Digital Leaders Blog

internet of things (5)

Industry 4.0: Infographic

Connected devices are set to transform manufacturing, from demand forecasting to inventory management. While the vast majority of firms recognise the opportunity, many remain behind the curve in terms of adoption. 

The Infographic below summarise the current state of play. 

Click the image to view in full-size.

View source article here.

 Jim H

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A recent report from McKinsey provides a good summary and overview of the emerging Internet of Things, especially in a B2B context.

Those attending the forthcoming MBA Digital Leadership modules (including the online version) and the Digital Leaders Bootcamp to be held in June may find McKinsey’s ‘Executive Guide to the Internet of Things’ to be useful in terms of background reading.

A brief bullet point summary is provided below:

  • The…
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If you’re not turning your company into a “math house” you’re headed for serious trouble. Every industry will soon be driven by digitization and every winning company will be using algorithms, or mathematical rules for processing information, to shape the end-to-end customer experience. Any advantages you have now will pale in comparison with a great set of algorithms that differentiates the customer experience. It is the algorithms that will create value for the business.

This is not guesswork. Sensors, the cloud, mobile and broadband wireless, and other such technologies are increasing the flow of digitized information exponentially. Algorithms, run on ever faster computers, can do amazing things with that information, from detecting patterns and making predictions to solving complex…

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The Internet of Living Things

A recent article on the O'Reilly Radar site, by Hagen Finley, examined the new opportunities being created for wellness management by The Internet of Living Things

Using two illustrative examples of aero-engines and tyres, the article begins by presenting a concise summary of the Internet of Things and its potential impact on core business models. According to the author, real-time reporting from embedded sensors not only changes the way machines function, it changes the way they are sold and operated.

For example, aero-engine manufactures such as GE and Rolls Royce are now renting rather than…

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According to Cisco's 10th annual Visual Networking Index, the number of people connected to the Internet will increase by one billion over the next five years, from 2.8 billion in 2014 to 3.9 billion by 2019, with much of the growth coming from emerging nations.

There will be an additional 10 billion new things connected to the Internet, from 14.2bn to 24.4bn connected devices, including smartphones, tablets, watches and sensors. Almost half of these connected devices will be things in our homes with other fast growing areas being wearables that improve our health and well-being, and cars that talk to each other and to us. This will herald a radical shift in how we connect to each other and the world around us especially with faster broadband speeds, increasing from from 20.3 Mps to 42.5…

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