The document discusses how the rise of the Internet of Things will require organizations to adapt their corporate structures and executive roles. As IoT connects more devices and generates unprecedented data, executives must work together across functions like operations, technology, information, marketing and human resources. The CEO must recognize opportunities in big data while the CIO manages vast information flows. As privacy and security challenges emerge, the CSO and CLO must collaborate to ensure compliance. Overall, success in the IoT era will depend on innovation through interdependent relationships between C-level executives.
Organisations that embrace the move towards personalised technology can create more opportunities for collaboration and find new ways to grow the business.
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.
Ten Technology Trends that Will Shape the Next-Generation InternetCisco Services
The 10 technology trends discussed in this paper (http://www.cisco.com/web/about/ac79/docs/sp/Next-Generation-of-the-Internet.pdf) will significantly alter the next generation of the Internet. Characterized as the New Digital Explosion, the future Internet will be considerably faster, smarter, more connected and pervasive, and more mobile. This new world will ignite life- and society-changing applications and services that may be unimaginable today. In the not-so-distant future, our children will be viewed as the “Internet dinosaurs.”
Don't forget to follow us on SlideShare!
If you are a service provider and would like to be contacted about how we can help your business, please fill out the form at the end of this presentation.
This presentation was done for our term paper where we went to two organizations namely Shwapno and The City Bank ltd of Bangladesh and conducted survey on the employees about how they were using their information systems and how much comfortable they were. a brief discussion of information systems is provided here with a discussion on nformation systems in perspective of Bangladesh.
Organisations that embrace the move towards personalised technology can create more opportunities for collaboration and find new ways to grow the business.
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.
Ten Technology Trends that Will Shape the Next-Generation InternetCisco Services
The 10 technology trends discussed in this paper (http://www.cisco.com/web/about/ac79/docs/sp/Next-Generation-of-the-Internet.pdf) will significantly alter the next generation of the Internet. Characterized as the New Digital Explosion, the future Internet will be considerably faster, smarter, more connected and pervasive, and more mobile. This new world will ignite life- and society-changing applications and services that may be unimaginable today. In the not-so-distant future, our children will be viewed as the “Internet dinosaurs.”
Don't forget to follow us on SlideShare!
If you are a service provider and would like to be contacted about how we can help your business, please fill out the form at the end of this presentation.
This presentation was done for our term paper where we went to two organizations namely Shwapno and The City Bank ltd of Bangladesh and conducted survey on the employees about how they were using their information systems and how much comfortable they were. a brief discussion of information systems is provided here with a discussion on nformation systems in perspective of Bangladesh.
How Smart Products Help Companies Profit From DataBernard Marr
Data and AI are making our products smarter, which in turn can generate new and valuable data back to businesses. In this article, we explore the important relationship between data in our ever-smarter products.
How has covid 19 impacted mobile app development projectsMaryamMiahan
This pandemic outbreak has affected almost everything and of course mobile app development industry also, but it has raised the mobile app demand in market now. Visit: https://www.appsquadz.com
The Internet of Things: P&C Carriers & the Power of DigitalCognizant
As P&C carriers struggle to achieve and maintain profitable growth, they must prepare for and stay in step with advancements in digital technologies. The Internet of Things (IoT) and its network of connected devices and objects makes it possible for carriers to transform how they communicate, collaborate, and operate, and strengthen their capabilities in a number of key areas.
Intelligent Automation: Exploring Enterprise Opportunities for Systems that D...Cognizant
To compete in an era of globalization and fast-moving business change, organizations need to apply smart technologies, which can reduce costs, increase scalability, improve accuracy, boost speed and make better use of human efforts.
Emerging Technologies: Changing how we live, work and play EY-Mint Emerging ...eraser Juan José Calderón
Emerging Technologies: Changing how we live, work and play
EY-Mint Emerging Technologies Report 2019.
Una gran cantidad de tecnologías emergentes está dando forma a nuestras vidas, posiblemente a un ritmo de cambio nunca antes visto en la historia. Habilitado por el poder de cómputo barato y el acceso a grandes conjuntos de datos, las máquinas ya están haciendo un mejor trabajo que los humanos en varias áreas. Esta "inteligencia" se está alejando de las granjas de servidores centrales hacia dispositivos y cosas que pronto se convertirán en parte de nuestra vida cotidiana. Estos dispositivos potencialmente negociarán su propio camino en nuestro mundo a través de "contratos inteligentes" y sin una intervención humana significativa. La información perceptiva superpuesta sobre estos objetos del mundo real nos ayudará a salir de los dispositivos móviles que han captado nuestra atención en este mundo posterior a Internet. Lo que parece único en este momento actual es la rápida adopción de muchas de estas tecnologías habilitadoras y su potencial para trabajar juntos para cambiar nuestras vidas.
State of the internet of things (IoT) market 2016 editionPrayukth K V
2015 was the year IoT gained legitimacy.
Businesses budged off a “start small think big” mindset.
In 2016, they’re building IoT into future strategies and
business models. Companies across all industries now
have IoT squarely on their radar. The worldwide Internet
of Things market spend will grow from $591.7 billion
in 2014 to $1.3 trillion in 2019 with a compound annual
growth rate of 17%. The installed base of IoT endpoints
will grow from 9.7 billion in 2014 to more than 25.6 billion
in 2019, hitting 30 billion in 20201.
Un estudio reportado por la Harvard Business Review muestra las tres estrategias encontradas para explotar totalmente las capacidades de Big Data y Analytics en una organización, estas son: 1) identificar, combinar y manejar múltiples fuentes de datos. 2) Construir modelos analíticos avanzados para predecir y optimizar resultados. 3) Transformar las capacidades de la organización de tal forma que los datos utilizados y el análisis de los mismos lleven a tomar mejores decisiones. El modelo de Cloud computing sirve para cada uno de las capacidades anteriormente mencionadas.
Top machine learning trends for 2022 and beyondArpitGautam20
Exciting Machine Learning Trends that will emerge in 2022 & beyond and redefine the way ML Models & ML Technologies are used by enterprises. https://arsr.tech/top-machine-learning-trends-for-2022-and-beyond/
MODERNIZING YOUR WORKPLACE WITH THE NEW OFFICEMicrosoft India
By combining the use of PCs, smartphones and tablets with increased internet connectivity, bandwidth and the Cloud, people are able to work more flexibly than ever before. Learn about the modernization of your workspace with the power of the new Office from this whitepaper.
Follow @ModernBizIn for tips to make your business more productive, agile and highly responsive.
Where do telecom operators go from here?CM Research
Why have telecom operators performed so badly over the last decade and what strategy do they need to adopt in order to remain relevant in the Digital World?
Telcos’ have consistently underperformed analyst and market expectations … their stock market recoveries after the 2000 crash and the 2007 crash were weak relative to the rest of TMT.
Their core revenues – voice, messaging and internet access – are now in terminal decline (or at least moving towards terminal decline).
Their future is tied to over-the-top services such as internet TV, mobile payments and cloud services.
Telcos remain the most over-regulated part of the internet value chain, so any super-normal profits they attempt to make from new technology cycles risk being capped by the regulator.
In order to survive, Telcos need to latch on to one of the many emerging technology cycles mentioned on page 19.
But they also need to change their business models:
- By moving towards software services
- By restructuring their businesses such that their new products are not regulated
- By consolidating to eliminate excess competition
SK Telecom is an example of how the move to software can raise shareholder returns.
BT’s ring-fencing of its regulated activity into Openreach is an example of the type of internal restructuring that can raise shareholder returns
AT&T and Verizon are living proof that industry consolidation will raise shareholder returns.
How Smart Products Help Companies Profit From DataBernard Marr
Data and AI are making our products smarter, which in turn can generate new and valuable data back to businesses. In this article, we explore the important relationship between data in our ever-smarter products.
How has covid 19 impacted mobile app development projectsMaryamMiahan
This pandemic outbreak has affected almost everything and of course mobile app development industry also, but it has raised the mobile app demand in market now. Visit: https://www.appsquadz.com
The Internet of Things: P&C Carriers & the Power of DigitalCognizant
As P&C carriers struggle to achieve and maintain profitable growth, they must prepare for and stay in step with advancements in digital technologies. The Internet of Things (IoT) and its network of connected devices and objects makes it possible for carriers to transform how they communicate, collaborate, and operate, and strengthen their capabilities in a number of key areas.
Intelligent Automation: Exploring Enterprise Opportunities for Systems that D...Cognizant
To compete in an era of globalization and fast-moving business change, organizations need to apply smart technologies, which can reduce costs, increase scalability, improve accuracy, boost speed and make better use of human efforts.
Emerging Technologies: Changing how we live, work and play EY-Mint Emerging ...eraser Juan José Calderón
Emerging Technologies: Changing how we live, work and play
EY-Mint Emerging Technologies Report 2019.
Una gran cantidad de tecnologías emergentes está dando forma a nuestras vidas, posiblemente a un ritmo de cambio nunca antes visto en la historia. Habilitado por el poder de cómputo barato y el acceso a grandes conjuntos de datos, las máquinas ya están haciendo un mejor trabajo que los humanos en varias áreas. Esta "inteligencia" se está alejando de las granjas de servidores centrales hacia dispositivos y cosas que pronto se convertirán en parte de nuestra vida cotidiana. Estos dispositivos potencialmente negociarán su propio camino en nuestro mundo a través de "contratos inteligentes" y sin una intervención humana significativa. La información perceptiva superpuesta sobre estos objetos del mundo real nos ayudará a salir de los dispositivos móviles que han captado nuestra atención en este mundo posterior a Internet. Lo que parece único en este momento actual es la rápida adopción de muchas de estas tecnologías habilitadoras y su potencial para trabajar juntos para cambiar nuestras vidas.
State of the internet of things (IoT) market 2016 editionPrayukth K V
2015 was the year IoT gained legitimacy.
Businesses budged off a “start small think big” mindset.
In 2016, they’re building IoT into future strategies and
business models. Companies across all industries now
have IoT squarely on their radar. The worldwide Internet
of Things market spend will grow from $591.7 billion
in 2014 to $1.3 trillion in 2019 with a compound annual
growth rate of 17%. The installed base of IoT endpoints
will grow from 9.7 billion in 2014 to more than 25.6 billion
in 2019, hitting 30 billion in 20201.
Un estudio reportado por la Harvard Business Review muestra las tres estrategias encontradas para explotar totalmente las capacidades de Big Data y Analytics en una organización, estas son: 1) identificar, combinar y manejar múltiples fuentes de datos. 2) Construir modelos analíticos avanzados para predecir y optimizar resultados. 3) Transformar las capacidades de la organización de tal forma que los datos utilizados y el análisis de los mismos lleven a tomar mejores decisiones. El modelo de Cloud computing sirve para cada uno de las capacidades anteriormente mencionadas.
Top machine learning trends for 2022 and beyondArpitGautam20
Exciting Machine Learning Trends that will emerge in 2022 & beyond and redefine the way ML Models & ML Technologies are used by enterprises. https://arsr.tech/top-machine-learning-trends-for-2022-and-beyond/
MODERNIZING YOUR WORKPLACE WITH THE NEW OFFICEMicrosoft India
By combining the use of PCs, smartphones and tablets with increased internet connectivity, bandwidth and the Cloud, people are able to work more flexibly than ever before. Learn about the modernization of your workspace with the power of the new Office from this whitepaper.
Follow @ModernBizIn for tips to make your business more productive, agile and highly responsive.
Where do telecom operators go from here?CM Research
Why have telecom operators performed so badly over the last decade and what strategy do they need to adopt in order to remain relevant in the Digital World?
Telcos’ have consistently underperformed analyst and market expectations … their stock market recoveries after the 2000 crash and the 2007 crash were weak relative to the rest of TMT.
Their core revenues – voice, messaging and internet access – are now in terminal decline (or at least moving towards terminal decline).
Their future is tied to over-the-top services such as internet TV, mobile payments and cloud services.
Telcos remain the most over-regulated part of the internet value chain, so any super-normal profits they attempt to make from new technology cycles risk being capped by the regulator.
In order to survive, Telcos need to latch on to one of the many emerging technology cycles mentioned on page 19.
But they also need to change their business models:
- By moving towards software services
- By restructuring their businesses such that their new products are not regulated
- By consolidating to eliminate excess competition
SK Telecom is an example of how the move to software can raise shareholder returns.
BT’s ring-fencing of its regulated activity into Openreach is an example of the type of internal restructuring that can raise shareholder returns
AT&T and Verizon are living proof that industry consolidation will raise shareholder returns.
Cocon sémantique : Coup Marketing ou Révolution par Frédérik BobetTrikaya Communication
Du cocon sémantique technique à la détermination des intentions des internautes et des personas marketing qui entourent votre thématique.
Le SEO pour les internautes et pour les moteurs de recherche peut être vu au travers du prisme du cocon sémantique.
Comment réfléchir à un contenu actionnable et progressif ?
Comment être présent et actif à toutes les étapes de l'acte d'achat de vos internautes ?
The Internet Of Things will have an increasing impact to all industries and health and fitness are no exception. This definitive guide provides a blue print for the things we all need to keep in mind as we adopt the IOT revolution.
Attaining IoT Value: How To Move from Connecting Things to Capturing InsightsSustainable Brands
Cisco estimates that the Internet of Everything (IoE) — the networked connection of people, process, data, and things — will generate $19 trillion in Value at Stake for the private and public sectors combined between 2013 and 2022. More than 42 percent of this value — $8 trillion — will come from one of IoE’s chief enablers, the Internet of Things (IoT). Defined by Cisco as “the intelligent connectivity of physical devices, driving massive gains in efficiency, business growth, and quality of life,” IoT often represents the quickest path to IoE value for private and public sector organizations.
This paper combines original and secondary research, as well as economic analysis, to provide a roadmap for maximizing value from IoT investments. It also explains why, in the worlds of IoT and IoE, the combination of edge computing/analytics and data center/cloud is essential to driving actionable insights that produce improved business outcomes.
IoT's rapid evolution marks the next stage in the innovation economy - White ...Technicolor
Like many new technology trends – such as Big Data or Cloud
Computing – that have captured the imagination of consumers
and business executives alike, the Internet of Things, or IoT,
has become a bit like a “Rorschach Test.” People see what they
want to see with the term is invoked.
To be fair, IoT lends itself to this tendency, because the concept
is so incredibly big, and its implications so deep. At its root IoT
is about devices talking to each other without human intervention
using the internet protocol. But this alone would cleanly fall into
the category of machine-to-machine (M2M) communications.
“When you look at what’s happening with IoT devices, explains
Danny Lousberg, Director of Product Management for Qeo
at Technicolor, “you will see a huge effort to create a vertical
ecosystem in which a specific device is communicating with a
specific back-end server that lives somewhere in the cloud to
tackle a specific use case for the user. And that means these
devices all are battling for a piece of mindshare and eyeballs.”
“The Internet of Things is inherently different from M2M
communication because M2M is really meant to solve large-scale
problems for a big group of devices that are all trying to work
together in a larger environment that is not necessarily controlled
by the end user.”
What makes IoT truly powerful is when M2M is linked to Mobility,
Big Data, Cloud Computing and other critical elements in today’s
modern technology infrastructure to empower and provide
options to end-users.
“From my perspectives, it will be virtually impossible to view these
technological paradigms independent of each other and from IoT,”
says Kurt Jonckheer, General Manager, Virdata, and VP, Strategic
Projects, Technicolor.
“The promise of IoT is that devices and appliances of all sorts
will, without human interference, interact with each other to
create a better experience for users by engaging in things like
self-diagnosis, harnessing event-driven actions that enhance
the human experience, or simply reduce costs in an intelligent
and automated manner.”
This combination of technologies is already generating billions
of dollars in revenue. Trillions more will be triggered as
businesses come to grips with the true potential of IoT.
Internet of Things (IoT): More than Smart “Things”Ahmed Banafa
By 2020, experts forecast that up to 28 billion devices will be connected to the Internet with only one third of them being computers, smartphones and tablets. The remaining two thirds will be other “devices” – sensors, terminals, household appliances, thermostats, televisions, automobiles, production machinery, urban infrastructure and many other “things”, which traditionally have not been Internet enabled.
This “Internet of Things” (IoT) represents a remarkable transformation of the way in which our world will soon interact. Much like the World Wide Web connected computers to networks, and the next evolution connected people to the Internet and other people, IoT looks poised to interconnect devices, people, environments, virtual objects and machines in ways that only science fiction writers could have imagined.
In a nutshell the Internet of Things (IoT) is the convergence of connecting people, things, data and processes is transforming our life, business and everything in between.
5 Infrastructure Trends That Will Reshape IT By 2023.docxjustspamxox
Healthcare is a fundamental aspect of any society, reflecting the overall well-being and prosperity of its citizens. It encompasses a vast array of services, from preventive care to acute treatments, aiming to ensure that individuals can lead healthy and fulfilling lives. In recent years, the healthcare sector has undergone significant transformations, driven by technological advancements, demographic shifts, and evolving public expectations. This article delves into the multifaceted world of healthcare, exploring both its challenges and the promising opportunities that lie ahead.
Challenges in Healthcare:
Access Disparities:
Access to quality healthcare remains a global challenge. Disparities in healthcare access are influenced by factors such as socioeconomic status, geographical location, and cultural barriers. Bridging these gaps requires a concerted effort from governments, healthcare providers, and communities to ensure that everyone has equal access to essential healthcare services.
Rising Costs:
The escalating costs of healthcare services pose a significant challenge, particularly in countries with complex healthcare systems. The burden of high medical expenses can lead to financial strain on individuals and families. Governments and healthcare organizations are continuously exploring ways to enhance efficiency and reduce costs without compromising the quality of care.
Technological Integration:
While technological advancements have the potential to revolutionize healthcare, integrating new technologies into existing systems poses challenges. Issues such as data security, interoperability, and the digital divide must be addressed to fully harness the benefits of innovations like telemedicine, artificial intelligence, and electronic health records.
Public Health Emergencies:
The world has witnessed the impact of global health crises, such as the COVID-19 pandemic. Such events highlight the need for robust public health infrastructure, effective crisis management, and international collaboration to respond swiftly and effectively to emerging threats.
Opportunities in Healthcare:
Preventive Healthcare:
Shifting the focus from treatment to prevention presents a significant opportunity for healthcare improvement. By promoting healthy lifestyles, early detection, and proactive interventions, healthcare systems can reduce the burden of chronic diseases and improve overall population health.
Telehealth and Remote Monitoring:
The expansion of telehealth services and remote patient monitoring has the potential to enhance accessibility and convenience for patients. This technology-driven approach allows healthcare providers to reach individuals in remote areas and monitor chronic conditions more effectively.
Personalized Medicine:
Advances in genomics and data analytics have paved the way for personalized medicine, tailoring treatments to an individual's genetic makeup and lifestyle. This approach holds promise for more effective and target
Five Converging Forces that Are Driving Technological EvolutionCognizant
The digital era is catalyzing business, unleashing technological change that may appear chaotic on the surface but is resulting in massively powerful systems of intelligence that enable humans and machines to collaborate securely.
FinTech is more important than ever when it comes to keeping up in the rapidly changing financial industry. Technologies such as cloud computing, data analytics, Artificial Intelligence (AI) and the Internet of Things (IoT) have the potential to cut costs, retain customers and protect against cyberthreats, as long as organizations are willing to invest in them.
See more: http://ms.spr.ly/6005pvK4x
A convergence of technology trends will transform the role of enterprise information technology (IT) between now and 2020. The proliferation of cloud computing, of mobile devices and of new data sources will make corporate processes and outcomes radically more transparent to employees, to business partners and to customers, but will also place new demands on IT departments and on chief information officers (CIOs).
1. July 2015
The Internet of Things: Adapting
Corporate Structure to Reflect the
Connectivity of IoT
1. Introduction
The Internet of Things will allow organizations, governments, and individuals access to more data
than at any other point in history. The implications of this phenomenal information increase are
boundless, and we are just beginning to understand and imagine the possibilities.
“At its most fundamental level, what the Internet of Things provides is knowledge,” explains Dr.
Dennis Cronin, COO at Steel ORCA, a provider of global data center services. “Assuming we can
prevent the corruption of that knowledge, we will experience the greatest commercial and
cultural revolution of all-time.”
As the Internet of Things touches and transforms every facet of business, agile, innovative
executives that work reciprocally across verticals will be crucial to an organization’s success.
2. In order to evolve and develop a unique position in the marketplace, an organization’s corporate
structure must mirror the connectivity that the Internet of Things will allow amongst companies,
clients, and consumers.
2. The Internet of Things Defined
The Internet of Things is the network of people and objects connected via the internet, each with
their own unique identifier and capable of transmitting data over a network without direct
human interaction.
The “internet” officially evolved into the “Internet of Things” once there were more devices
connected to the internet than there were people. As of today, there are approximately 1.6
devices per user connected to the internet. That number will explode within the next five years:
By 2020, the number of users connected to the internet is expected to increase 33% – to
approximately 4 billion. Dwarfing that growth, however, is the number of devices connected to
the Internet: An increase of 400% is expected, from 4.9 billion today to 25 billion in 2020. That
equates to 6.25 devices per user.
Simply put, the Internet of Things will pervade every aspect of first-world life, from wearable
technology and smart home devices to advancements in environmental conservation and
innovations in manufacturing, healthcare, and transportation.
3. 3. Why Now?
The Internet of Things is not new. The phrase was first coined in 1999 and the number of
internet-connected devices surpassed the number of users in 2008. So why is the Internet of
Things swiftly becoming omnipresent in business planning discussions across every industry?
Lee Congdon, CIO of Red Hat, the world’s leading provider of open source solutions, recognizes
the Internet of Things as an integral component of today’s emerging business practices. “The
Internet of Things is a central element of our burgeoning transition to an information-based
economy,” Congdon notes. “If past experience is a guide, the shift will occur more rapidly than
some incumbents are able to adapt. The time to prepare for this extraordinary opportunity is
now.”
There are three main factors spurring today’s pervasiveness of the Internet of Things:
IPv6: Creating Infinite Growth
On the most fundamental level, there is the long-awaited transition of internet address protocol.
Each device on the Internet of Things must utilize a unique IP address as its identifier. 90% of
devices connected to the internet today utilize the communications protocol IPv4. However, IPv4
addresses are finite in number and exhausted their maximum limit of 4.3 billion in 2011, spurring
the official global launch of its successor protocol, IPv6, the following year. IPv6 can sustain
3.4 x 1038 devices, or 340 trillion trillion trillion – a seemingly infinite number.
Hardware: Increasingly Smaller and Decreasingly Expensive
The concept of the Internet of Things is a ubiquitous network, and a ubiquitous network will only
be possible if the devices that comprise it are enabled with sensors that are increasingly smaller,
lighter weight, more efficient, lower cost, and powered wirelessly.
4. Alex Osadinski, an investor, board member, and founder of several organizations, explains, “One
of the biggest empowerments of the Internet of Things space is the shape and structure of the
underlying hardware and software. There will be new challenges, and hence opportunities,
derived from the highly heterogeneous nature of Internet of Things devices.”
In recent years, sensors have become increasingly inexpensive to produce and incredibly small.
This newfound flexibility is ushering in a massive period of great experimentation. Companies in
every industry will have access to seemingly infinite new types of data. “This will be yet another
reinvention of the internet,” Osadinski continues. “We’re likely to see the same frontier behavior,
which will confuse, irritate and challenge us, and then provide us with new capabilities and
applications that we haven’t begun to imagine.”
Smartphones and Wearable Technology: Internet Portability
The escalation of smartphone usage and the adoption of wearable technology have allowed the
ubiquitousness required to power the Internet of Things. Worldwide smartphone usage has
increased 45% in the last two years alone, and is anticipated to increase an additional threefold
over the next five years, with 6 billion smartphones in use by 2020. Likewise, the number of
applications available for download has nearly doubled in the last two years, with 10 million apps
expected by 2020.
Poised for even greater growth is the wearable technology industry, covering everything from
watches and fitness wristbands to smart glasses and sensor-imbedded socks. Wearables are
expected to increase fivefold in the next five years, from 33 million today to over 150 million in
2020. Smartwatches, which currently account for one-third of the wearable technology market,
will continue to dominate the industry with other devices carving out their own niches as
wearables become more comfortable and more ingratiated into our daily routines and business
processes.
5. 4. The Internet of Things and the C-Suite
Data: Quantity and Quality
The Internet of Things will affect every function within every company within every industry.
It will make every business a data-driven business. Not only consumer-driven industries like
advertising, healthcare, finance, and consumer products and services, but non-consumer
businesses like industrial, logistics and transportation, and natural resources and energy. The
Internet of Things will fuel a phenomenal increase in not just the amount of data we have access
to, but the type of data.
Drew Fassett, CRO at leading data center provider, BYTEGRID, sees firsthand the importance of
data collection and analysis in every industry. “To stay ahead of the technology curve, companies
have to evolve into data-driven providers with real time analytics for not only internal metrics,
but more importantly, to provide customers with value added insight and solutions.”
Currently, data is collected in a conversational manner. A specific question is asked and
answered. The Internet of Things will fundamentally change data collection from a conversation
to an unspoken, never-ending stream of consciousness. Instead of data being collected by
specific, pointed requests, the sensors embedded in everything from smartphones to banks to
bridges will allow ongoing, omnipresent data collection. These devices remove human interaction
and judgement from data collection, creating an immeasurable and unshaped mass of data.
Kevin Grundy, a founder of and executive at several companies, makes the following comparison:
“The Internet of Things promises a new era wherein instead of inviting friends and contacts to
follow your life via social media outlets such as Facebook and LinkedIn, commercial entities on
the Internet will automatically track you throughout your daily adventures.”
This influx of data will unquestionably change the way we do business, but it also holds the
potential to change our business models, as well. The amount and type of data collected by the
Internet of Things is an information evolution the likes of which we have never before seen, as
structure will not be imposed on the data at the time of collection but rather after it has been
collected, transported, and stored.
6. “One of the most important implications of the Internet of Things is the realization that massive
amounts of information can be captured and harnessed to make more insightful decisions about
behavior,” foresees Sean Farney, Head of Global Technology Operations at Boston Consulting
Group. This holds phenomenal potential for interpretation and identification of data trends that
will create, expand, transform, and eliminate countless business functions. For C-suite executives
and board members, this creates a unique set of challenges and opportunities.
Function-by-Function: Connectivity is Key
Although at its core, the Internet of Things is a technological evolution, it is fueling a business
revolution. Leading an organization to evolve with the Internet of Things is not the responsibility
of a single technology executive. Rather, it is an understanding, attitude, and adeptness that
must be adopted within every executive role of the organization.
“In order to thrive in the Internet of Things landscape, organizations require greater talent with
the skills to create algorithms and intelligence that will ultimately empower society to be that
much better,” says Caroline Tsay, VP/GM Online Business at Hewlett-Packard.
Chief Executive Officer
As the highest echelon of executive, the CEO has perhaps the most widespread responsibilities
when it comes to the Internet of Things. The CEO must have an understanding of the
organization’s business model that is extensive enough to identify and comprehend how large
amounts of contextually blank data can alter and improve the organization’s competitive
advantage. “The Internet of Things will continue to disrupt old value chains and service models,”
notes James McFadzean, North American Technology Practice Leader and Director at Stanton
Chase. “Seizing the opportunity will be key to ensuring future competitive advantage in all
industries.” The CEO must recognize synergetic resources within the organization and ingrain a
culture of experimentation, innovation, and reciprocity.
Chief Operating Officer
For the COO, the Internet of Things opens the door to limitless possibilities to reduce costs and
improve efficiencies. More than ever before, Operations will have access to data from every facet
of the internal organization as well as the customer experience. The biggest challenge for the
COO will be to effectively communicate and implement these data-based cost saving initiatives
throughout the organization.
7. Chief Technology Officer
The greatest strength of a CTO exploring the Internet of Things is innovation. As the CTO
develops technology products and processes, there is phenomenal opportunity to differentiate
the organization from competitors. Data collection will become cheap and commoditized; the
true opportunity for defining an organization’s uniqueness within the marketplace will come from
the CTO’s ability to see the potential for innovation that others do not. “The Internet of Things is
forcing massive change on corporate IT,” explains Sean Farney of Boston Consulting Group.
“Those who identify, embrace, and empower their functional domains to react to this emergent
trend will thrive. Those who do not, will disappear.” A symbiotic relationship between the CTO
and CMO offers the potential to strengthen an organization’s competitive advantage.
Chief Information Officer
As the amount of data stored increases fiftyfold within the next five years, the CIO will have the
greatest logistical challenge of any executive. The sheer magnitude of data to collect, transmit,
store, and secure will necessitate organizational changes within every company. Sean Farney of
Boston Consulting Group continues, “In the business realm, the rapid adoption of data analytics
in strategy formation affects everything from operations to product development. The impact of
this paradigm shift on a CIO's organization is significant and Darwinian: Change or be
outsourced.” The CIO will need to empower every function within the organization to embrace
the concept of Big Data and incorporate its power and flexibility into every business process.
Chief Digital Officer
The most crucial dynamic that a successful CDO pioneers is integration of traditional business
and digital strategies. The CDO acts as a conduit of sorts, designing, facilitating, and
implementing cooperative initiatives between the CIO and CMO. The CDO must organize a
cross-functional team that understands the implications that Big Data has on the organization’s
relationship with its customers and clients.
Chief Security Officer
The CSO will need a unique perspective when approaching data security, as there is no
precedent for the volume of data available or the method in which it will be collected via the
Internet of Things. “Each and every device presents an opportunity to both collect and lose data,”
explains Andre Turenne, Partner at D.E. Shaw Ventures. “This is the greatest risk of the Internet of
Things, and one that must be mitigated to insure security for individuals, organizations, and
governments.” The number of third party vendors will explode to keep up with the need, many
of which will lack the experience necessary to understand what data they are collecting and how
to keep it secure. Vetting these vendors will be vital to an organization’s success.
8. Chief Legal Officer
The CLO faces the most unpredictable scenario in the Internet of Things landscape, as there is
little to no formal regulation on the privacy and limitations of data collected via Internet of
Things devices. In one study done last year, more than half of the 100 most popular self-tracking
apps in the iTunes Store were determined to not have a privacy policy of any kind, and those
that did have privacy policies were inconsistent and vague. Another study conducted in the same
timeframe revealed that 70% of the current Internet of Things devices transmitted at least some
portion of their data over unencrypted networks. Until formal legal parameters are set and data
is secured, this ambiguity has the potential to wreak havoc on the CLO’s domain.
Chief Financial Officer
Bruce MacLean, CFO at Infomart Data Centers, already finds the Internet of Things to be integral
in his daily management. “Our accounting, payroll, HR, phone systems – all of our administrative
and financial functions are connected and supported via the Internet.”
The CFO will need to adopt an offensive approach in order to keep finance and accounting
information secure in the age of the Internet of Things. The data acquired via an organization’s
internet-enabled devices will be new, limitless, and contextually raw. Such a wealth of information
has the potential to be reconfigured and mined for trends that offer insight into an
organization’s business activities, be it customer purchasing habits, production information, or
shipping histories. The CFO will need to work closely with the CIO and CSO to insure the security
not just of financial records, but of any data that could be used by an unscrupulous third party
to gain an understanding of an organization’s dealings.
Chief Marketing Officer
The CMO is wading into unchartered waters with the sheer magnitude and variation of data
collected by the Internet of Things. Never before have companies had the opportunity to learn
so much about their customers and clients, nor have they had the need to make their message
so personalized. Amy Cielinski, VP Marketing at Canara, a firm that provides infrastructure
monitoring and predictive analytics, understands the importance of data reliability and analysis in
successful marketing strategies. “We foresee increasingly detailed visibility as the Internet of
Things continues to penetrate data centers and critical power infrastructure systems. We will
need to expand, extend, and integrate to translate the data to information and predictive
perspectives for our customers.”
However, with this increase in information and its consequential marketing implications, there is
a concurrent need to reassure customers that their proprietary and personal data is secure and
9. being used within the predetermined parameters that they have agreed to. Breaches in security
are just as much a marketing problem as they are a legal one. The CMO will need to work in
close conjunction with the CIO, CSO, and CLO to insure that an organization’s marketing
practices are safe, legal, and not exposing the company to litigious actions.
Chief Human Resources Officer
Much like the COO, the Internet of Things will empower the CHRO with a wealth of new
information and capabilities to improve relationships and efficiencies. Using wearables to monitor
and improve the health of an organization’s employees could minimize sick leave and reduce
health care costs. However, the CHRO will need to exercise the same level of caution as the CLO
as formal legislation is put in place regarding the privacy of data collected via internet-enabled
devices. At what point does this monitoring of employees’ health extend beyond corporate
policy and constitute an invasion of privacy? The CHRO will need to work closely with the
internal communications team led by the CMO to communicate and institute these policies to
employees.
Interdependent Executive Relationships
Crucial to the Internet of Things Evolution
10. 5. Conclusion
The Internet of Things ushers in an evolutionary time for business. Organizations will come to
know more about their customers, clients, employees, and third party vendors than ever before.
How this data is collected, secured, analyzed, and utilized to create a competitive advantage will
be largely determined by the relationships of an organization’s executives.
As the Internet of Things expands and stabilizes, every company will have access to vast amounts
of data. The data is not what will empower an organization to be successful. Rather, innovation,
communication, and reciprocity between executives and their teams will be the differentiating
factors.
6. About Stanton Chase
Founded in 1990, Stanton Chase is your global leadership partner, recognized for exceptional
results around the world.
With 350 consultants in 72 offices across 43 countries, Stanton Chase is unique in the executive
search industry, offering clients the expertise and global reach of one of the world’s ten largest
executive search firms complemented by the service, industry expertise, and personal
relationships usually reserved for small, boutique practices.
We welcome the opportunity to discuss how our firm can empower your organization.
11. For more information, please visit www.stantonchase.com or contact us:
James McFadzean
North America Technology Practice Leader
Director
j.mcfadzean@stantonchase.com
Jim, a 25-year veteran of the executive search industry, is based in the San Francisco office of Stanton
Chase as a Director and serves as a member of the Global Technology Practice Group. He also leads
the local Technology search consultancy team.
His distinguished career has included positions with leading international and boutique search firms
where his assignments have spanned virtually all C-level positions, including boards of directors,
engineering, operations, finance, sales, marketing, and legal. Jim has also spearheaded searches for
start-up, emerging growth, and venture capital firms.
Prior to joining Stanton Chase, he was senior partner and founder of a local retained-search firm
serving high technology companies. Jim also served as the U.S. Practice Leader for the Advanced
Technology Practice for DHR International and as a partner with Ray & Berndtson and A.T. Kearney.
Andrew Lane
Managing Director
Milwaukee
a.lane@stantonchase.com
Andy brings 25 years of experience designing and fulfilling executive search strategies across diverse
industries and markets, serving senior executives in both product and service based businesses from
early stage to international F100 corporations. He has particular expertise in empowering high-growth
businesses and divisions, emerging product and service initiatives, new ownership, and recently funded
ventures.
Since 2007, Andy’s practice has represented organizations that finance, design, construct, develop, own,
and operate the world’s internet infrastructure, including fiber and data centers. Andy has represented
boards, private equity groups, and CEOs in a wide range of organizations, from entrepreneurial start-
ups to multinational, publicly held companies, as they work to acquire uniquely qualified executive
talent that increase business valuations in this fast-paced, rapidly growing market.
Andy has had the privilege of growing up with the industry and is immersed and recognized as a
speaker, writer, and sponsor of industry events including 7×24 Exchange, Mission Critical Magazine,
IMN, and DataCenter Dynamics. He is proud to call many industry leaders his friends.