand new thinking about data, value 1. What physical assets, inventories, areas of operation are we talking about? Start with important questions: What value does connectivity create or enable? 2. What data are we talking about? Persistent reduction in the cost of sensors and communications open up new options for creating more data. Our best thinking must differentiate what we should collect from what we can. 3. Who owns what data? Most IoT business models will not be freemium, so the service creators will not be the presumptive owners of the data. Deployers and paying subscribers increasingly demand ownership and control. 4. Which stakeholders have access rights to what data? Most, but not all, IoT solutions will serve multiple stakeholders, for at least one ‘typical generation’. Who ‘owns’ or controls, and is responsible for, what data? 5. What are access rights holders authorized to do with the data? Complicating these markets further, access rights will not be uniform. It is likely that access rights holders will have different rules for internal versus external data sharing and deployment.
  • 10. Contact Us INEX Advisors LLC Chris Rezendes, President cjr@inexadvisors.com 508-415-5022 Pam Sefrino, Principal ps@inexadvisors.com 508-525-9700 www.inexadvisors.com

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