The document discusses how organizations are preparing for the opportunities and challenges presented by the Internet of Things (IoT). It finds that:
- Most organizations only offer basic IoT solutions and few provide advanced capabilities like remote operation or performance insights. Readiness varies by industry.
- Less than 30% of organizations generate revenue from IoT solutions and over 70% do not monetize these solutions.
- Most IoT solutions do not integrate with third-party products and services. Only 10-15% of organizations offer this functionality.
- While around 60% of organizations partner to develop IoT capabilities, few use acquisitions, platforms or APIs to build skills in this area.
-
Connect - Talk - Think - Act: Developing Internet of Things & Industrial Inte...Rick Bouter
1) GE recognized the innovation potential of an instrumented, connected and intelligent world and is acting decisively through its Predix predictive maintenance platform and seven business segments.
2) GE Aviation developed the Integrated Vehicle Health Management application to monitor aircraft engines and equipment using sensors and analytics to predict maintenance needs and failures.
3) GE aims to transform from an equipment manufacturer to a digital industrial company by leveraging the Industrial Internet to offer new data-driven services that improve customer operations and experience.
Report 3 the fourth industrial revolution - things to tighten the link betwe...Rick Bouter
This report was all about the fourth stage of the Industrial Revolution made possible by the far-reaching integration of Operational Technology (OT) and Information Technology (IT). The IT/OT convergence and the end-to-end ecosystems that are under development – from design and production to client interaction and advanced Maintenance, Repair & Overhaul (MRO) – enable a future in which appliances, devices, things and machines for professionals and private people will communicate with central systems, with one another, and with users for the purpose of providing the best possible facilities to makers, service providers, legislators and customers.
Source, Sogeti ViNT: http://vint.sogeti.com/internet-things-4-reports/
Ctrl-alt-del: Rebooting the Business Model for the Digital AgeCapgemini
Our research with the MIT Sloan Management Review reveals that only 16% of organizations are leveraging digital technologies to develop new business models. Most organizations follow traditional approaches to innovation that focus on new products and services, rather than on business models. However, research suggests that the returns from traditional approaches have been diminishing with time. As Serguei Netessine, Professor at INSEAD Singapore says, “Pharmaceutical companies spend as much as 30% of their revenues on R&D, trying to develop new products or technologies. But the return from this enormous expenditure has been very elusive and it is a common problem across industries.” Business model reinvention can be as good a route as technology, product or service innovations. This research highlight five different approaches that organizations can adopt to reinvent their business model with digital technologies.
Only few organizations wise up to new digital competitors, as they usually come from outside their own sector and are not taken seriously at first. Their allegedly inferior propositions confuse prominent players, who should in fact be the very first to be fully aware of potentially disruptive innovation.
To swing into action rapidly, existing organizations would be well advised to properly analyze anything resembling digital competition. Evidently, there are clear patterns behind the startup success marking a new techno-economic reality. Ecosystems, APIs, and platforms characterize this New Normal where customers have more freedom of choice and better service at lower costs.
These successful disruptors are called two-sided market players, also known as multi-sided platform players. Companies like Uber and Airbnb are getting all the media attention, however there are over 9000 players (and counting) active in almost every industry.
The new VINT report explores the new digital competition and presents:
A analysis of the success factors of disruption
10 design principles of the new digital competition like Unbundle your organization processes, APIs first. Access over ownership and Building trust with social systems
The need for every business to develop a API-strategy
An appeal to the CIO and the IT department to use a leading digital approach and map out an offensive technological route.
Monetizing the Internet of Things: Extracting Value from the Connectivity Opp...Capgemini
Cisco has estimated that the Internet of Things (IoT) has the potential to generate about $19 trillion of value over the coming years. The staggering potential size-of-the-prize has certainly caught the attention of the world’s business community. In a recent survey of senior business leaders around the globe, 96% said their companies would be using IoT in some way within the next 3 years. However, there is a catch – most organizations are yet to derive significant commercial value from IoT. Our research shows that 70% of organizations do not generate service revenues from their IoT solutions. We have looked at why organizations are falling short in monetizing the IoT, and have tried to capture some initial observations on monetization models in what is still a very fast-developing marketplace.
Industry 4.0 is the name of the next industrial revolution which is fueled by the advancement of digital technologies. It
is dramatically changing how companies engage in business activities. As a result, the disruptive nature of Industry 4.0
demands a reassessment of the requirements for IT. On the one hand, there is the possibility that the responsibilities of Chief Information Officers (CIOs) could be taken over by other executives such as the Chief Digital Officer (CDO) or the Chief Technology Officer (CTO). On the other hand, this
recent development creates entirely new perspectives for positioning themselves and their IT departments
within the business.
The impact of digital technologies is reaching a magnitude at which IT is considered a substantial
business driver, potentially placing CIOs in the driver’s seat.
Connect - Talk - Think - Act: Developing Internet of Things & Industrial Inte...Rick Bouter
1) GE recognized the innovation potential of an instrumented, connected and intelligent world and is acting decisively through its Predix predictive maintenance platform and seven business segments.
2) GE Aviation developed the Integrated Vehicle Health Management application to monitor aircraft engines and equipment using sensors and analytics to predict maintenance needs and failures.
3) GE aims to transform from an equipment manufacturer to a digital industrial company by leveraging the Industrial Internet to offer new data-driven services that improve customer operations and experience.
Report 3 the fourth industrial revolution - things to tighten the link betwe...Rick Bouter
This report was all about the fourth stage of the Industrial Revolution made possible by the far-reaching integration of Operational Technology (OT) and Information Technology (IT). The IT/OT convergence and the end-to-end ecosystems that are under development – from design and production to client interaction and advanced Maintenance, Repair & Overhaul (MRO) – enable a future in which appliances, devices, things and machines for professionals and private people will communicate with central systems, with one another, and with users for the purpose of providing the best possible facilities to makers, service providers, legislators and customers.
Source, Sogeti ViNT: http://vint.sogeti.com/internet-things-4-reports/
Ctrl-alt-del: Rebooting the Business Model for the Digital AgeCapgemini
Our research with the MIT Sloan Management Review reveals that only 16% of organizations are leveraging digital technologies to develop new business models. Most organizations follow traditional approaches to innovation that focus on new products and services, rather than on business models. However, research suggests that the returns from traditional approaches have been diminishing with time. As Serguei Netessine, Professor at INSEAD Singapore says, “Pharmaceutical companies spend as much as 30% of their revenues on R&D, trying to develop new products or technologies. But the return from this enormous expenditure has been very elusive and it is a common problem across industries.” Business model reinvention can be as good a route as technology, product or service innovations. This research highlight five different approaches that organizations can adopt to reinvent their business model with digital technologies.
Only few organizations wise up to new digital competitors, as they usually come from outside their own sector and are not taken seriously at first. Their allegedly inferior propositions confuse prominent players, who should in fact be the very first to be fully aware of potentially disruptive innovation.
To swing into action rapidly, existing organizations would be well advised to properly analyze anything resembling digital competition. Evidently, there are clear patterns behind the startup success marking a new techno-economic reality. Ecosystems, APIs, and platforms characterize this New Normal where customers have more freedom of choice and better service at lower costs.
These successful disruptors are called two-sided market players, also known as multi-sided platform players. Companies like Uber and Airbnb are getting all the media attention, however there are over 9000 players (and counting) active in almost every industry.
The new VINT report explores the new digital competition and presents:
A analysis of the success factors of disruption
10 design principles of the new digital competition like Unbundle your organization processes, APIs first. Access over ownership and Building trust with social systems
The need for every business to develop a API-strategy
An appeal to the CIO and the IT department to use a leading digital approach and map out an offensive technological route.
Monetizing the Internet of Things: Extracting Value from the Connectivity Opp...Capgemini
Cisco has estimated that the Internet of Things (IoT) has the potential to generate about $19 trillion of value over the coming years. The staggering potential size-of-the-prize has certainly caught the attention of the world’s business community. In a recent survey of senior business leaders around the globe, 96% said their companies would be using IoT in some way within the next 3 years. However, there is a catch – most organizations are yet to derive significant commercial value from IoT. Our research shows that 70% of organizations do not generate service revenues from their IoT solutions. We have looked at why organizations are falling short in monetizing the IoT, and have tried to capture some initial observations on monetization models in what is still a very fast-developing marketplace.
Industry 4.0 is the name of the next industrial revolution which is fueled by the advancement of digital technologies. It
is dramatically changing how companies engage in business activities. As a result, the disruptive nature of Industry 4.0
demands a reassessment of the requirements for IT. On the one hand, there is the possibility that the responsibilities of Chief Information Officers (CIOs) could be taken over by other executives such as the Chief Digital Officer (CDO) or the Chief Technology Officer (CTO). On the other hand, this
recent development creates entirely new perspectives for positioning themselves and their IT departments
within the business.
The impact of digital technologies is reaching a magnitude at which IT is considered a substantial
business driver, potentially placing CIOs in the driver’s seat.
As the rise in sophisticated digital technologies drives an exponential change in online customer behaviour, the need for businesses to embrace digital transformation has never been greater.
The Digital Transformation Symphony: When IT and Business Play in SyncCapgemini
Digital Masters, such as Starbucks, that leverage digital technologies effectively, differentiate themselves from their peers by consciously striving to build a close relationship between IT and the business. However, Digital Masters are exceptions. The IT-business relationship in most organizations is often a fractious relationship rather than a marriage of equals. Business teams often find the IT department’s high costs and long implementation timelines unacceptable. In addition, IT leaders are often faulted for not speaking the language of business. Leading CIOs take this disconnect head on and try and fix it. Our research shows that leading CIOs take three key actions to align the IT department with the needs of the business: 1. redesign the IT department to unlock digital innovation; 2. create strong digital platforms; 3. rationalize IT Infrastructure to fund digital initiatives. We explore each of these actions in this research paper.
Securing the Internet of Things Opportunity: Putting Cybersecurity at the Hea...Capgemini
The potential trillion dollar Internet of Things (IoT) business opportunity rests precariously on one critical factor – security. 71% of executives in our survey agreed that security concerns will influence customers’ purchase decision for IoT products. However, despite increasing cyber attacks and ample warning from security experts, most organizations do not provide adequate security and privacy safeguards for their IoT products. In fact, only 33% of IoT executives in our survey believe that the IoT products in their industry are highly resilient to cyber security attacks. Further, despite rising consumer concerns regarding data privacy, 47% of organizations do not provide any privacy related information regarding their IoT products.
So, why are organizations lagging behind in securing their IoT products and systems? Key reasons for this include an expanded attack surface, inefficiencies in the IoT product development process, and the lack of specialized security skill-sets. For instance, our survey showed that only 48% of companies focus on securing their IoT products from the beginning of the product development phase. Building a secure IoT system begins with the recognition that security needs to be as much of a priority as the features and functionality of an IoT product. The report highlights the key measures that organizations must take in order to put security at the core of their IoT value proposition.
Are manufacturing companies ready to go digital capgemini consulting - digi...Rick Bouter
Digital technologies are impacting manufacturing companies across their value chains. The document analyzes how different digital tools can optimize various parts of the manufacturing value chain, including product design, manufacturing, and supply chain management. It provides examples of companies like GE, Boeing, and Bombardier that have used digital tools like crowdsourcing, virtual prototyping, and digital factory models to drive innovation, increase productivity, and reduce costs and time to market. The document also presents a "Digital Innovation Radar" mapping various digital technologies to bottom-line and top-line opportunities for manufacturers.
The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...Capgemini
The Internet is expanding. And this is not just in terms of getting accessible to more people; it is expanding beyond humans. Machines are becoming connected. Machines are talking to humans, but increasingly, they are also talking to one another. And this interconnectedness of machines, or the Internet of Things (IoT), is a potential multi-trillion dollar market that organizations can now tap into.
However, do organizations realize the scale of the opportunity? Capgemini Consulting conducted an extensive survey of IoT products and services of over 100 leading companies across North America and Europe. We also spoke at length with several industry executives at companies developing IoT solutions to understand the challenges companies face. This article presents the results of the survey and highlights the key hurdles companies are facing.
The document discusses the findings from research on the Industrial Internet. It finds that the Industrial Internet is still in an early stage of development similar to the internet in the late 1990s. The research identifies four phases of evolution for the Industrial Internet, with the near term focusing on operational efficiency gains, and longer term bringing new business models and outcomes through connected products and services. It also finds that the Industrial Internet will significantly impact industries, jobs, skills needs and collaboration across organizations.
Report 4 design to disrupt devops eng - D2d Design 2 DisruptRick Bouter
This document discusses how organizations can remain successful in the age of digital disruption. It argues that traditional organizations must adopt the practices of startups and digital natives in order to compete, specifically through management innovation, Lean Startup methodology, and DevOps. These approaches emphasize speed, customer obsession, engaged staff, removal of bureaucracy, and empowering teams. The document also examines the concept of the "digital enterprise" and outlines a process for organizations to transform into one through developing a vision, involving staff, new governance models, and fully integrating digital technology. Overall it promotes these newer strategies as ways for traditional organizations to adapt to the current climate of rapid business disruption.
Industry 4.0: from Factory to Smactory
It is August the 18th of 2014 when a German government official press ‘post’ on an update called: "Zukunftsprojekt Industrie 4.0”, not knowing that this Industry number will complete transform the way we traditionally did business. Where business transformation in prior times mostly affected individual entities of businesses, this transformation affects the whole business eco-system. The announcement, posted on the “Bundesministerium fur Bildung und Forschung ” or, in English, the:”Federal ministry of education and Research” quoted the following key message:
“The future project Industry 4.0 aims to enable the German industry in a position to be ready for the future of production. Industrial production will be characterized by strong personalization of products under the conditions of high flexibilised (high-volume) production, the extensive integration of customers and business partners in business and value creation processes and the coupling of production and quality services.”
Industry 4.0, where disruption meets the manufacturing industry
According the Cambridge Online Dictionary is revolution something that is: ‘a very important change in the way that people do things’ or ‘one complete circular movement of something’. That Industry 4.0 is a industrial revolution is an understatement. Industry 4.0 is a big disruption in the economy & the way we (will) do business in the future. Before deep dive directly into Industry 4.0 let us have a closer look to the road towards it...
Internet of Things: From Strategy to Action: Driving IoT to Industrial ScaleCognizant
This document discusses scaling Internet of Things (IoT) solutions from pilots to an industrial scale. It argues that full IoT value is not realized by connecting just a few devices, but rather by focusing on how these technologies can impact business strategies. To scale IoT solutions, organizations must address challenges like large numbers of devices, high volumes of data, security, and partner capabilities. Successful scaling requires understanding the business problem, how IoT amplifies value across a product's lifecycle, considering the physical environment, and realizing that an integrated approach from many partners is needed. The goal is for IoT systems to interact and become embedded in physical workplaces to drive business transformation.
The digital transformation symphony when it and business play in syncRick Bouter
The document discusses how Starbucks successfully transformed digitally under the leadership of CIO Stephen Gillett from 2008 to 2012. Gillett collaborated closely with other executives to set up Digital Ventures, a new business unit focused on digital innovation. Digital Ventures delivered innovations like a mobile payments program that helped drive Starbucks' turnaround. The document argues that strong IT-business collaboration, as exemplified by Starbucks, is key to digital transformation success. It also notes that most organizations lack such collaboration between IT and business teams.
The Work Ahead: Mastering the Digital EconomyCognizant
The Work Ahead is a research series providing insight and guidance on how business – and jobs – must evolve in an economy of algorithms, automation and AI.
Realising Digital’s Full Potential in the Value ChainCognizant
When we spoke with executives across Europe who lead digitising efforts, they described a diverse range of deployments, but digital can, and must, deliver far more than it has so far. In this ebook, we explore how businesses can explore digital's full potential across their value chain.
Going Digital: General Electric and its Digital TransformationCapgemini
GE has undertaken a major digital transformation to transition from being an industrial equipment provider to a provider of data-driven services and solutions. Key aspects of GE's transformation include developing software and analytics products, opening its Predix big data platform to third parties, and attaching sensors to machines to capture performance data and provide analytics to improve efficiency. GE has also hired new digital leaders, set up centers of excellence for software and digital initiatives, and trained employees in startup methodologies to foster innovation. The transformation aims to allow GE to capitalize on data from its industrial equipment and maintain relevance in a changing industry.
The Work Ahead: Transportation and Logistics Delivering on the Digital-Physic...Cognizant
The T&L industry appears poised to accelerate its long-overdue modernization drive, as the pandemic spurs an increased need for agility and resilience, according to our study.
Disney - making magic through digital innovationRick Bouter
Disney is leveraging digital technology and data analytics to transform the customer experience across its businesses. It has invested over $1 billion in its MyMagic+ initiative, which uses magic bands and a mobile app to provide a seamless, personalized experience for visitors to its theme parks. Disney also uses analytics to improve operational efficiency and forecasting, and has an organizational focus on digital with leadership from top tech executives and ongoing investment in emerging technologies through partnerships and research.
Catering to 'Generation Now': Making Digital Connections Intelligent, Persona...Cognizant
Our recent research uncovers the digital media preferences among the younger cohort - Generation Z and millennials - concerning connectivity, content and commerce.
Exploring and sharing best practice in assessment - presentation 2eaquals
The document discusses best practices in language assessment and explores the relationship between teaching, learning, and assessment. It provides an overview of EAQUALS' work developing language assessments aligned with the CEFR levels over the past 20 years, noting the organization aims to continually re-evaluate and improve its assessment practices.
Data-Ed Online: Unlock Business Value through Reference & MDMDATAVERSITY
In order to succeed, organizations must realize what it means to utilize reference and MDM in support of business strategy. This presentation provides you with an understanding of the goals of reference and MDM, including the establishment and implementation of authoritative data sources, more effective means of delivering data to various business processes, as well as increasing the quality of information used in organizational analytical functions, e.g. BI. We also highlight the equal importance of incorporating data quality engineering into all efforts related to reference and master data management.
Learning objectives include:
What is Reference & MDM and why is it important?
Reference & MDM Frameworks and building blocks
Guiding principles & best practices
Understanding foundational reference & MDM concepts based on the Data Management Body of Knowledge (DMBOK)
Utilizing reference & MDM in support of business strategy
As the rise in sophisticated digital technologies drives an exponential change in online customer behaviour, the need for businesses to embrace digital transformation has never been greater.
The Digital Transformation Symphony: When IT and Business Play in SyncCapgemini
Digital Masters, such as Starbucks, that leverage digital technologies effectively, differentiate themselves from their peers by consciously striving to build a close relationship between IT and the business. However, Digital Masters are exceptions. The IT-business relationship in most organizations is often a fractious relationship rather than a marriage of equals. Business teams often find the IT department’s high costs and long implementation timelines unacceptable. In addition, IT leaders are often faulted for not speaking the language of business. Leading CIOs take this disconnect head on and try and fix it. Our research shows that leading CIOs take three key actions to align the IT department with the needs of the business: 1. redesign the IT department to unlock digital innovation; 2. create strong digital platforms; 3. rationalize IT Infrastructure to fund digital initiatives. We explore each of these actions in this research paper.
Securing the Internet of Things Opportunity: Putting Cybersecurity at the Hea...Capgemini
The potential trillion dollar Internet of Things (IoT) business opportunity rests precariously on one critical factor – security. 71% of executives in our survey agreed that security concerns will influence customers’ purchase decision for IoT products. However, despite increasing cyber attacks and ample warning from security experts, most organizations do not provide adequate security and privacy safeguards for their IoT products. In fact, only 33% of IoT executives in our survey believe that the IoT products in their industry are highly resilient to cyber security attacks. Further, despite rising consumer concerns regarding data privacy, 47% of organizations do not provide any privacy related information regarding their IoT products.
So, why are organizations lagging behind in securing their IoT products and systems? Key reasons for this include an expanded attack surface, inefficiencies in the IoT product development process, and the lack of specialized security skill-sets. For instance, our survey showed that only 48% of companies focus on securing their IoT products from the beginning of the product development phase. Building a secure IoT system begins with the recognition that security needs to be as much of a priority as the features and functionality of an IoT product. The report highlights the key measures that organizations must take in order to put security at the core of their IoT value proposition.
Are manufacturing companies ready to go digital capgemini consulting - digi...Rick Bouter
Digital technologies are impacting manufacturing companies across their value chains. The document analyzes how different digital tools can optimize various parts of the manufacturing value chain, including product design, manufacturing, and supply chain management. It provides examples of companies like GE, Boeing, and Bombardier that have used digital tools like crowdsourcing, virtual prototyping, and digital factory models to drive innovation, increase productivity, and reduce costs and time to market. The document also presents a "Digital Innovation Radar" mapping various digital technologies to bottom-line and top-line opportunities for manufacturers.
The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...Capgemini
The Internet is expanding. And this is not just in terms of getting accessible to more people; it is expanding beyond humans. Machines are becoming connected. Machines are talking to humans, but increasingly, they are also talking to one another. And this interconnectedness of machines, or the Internet of Things (IoT), is a potential multi-trillion dollar market that organizations can now tap into.
However, do organizations realize the scale of the opportunity? Capgemini Consulting conducted an extensive survey of IoT products and services of over 100 leading companies across North America and Europe. We also spoke at length with several industry executives at companies developing IoT solutions to understand the challenges companies face. This article presents the results of the survey and highlights the key hurdles companies are facing.
The document discusses the findings from research on the Industrial Internet. It finds that the Industrial Internet is still in an early stage of development similar to the internet in the late 1990s. The research identifies four phases of evolution for the Industrial Internet, with the near term focusing on operational efficiency gains, and longer term bringing new business models and outcomes through connected products and services. It also finds that the Industrial Internet will significantly impact industries, jobs, skills needs and collaboration across organizations.
Report 4 design to disrupt devops eng - D2d Design 2 DisruptRick Bouter
This document discusses how organizations can remain successful in the age of digital disruption. It argues that traditional organizations must adopt the practices of startups and digital natives in order to compete, specifically through management innovation, Lean Startup methodology, and DevOps. These approaches emphasize speed, customer obsession, engaged staff, removal of bureaucracy, and empowering teams. The document also examines the concept of the "digital enterprise" and outlines a process for organizations to transform into one through developing a vision, involving staff, new governance models, and fully integrating digital technology. Overall it promotes these newer strategies as ways for traditional organizations to adapt to the current climate of rapid business disruption.
Industry 4.0: from Factory to Smactory
It is August the 18th of 2014 when a German government official press ‘post’ on an update called: "Zukunftsprojekt Industrie 4.0”, not knowing that this Industry number will complete transform the way we traditionally did business. Where business transformation in prior times mostly affected individual entities of businesses, this transformation affects the whole business eco-system. The announcement, posted on the “Bundesministerium fur Bildung und Forschung ” or, in English, the:”Federal ministry of education and Research” quoted the following key message:
“The future project Industry 4.0 aims to enable the German industry in a position to be ready for the future of production. Industrial production will be characterized by strong personalization of products under the conditions of high flexibilised (high-volume) production, the extensive integration of customers and business partners in business and value creation processes and the coupling of production and quality services.”
Industry 4.0, where disruption meets the manufacturing industry
According the Cambridge Online Dictionary is revolution something that is: ‘a very important change in the way that people do things’ or ‘one complete circular movement of something’. That Industry 4.0 is a industrial revolution is an understatement. Industry 4.0 is a big disruption in the economy & the way we (will) do business in the future. Before deep dive directly into Industry 4.0 let us have a closer look to the road towards it...
Internet of Things: From Strategy to Action: Driving IoT to Industrial ScaleCognizant
This document discusses scaling Internet of Things (IoT) solutions from pilots to an industrial scale. It argues that full IoT value is not realized by connecting just a few devices, but rather by focusing on how these technologies can impact business strategies. To scale IoT solutions, organizations must address challenges like large numbers of devices, high volumes of data, security, and partner capabilities. Successful scaling requires understanding the business problem, how IoT amplifies value across a product's lifecycle, considering the physical environment, and realizing that an integrated approach from many partners is needed. The goal is for IoT systems to interact and become embedded in physical workplaces to drive business transformation.
The digital transformation symphony when it and business play in syncRick Bouter
The document discusses how Starbucks successfully transformed digitally under the leadership of CIO Stephen Gillett from 2008 to 2012. Gillett collaborated closely with other executives to set up Digital Ventures, a new business unit focused on digital innovation. Digital Ventures delivered innovations like a mobile payments program that helped drive Starbucks' turnaround. The document argues that strong IT-business collaboration, as exemplified by Starbucks, is key to digital transformation success. It also notes that most organizations lack such collaboration between IT and business teams.
The Work Ahead: Mastering the Digital EconomyCognizant
The Work Ahead is a research series providing insight and guidance on how business – and jobs – must evolve in an economy of algorithms, automation and AI.
Realising Digital’s Full Potential in the Value ChainCognizant
When we spoke with executives across Europe who lead digitising efforts, they described a diverse range of deployments, but digital can, and must, deliver far more than it has so far. In this ebook, we explore how businesses can explore digital's full potential across their value chain.
Going Digital: General Electric and its Digital TransformationCapgemini
GE has undertaken a major digital transformation to transition from being an industrial equipment provider to a provider of data-driven services and solutions. Key aspects of GE's transformation include developing software and analytics products, opening its Predix big data platform to third parties, and attaching sensors to machines to capture performance data and provide analytics to improve efficiency. GE has also hired new digital leaders, set up centers of excellence for software and digital initiatives, and trained employees in startup methodologies to foster innovation. The transformation aims to allow GE to capitalize on data from its industrial equipment and maintain relevance in a changing industry.
The Work Ahead: Transportation and Logistics Delivering on the Digital-Physic...Cognizant
The T&L industry appears poised to accelerate its long-overdue modernization drive, as the pandemic spurs an increased need for agility and resilience, according to our study.
Disney - making magic through digital innovationRick Bouter
Disney is leveraging digital technology and data analytics to transform the customer experience across its businesses. It has invested over $1 billion in its MyMagic+ initiative, which uses magic bands and a mobile app to provide a seamless, personalized experience for visitors to its theme parks. Disney also uses analytics to improve operational efficiency and forecasting, and has an organizational focus on digital with leadership from top tech executives and ongoing investment in emerging technologies through partnerships and research.
Catering to 'Generation Now': Making Digital Connections Intelligent, Persona...Cognizant
Our recent research uncovers the digital media preferences among the younger cohort - Generation Z and millennials - concerning connectivity, content and commerce.
Exploring and sharing best practice in assessment - presentation 2eaquals
The document discusses best practices in language assessment and explores the relationship between teaching, learning, and assessment. It provides an overview of EAQUALS' work developing language assessments aligned with the CEFR levels over the past 20 years, noting the organization aims to continually re-evaluate and improve its assessment practices.
Data-Ed Online: Unlock Business Value through Reference & MDMDATAVERSITY
In order to succeed, organizations must realize what it means to utilize reference and MDM in support of business strategy. This presentation provides you with an understanding of the goals of reference and MDM, including the establishment and implementation of authoritative data sources, more effective means of delivering data to various business processes, as well as increasing the quality of information used in organizational analytical functions, e.g. BI. We also highlight the equal importance of incorporating data quality engineering into all efforts related to reference and master data management.
Learning objectives include:
What is Reference & MDM and why is it important?
Reference & MDM Frameworks and building blocks
Guiding principles & best practices
Understanding foundational reference & MDM concepts based on the Data Management Body of Knowledge (DMBOK)
Utilizing reference & MDM in support of business strategy
Big data 2 4 - big-social-predicting-behavior-with-big-dataRick Bouter
This document provides an overview of big social data and predicting consumer behavior with large data sets. It contains 11 observations on the current state of big data, including that:
1) Best practices for big data are still emerging as the field changes rapidly.
2) Technological breakthroughs like new data analysis software are enabling new types of analysis.
3) Proponents believe big social data from social media can enable highly targeted predictions of consumer behavior.
4) However, others warn that big data projects risk becoming uncontrolled if not properly focused on real needs and privacy issues.
Cloud COTS selection: a proven method for BAsIIBA UK Chapter
This document summarizes Martin Tate's presentation on selecting cloud-based software using a proven method for business analysts. The presentation outlines the key steps of the method, which includes establishing requirements, researching options, evaluating candidates, negotiating contracts, and implementing the selected software. It also discusses potential cognitive biases that can negatively impact software selection and provides additional resources on Tate's website for using the selection method.
Big data 4 4 the art of the possible 4-en-webRick Bouter
This document discusses the potential of big data and how organizations can tap into it. It covers:
- Big data's potential through combining internal and external structured and unstructured data from different sectors like healthcare. This allows for new insights and services.
- Organizations are at different stages of realizing big data's potential. Studies have examined how organizations are developing their capabilities and what factors influence adoption.
- Realizing big data's full potential requires both technological expertise and changes to organizational structures and processes. It also requires integrating new and existing data sources and systems.
- Ten key questions are discussed that organizations should consider to help understand their big data potential and how to develop the necessary strategies, skills and partnerships to
Best practice principles and guidelines for the adoption and implementation of Transformational Leadership, Balanced Scorecard and Performance Management framework
The document discusses the importance of the business case in driving project success. It provides an overview of key aspects of developing a robust business case, including: understanding stakeholders and desired outcomes, performing options appraisals and cost-benefit analyses, ensuring strategic alignment, and establishing affordability, commercial viability, and achievability. The presentation emphasizes creating stakeholder engagement, overcoming barriers like silos and apathy, and establishing accountability through defining roles and metrics to track value realization.
Industry 4.0 is causing disruptive changes in how companies do business through new digital technologies. This is challenging traditional IT departments and roles.
1. The adoption of new technologies is happening faster than ever, impacting what companies produce and how they operate.
2. IT departments often cannot meet new demands for speed and quality from business units, leading to the rise of "shadow IT" controlled by business units.
3. CIOs risk losing budgets and control as IT is bypassed, threatening their relevance unless they can successfully manage the new "bimodality" of traditional and product/service IT.
Why practices are not as important as principles?Andrea Tomasini
You might wonder why is not that easy to adopt agile engineering practices and achieve technical excellence. When we think at practices we tend to think at simple things: pinning on the fridge with a magnet the list of shopping items to buy, having a clear prioritised list of things to do, and work that in order… why is then that with Agile practices is not working that easy? What is that Teams are not getting right? Is it that we don’t have the right Software tools? Or we are not collocated? The Agile dilemma is: “To effectively apply practices, you need to understand the principle, to understand the principles you need to practice!”, simply… complicated!
Human Information is made up of ideas, is diverse, and has context.
Ideas don’t exactly match like data does; they have distance.
Human Information is not static – it’s dynamic and lives everywhere.
Details on applications
HAVEn is integrated to costumers architecture through other n Apps
HP has started modifying our existing application portfolio to use HAVEn
And HP is building new applications that leverage power of HAVEn
Many customers are already building applications that use multiple HAVEn
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-
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The document discusses how the Internet of Things (IoT) is transforming businesses and provides an overview of IoT adoption. Specifically:
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Optimizing the Internet of Things: Key Strategies for Commercial InsurersCognizant
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IoT services are becoming crucial for both automotive enterprises and consumers. As the automotive industry shifts from a product-centric to service-centric business model, the connected car will function as a platform for various services. However, security is the main challenge to overcome as vehicles become more connected. Standards must be developed to securely interface connected vehicles while maintaining privacy. This transition allows automakers to develop continuous customer relationships beyond the point of sale.
Internet of Things Corporate PresentationMomentumPR
Internet of Things Inc. (TSX-V: ITT) is an IoT software and solutions provider acquiring and implementing strategic disruptive solutions targeting the Industrial IoT markets including: manufacturing, agriculture, energy management, transportation.
Prepared by Helene Andre on June 2015
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What are the next challenges from security to customer relationships
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Internet of things report capgemini consulting are companies ready for the trillion dollar prize
1. The Internet of Things: Are Organizations
Ready For A Multi-Trillion Dollar Prize?
2. 2
If you think of the Internet as a domain
driven solely by humans, think again.
Androids are the coming force. We are
talking of the Internet of Things (IoT) – a
world where sensors allow machines
to talk to one another. And, as with our
human-driven Internet, the IoT is a game-
changing, hugely significant opportunity
for the economy and business
organizations. Various research studies
have pegged the value of the IoT at
multiple trillions of dollars. Cisco1
and GE2
estimate that the size of the IoT pie is over
$10 trillion. Research firm IDC estimates
that, in 2020, over 40% of all data in the
world will be data resulting from machines
talking to one another3
. Estimates may
vary but the underlying message is loud
and clear – the value at stake is too large,
and the impact too wide-ranging, for any
hint of complacency.
But do organizations recognize the scale
of the opportunity? Are they prepared
to take advantage of the growing
The Digital Universe is Expanding:
Are You Ready for the Internet of Things?
Cisco and GE estimate
that the size of the IoT pie
is over $10 trillion.
wave of sensor data? In the following
pages, we assess the current state of
organizational readiness, examine why
many organizations seem slow to react,
and set out a roadmap for organizations
that are determined to succeed in this
next chapter of our ever-expanding digital
universe.
For Most Organizations,
These are Early Days in the
Adoption of IoT Solutions
Most organizations are still in the early
stages of adapting their offerings to the
new IoT world. Our research – covering
over 100 leading organizations in North
America and Europe (see Research
Methodology at end of paper) – revealed
that IoT solutions, defined as sensor-
enabled products offered in conjunction
with services, vary significantly in their
levels of sophistication (see Figure 1). The
basic start point is connected products
that generate alerts and notifications
basedonsensorreadings.Moreadvanced
solutions allow remote operation using
sensors. And the most mature solutions
allow organizations to use sensor data
to provide customers with high-value
performance improvement insights.
The majority of organizations provide
solutions that offer only a basic level of
functionality. Our research revealed that
less than 30% support remote operability
and fewer than 40% utilize sensor data to
offer performance improvement insights.
Delivery of alerts and
notifications on product status
Example:
Whirlpool’s smart appliances notify
users when a wash cycle is complete or
the refrigerator door is open, via a
smartphone app
Ability to be controlled and
configured remotely
Example:
GM’s OnStar system allows vehicle
owners to remotely lock and unlock their
car doors, and flash the horn and lights
through a smartphone app
Predictive maintenance and
productivity enhancement
insights based on sensor data
Example:
GE applies advanced analytics
techniques to the data collected from its
connected equipment to improve
machine utilization and efficiency
Basic Information Support
Remote Operability Support
Performance
Improvement Support
Figure 1: Levels of Maturity for IoT Solutions
Source: Capgemini Consulting Analysis
3. 3
Our study also revealed significant
differences across industries. For
instance, industrial manufacturing and
medical device companies are clearly
ahead of other industries in the maturity
of their IoT solutions. Utilities and auto
manufacturing firms offer basic levels
of functionality, but lag when it comes
to more advanced offerings. Insurance,
home appliance and pharmaceutical
companies lag behind other industries
in providing even basic functionality (see
Figure 2).
John Deere, a leading company in
agricultural machinery, is among the few
organizations that provide a full suite of
functionality spanning basic information,
remote operability as well as performance
improvement support. With its
PowerSight solution, for example, John
Deere gathers data from its customers’
connected equipment, generates
machine health alerts, allows equipment
to be remotely programmed, and goes a
step further by providing customers with
Less than 30% of
organizations generate
service revenues from
their IoT solutions.
recommendations on improving machine
utilization and lowering operating
expenses4
.
Over Two-Thirds of
Companies Do Not
Monetize their IoT
Solutions
Early adopters of IoT solutions, such as
GE and General Motors, have shown how
connected products can be the platform
for service revenues. General Motors has
been a pioneer in the use of telematics
to create new revenue streams. With its
OnStar telematics system, the company
generates nearly $1.5 billion in revenues
annually, through several paid safety,
security and navigation services5
.
Similarly, GE launched its “Predictivity” line
of IoT services in 2012, to help industrial
customers manage the data from their
connected equipment. Within just a year
of launch, “Predictivity” generated $290
million in revenues for GE6
.
Figure 2: Maturity of IoT Solutions by Industry
Source: Capgemini Consulting Analysis
High Maturity : >60% of firms provide IoT solutions that support the feature
Medium Maturity : 40-60% of firms provide IoT solutions that support the featureLow Maturity : <40% of firms provide IoT solutions that support the feature
Industry Group
Basic Information Support
(Alerts and Notifications)
Industrial Manufacturing
Medical Devices
Utilities
Auto Manufacturing
Insurance
Home Appliances
Pharmaceuticals
Remote Operability Support
Performance
Improvement Support
(Remote Control and Configuration) (Predictive Maintenance/
Productivity Enhancement Insights)
However, these two organizations are
the exception, and not the rule. Our
research indicates that less than 30% of
organizations generate service revenues
from their connected products. And
the concerns around monetization are
clearly top of mind for organizations. An
executive at a leading car manufacturer
we interviewed said, “Offering the
telematics hardware for free with the
car is not a sustainable option. We need
to have a clear strategy to generate
revenues from services7
.”
4. 4
Offering the telematics
hardware for free with the
car is not a sustainable
option. We need to have a
clear strategy to generate
revenues from services.
Only a small minority
of companies are
using acquisitions or
development of platforms
and APIs as a means
of building Internet of
Things capabilities.
Our research uncovered two monetization
models that are emerging in the IoT
solutions space. In the first model,
connectivity services are offered free for
a limited period of time and charged-
for subsequently through a tiered
mechanism. The idea is to allow the
customer to experience the service value
before migrating to a more regular tiered
package. For instance, Eaton, the US-
based power management major, offers
the “eNotify Remote Monitoring” service
that provides 24x7 remote monitoring of
connected Uninterrupted Power Supply
(UPS) systems8
. The service is offered
free for one year after product purchase,
but is charged for in subsequent years9
.
In the second model, organizations offer
multiple tiers of services, where each tier
is priced differently, based on the breadth
of services offered. For instance, John
Deere offers four different levels of remote
monitoring services under its PowerSight
range of telematics solutions10
.
Most IoT Solutions Do Not
Play Well With Third-Party
Products and Services
The integration of connected products
and sensor data with third-party solutions
enables organizations to enhance their IoT
solutions’ value. By integrating the service
with larger platforms, organizations
stand to tap into a larger ecosystem of
services that can significantly enhance
the customer experience.
A few industrial manufacturing and
automotive firms have taken initial steps
in connecting their offerings with third-
party services. For instance, German
manufacturing major Bosch offers
remote vehicle diagnostics services to
vehicle owners and dealers through its
telediagnostics system11
. To make the
service attractive and most effective for
the consumer, Bosch’s system enables
information exchange with third-party
services such as car workshops and
roadside assistance12
.
However, our research indicates that
less than 15% of organizations offer IoT
solutions that integrate with third-party
products and services.
— A leading car
manufacturer
5. 5
Figure 3: Objectives of Internet of Things Partnerships
Source: Capgemini Consulting Analysis
Partnered with Vodafone to run
a pilot for a usage-based insurance
in-vehicle telematics device
Collaborated with Ford and other
players to launch the MyEnergiLifestyle
initiative to demonstrate the benefits of
a connected lifestyle
Founded the “Bosch Internet of Things
& Services Lab” – in collaboration with
the University of St. Gallen
Partnered with Quirky to develop
a smart air conditioning unit
Partnered with Miele, Stiebel Eltron,
Microsoft, seluxit and IQuest to offer
its SmartHome home automation service
Licensed technology for smart ingestible
pills from Proteus Digital Health
Internet of
Things
Partnership
Drivers
Accelerate
Product
Development
Expand
Service
Offering
License
Technology
Create
Awareness
Run
Pilots
Acquire
Technical &
Business
Know-How
Many Organizations are
Forging Partnerships
but Other Options for
Capabililty Build-Up Lie
Unexplored
Developing IoT solutions often requires
capabilities that organizations do not
possess. Partnerships, acquisitions and
the opening up of platforms or APIs13
can quickly arm organizations with the
capabilities they need. Our research
indicates that close to 60% of
organizations are using partnerships as a
viable approach to develop IoT solutions,
with varying objectives (see Figure 3). An
executive at a leading security systems
firm provided affirmation of this approach,
saying, “We certainly see the need to
partner with Machine to Machine (M2M)
technology providers and data mining
specialists, as well as with our channel
partners, to build future connected
solutions14
.”
Some organizations have looked beyond
partnerships to develop capabilities. For
instance, Honeywell offers APIs that allow
developers, product integrators and
retailers to create custom applications
that integrate with Honeywell’s Wi-Fi
thermostats15
. Another approach is
seen with medical device manufacturer
Medtronic, which has acquired
Cardiocom, a provider of telehealth
services,withtheaimofusingCardiocom’s
expertise to design telehealth services
that work with Medtronic’s wireless
patient monitoring devices.
Honeywell and Medtronic are in the
minority when it comes to using multiple
approaches to skill development. Our
research revealed that only 10% of
companies use acquisitions, or develop
platforms and APIs, as a way to build
capability.
The picture that is emerging is one where
organizations are fighting shy of IoT,
despite the disruptive impact it may have
on their markets and despite the size of
the trillion-dollar prize. In the next section,
we look at some of the reasons for this
surprising reaction, examining the key
challenges that organizations face in the
IoT sphere.
6. Are Organizations Exploiting the
Full Potential of the Internet of Things?
offer basic
information
support
offer remote
operability
support
offer
performance
improvement
insights
10%
are partnering to
develop IoT solutions
Methods of Capability Build-Up
provide IoT solutions
that integrate with
third-party offerings
have made
acquisitions
have developed
open platforms
or APIs
of companies do not provide any IoT solutions
42%
Maturity of IoT Solutions Maturity of IoT Solutions
by Industry
Integration with Third-Party
Solutions
Monetization of IoT Solutions
Home Appliance
and Pharmaceuticals
Industrial
Manufacturing
Medical Devices
Utilities and Automotive
Manufacturing
Insurance
Increasing order of maturity
57%
10%
$
do not generate service
revenues from their
IoT solutions
34%58% 27%
70%
13%
Source: Capgemini Consulting Analysis
7. 7
IoT, like many attractive prizes, comes
with its own unique and significant
challenges. These issues, which mainly
revolve around IT infrastructure and skills,
are putting the brakes on the IoT train
(see Figure 4).
Why Have Organizations
Been Slow to Get Off the Blocks?
The Internet of Things
Creates Significant
Technical Challenges
Existing IT Infrastructure is not
Suited to Manage Rapidly Growing
Volumes of Sensor Data
Managing large volumes of sensor
data from a widely distributed base
of connected devices challenges
the conventional data storage and
management capabilities of organizations.
For instance, nearly 60% of UK-based
firms in a survey agreed that they do
67% of organizations have
little to no infrastructure
for analyzing and acting
on streaming Big Data.
50% of US-based IT
professionals report not
being ready to secure an
ecosystem of connected
devices.
not have the data centre infrastructure
required to extract real-time insights from
their Big Data sets16
. This is a challenge,
as research indicates that data from
embedded systems will grow from 2%
of the digital universe in 2013 to 10% in
202017
.
Organizations Lack Real-Time Data
Analytics Technologies Critical to
Drawing Insights from the Internet
of Things
The volume and velocity of sensor
data flowing into the organization
makes drawing insights particularly
challenging. Many organizations lack
stream processing capabilities, which are
essential for the collection, integration,
analysis and visualization of data in real
time. Sixty-seven percent of organizations
in a survey reported that they lack the
technology support required for analyzing
and acting on streaming Big Data18
.
The Internet of Things Magnifies
Data Security and Privacy
Challenges
Protecting Internet-connected devices
from security threats, as well as dealing
with data privacy risks, are key challenges
in the IoT environment. Recent events
have revealed the enormity of these
challenges. A case in point is the global
attack that took place in late 2013,
where botnets were used to send more
than 750,000 malicious emails from
connected household appliances19
.
Research indicates that organizations
are not adequately equipped to deal
with these new security challenges.
For instance, in a survey of US-based
IT professionals, 50% of respondents
reported not being ready to secure an
ecosystem of connected devices20
.
Figure 4: Prerequisites for the Development and Rollout of IoT Solutions
Source: Capgemini Consulting Analysis
IT Infrastructure Skill Sets
Service-Oriented Sales Force
Product Management
BigData Analytics
Real-Time Customer Support
HighCapacity, Scalable,
Storage Systems
Real-Time Streaming
BigData Analytics
NewDataSecurity and
Privacy Frameworks
8. 8
Organizations Need New
Skill Sets across a Range of
Functions
Traditional Product-Centric
Organizations Lack Capabilities in
Developing and Marketing Internet
of Things Services
The development of IoT solutions
demands a new set of competencies
from traditional product-centric
organizations. They now need to be
able to envision new services, develop
commercial models and design service
contracts that result in continuous
revenue streams. Our discussions with
senior executives revealed that these are
not areas of strength for many product-
centric organizations. A leading car
manufacturer told us, “We need new
skill sets to be able to offer connectivity
services. We need to bring in people
who are more used to developing and
selling services21
.” Similarly, a leading
security systems company highlighted
the need to complement existing product
management capabilities - “The buyers
of our IoT services could potentially be
different from those of our products. Our
product managers will have to understand
and address the needs of these new
customers22
.”
Today’s Product-Focused Sales
Force is not Equipped to Sell IoT
Services
For IoT solutions, a sales force needs to
be comfortable in articulating the value
proposition and potential benefits, which
is critical to convincing often-reluctant
customers to pay for a new class of
services. This is a challenge for today’s
sales force. An executive at a leading
medical technology company highlights
this when he says, “Our sales force has
been used to selling equipment, but
now they need to sell IT solutions. They
need to be able to convince customers
on the value received by connecting
their equipment23
.” This sentiment is
echoed by a director at a leading auto
manufacturer, who said, “Training the
sales force in selling connectivity services
is certainly a challenge. In fact, we see
this challenge intensifying in the future as
we expect the services space to become
even more complex24
.”
The Internet of Things Places New
Demands on Customer Support
Capabilities
Our research indicates that IoT solutions
are likely to increase the complexity of
queries that reach customer support
teams. Moreover, since connectivity
reduces the time lag between the
occurrence of an event and the time
taken for information to reach the
support center, customers are also
likely to expect faster response times.
A senior executive at a leading car
manufacturer highlights the changing
nature of customer requirements when
he says, “The proliferation of Internet-
enabled devices has raised customer
expectations from service providers.
Customers now expect to be informed
about device problems and the required
remedial action, in real-time25
.”
Organizations Lack Big Data
Analytics Talent to Effectively
Interpret Sensor Data
Most organizations currently lack the
analytics skill-sets required to effectively
interpret sensor data. A survey reported
that lack of employee skills/knowledge
is the biggest obstacle facing their
organizations in using IoT26
.
While these infrastructure and skills
challenges are significant, they are not
the only issues that organizations face.
Resistance, for one, is a major problem.
An executive at a medical technology
company outlined how resistance can
come less from the customer – and
more from within the organization,
explaining, “We only have 20% resistance
from the customer and 80% from our
own organization. Consequently, it is a
significant challenge to align our existing
Our sales force has been
used to selling equipment,
but now they need to sell
IT solutions. They need
to be able to convince
customers on the value
received by connecting
their equipment.
— A medical
technology leader
business processes with new IoT-based
service offerings27
.”
The scale of the challenges organizations
face – infrastructure, skills, resistance – is
significant. Therefore, in the following –
and concluding – section, we outline a
roadmap that provides organizations with
some clarity and direction for overcoming
these hurdles and driving their IoT
initiatives to success.
9. 9
How Can Organizations Build a
Successful Internet of Things Solution?
The IoT prize will be won by those who
achieve a change in mindset, from
a product world to a service world.
However, that fundamental mind-shift is
not the only requirement. Organizations
need to get the right IT infrastructure
in place, quickly acquire capabilities in
analytics, and strengthen a whole host of
functional capabilities.
Put the Right IT
Infrastructure in Place and
Acquire Data Analytics
Capabilities
Organizations must invest in alternative
data storage architectures that can be
scaled quickly and cost effectively. This
will allow the business to keep pace with
rapidly growing volumes of sensor data.
Open source distributed data processing
frameworks, such as Hadoop, as well
as cloud-based technologies, lend
themselves to managing vast quantities
Figure 5: How Can Organizations Strengthen Functional Capabilities?
Source: Capgemini Consulting Analysis
of data in an affordable and efficient
manner. Organizations should also invest
in stream processing applications that
enable real-time analysis of sensor data.
Analytics capability also needs to be
acquired, with the CEO of a leading smart
meter firm outlining their comprehensive
approach to this need: “We recruited
analytics professionals, developed
internal training programs, established
partnerships in the area of Meter Data
Management (MDM) and even acquired
a smart meter data management firm28
.”
Strengthen Functional
Capabilities across Product
Management, Sales and
Marketing and Customer
Support
Launching effective IoT solutions will
require organizations to strengthen their
capabilities across a range of areas.
Key among them are sales, product
management, and customer support (see
Figure 5).
Use Trainings and Incentives to
Prepare the Sales Force to Sell IoT
Solutions
Organizations must take active steps to
stimulate their sales force to promote IoT
solutions. However, training alone will
not be sufficient and organizations must
also offer adequate inducements in the
form of additional sales incentives. Finally,
organizations must actively promote early
wins internally to create awareness as well
as share best practices in driving sales
conversions. An executive from a medical
technology company explains how they
encouraged their sales force to push
IoT solutions, “We identified individuals
within our sales force who could act as
champions for our remote equipment
monitoring services29
.”
Emphasize ease-of-use in IoT
solution design to overcome
barriers to adoption
Augment product
management capabilities
with services expertise
Recruit from
service-centric
industries
Create specialized teams
for IoT solution support
Build capabilities in
addressing complex
customer queries
Revise SLAs to meet
customer need for reduced
response time
Share best practices on
driving sales conversions
Promote early
wins internally
Identify IoT
sales champions
Offertrainingin
IoT solution sales
Provide additional
sales incentives
Support Functional Capabilities with Scalable, Cost-Effective IT Infrastructure
Open Source Distributed Data Processing | Cloud Based Infrastructure | Real-Time Analytics
Sales
Product Management
CustomerSupport
10. 10
Augment Product Management
Capabilities with Services Expertise
and Emphasize Ease-of-Use in
Product Design
Organizationsmustaugmenttheirproduct
management teams with the skill sets
required to develop services. To do so,
organizations should consider recruiting
product management professionals
from service-centric industries. Further,
connected solutions must be designed
with a focus on ease-of-use, to overcome
barriers to adoption from internal sales
teams, channel partners and customers.
A senior executive at a leading auto
manufacturer explains how this approach
has proved successful for them - “We
focused on making our fleet management
offering as easy to use as possible, so
that they could be handled by traditional
product-focused salesmen. This has
proved to be quite successful30
.”
Develop Customer Support
Capabilities to Drive Real-Time
Issue Resolution
Organizations will need to create
specialized customer support teams
capable of responding rapidly to complex
customer queries. At the same time,
existing Service Level Agreements (SLAs)
will need to be revised in order to meet
customer expectations of reduced
response times. Some organizations
are already beginning to do this. A
senior executive at a leading medical
technology company explains their plans
to build customer support capabilities
for its remote equipment monitoring
platform: “We are setting up a first
response team consisting of experts and
service engineers. Consumers calling
in with issues related to their connected
equipment will be directed to this team
for faster and more effective resolution of
queries31
.”
The IoT represents the next evolution of
the digital universe. The speed at which
nimble startups and Internet players are
capturing IoT opportunities should serve
as a wake-up call to larger, traditional
organizations. Analyst estimates point to
a world where startups will dominate the
IoT market. Fifty percent of IoT solutions
are expected to originate in startups less
than 3 years old, by 201732
. They may
be less nimble, but bigger organizations
need to step up to the plate. As with all
digital disruptions, being an organization
that is in catch-up mode will be a deeply
uncomfortable place to be.
Open source distributed
data processing
frameworks, such as
Hadoop, as well as cloud-
based technologies, lend
themselves to managing
vast quantities of data
in an affordable and
efficient manner.
We are setting up a first
response team consisting
of experts and service
engineers. Consumers
calling in with issues
related to their connected
equipment will be directed
to this team for faster and
more effective resolution
of queries.
Research Methodology
Analysis of IoT Solutions
We conducted a comprehensive study of IoT products and services offered by over 100 leading companies in North America and
Europe across 7 industry groups. The industry groups covered in our study included Home Appliances, Industrial Manufacturing,
Utilities, Insurance, Pharmaceuticals, Healthcare Products, and Auto Manufacturing. We selected a representative sample of
companies that cumulatively account for 50% of the revenues generated by all firms belonging to these industry groups, in
North America and Europe.
Our research covered four key areas. First, we analyzed the maturity of IoT solutions based on their use of sensor data.
Second, we assessed how organizations are monetizing IoT services. Third, we evaluated the degree of integration of these
IoT solutions with third-party products and services. Finally, we studied the approaches adopted by organizations to accelerate
the development of IoT solutions.
Internal Capability Assessment
To understand the challenges in developing IoT solutions, we conducted wide-ranging interviews with senior executives from
leading global organizations that have undertaken IoT-based initiatives.
— A leading medical
technology company
11. 1 Bloomberg, “Cisco CEO Pegs Internet of Things as $19 Trillion Market”, January 2014
2 GE, “Industrial Internet: Pushing the Boundaries of Minds and Machines”, November 2012
3 IDC, “THE DIGITAL UNIVERSE IN 2020: Big Data, Bigger Digital Shadows, and Biggest Growth in the Far East”,
December 2012
4 John Deere, “John Deere Power Systems Unveils John Deere PowerSight at CONEXPO-CON/AGG”, March 2014
5 Automotive News, “Not satisfied with OnStar’s steady profits, GM wants to create a global 4G powerhouse”, May 2013
6 Business Wire, “GE Launches 14 New Industrial Internet Predictivity Technologies to Improve Outcomes For Aviation, Oil &
Gas, Transportation, Healthcare and Energy”, October 2013
7 Capgemini Consulting interviews
8 Eaton website, “eNotify Remote Monitoring”
9 Eaton website, “Eaton eNotify Remote Monitoring Model Connectivity Hardware Table”
10 Worldhighways.com, “John Deere reveals PowerSight telematics for engines”, March 2014
11 SearchAutoParts.com, “Bosch telediagnostics enhances service experience via remote vehicle diagnostics”, January 2014
12 Autodata, “Bosch unveils remote diagnostics platform”, January 2014
13 Application Programming Interface
14 Capgemini Consulting interviews
15 Honeywell website, “Honeywell Announces Cloud API Program With Home Automation Software Developers”, May 2013
16 Computerweekly, “Inadequate datacentre infrastructure is a barrier to big data analytics”, June 2013
17 EMC-IDC Research, “The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things”, April
2014
18 Vitria, “The State of Real-time Big Data Analytics: 2013 Survey Results”, September 2013
19 Computing, “Cyber attack launched through fridge as internet-of-things vulnerabilities become apparent”, January 2014
20 PR Newswire, “SANS Announces Results of its 2013 Securing the Internet of Things Survey”, January 2014
21 Capgemini Consulting interviews
22 Capgemini Consulting interviews
23 Capgemini Consulting interviews
24 Capgemini Consulting interviews
25 Capgemini Consulting interviews
26 EIU, “The IoT Business Index: A Quiet Revolution Gathers Pace”, June 2013
27 Capgemini Consulting interviews
28 Capgemini Consulting interviews
29 Capgemini Consulting interviews
30 Capgemini Consulting interviews
31 Capgemini Consulting interviews
32 Gartner, “Forecast: The Internet of Things, Worldwide, 2013”, November 2013
References