This video presentation from Gartner Symposium/ITxpo 2013 explores how the Internet of Things is reinventing industries and driving new usage and business models. This forward-looking presentation demonstrates how enterprises can improve operating processes, customer/citizen interactions and products/services in a world where everything is connected. This is a must-see video for those responsible for digital business innovation and growth strategies in their organization.
Business case: Convenience or cost savings?
500 connected things in the home of the future, in the next few years..
Per Gartner: Consumer usecases are about convenience, cost is not as important. For enterprise, it is all about cost savings..
Europe will be mandating connected homes for energy savings, coming soon and built-in connectivity features. US is 5 to 10 years behind Europe.
Here’s a good slide (last bullet)!
Must be able to answer the following four questions:
There is good news on the hype meter front. According to Gartner, The Internet of Things (IoT) is now close to its “peak of inflated expectations” in the research firm’s 2013 Hype Cycle. As noted last week at Data Center Journal, there are high hopes for the Internet of Things among equipment manufacturers, chipmakers and technology developers. But many feel that IoT is greatly over-hyped and it’s value is uncertain. “In a number of areas, the hype and the hesitation paint drastically different pictures of how the Internet of Things will shape future technology trends,” the article notes. “On the technology side, the growing reliance on data centers as central computing hubs may expand or it may want, giving way to a more decentralized model that makes use of vast distributed resources.”
The Internet of Things will present a number of challenges and opportunities, but just how it will play out regarding some of the more controversial areas is uncertain. For instance, it may help privacy, or it may hinder it. On the technology side, the growing reliance on data centers as central computing hubs may expand or it may wane, giving way to a more decentralized model that makes use of vast distributed resources. In addition, a flagging Moore’s Law may dampen the rush to outfit everything with more technology. The future of the IoT is largely unwritten, but the next 5 to 10 years should reveal much about whether a network of everything is the wave of the future or just a bunch of hype.
Gartner’s 2013 Hype Cycle for Emerging Technologies Maps Out Evolving Relationship Between Humans and Machines