Posts

bbotx - CC series (2016)

What Experts are Saying About the Internet of Things – April 2016

This is the latest post in a monthly blog series here at bbotx that takes a look at what people in the IoT space are saying – the good, the bad, and the ugly.

  • The title of this recent Product Design & Development article is right – forget consumer IoT, the real promise is in the Industrial Internet of Things. However, the author doesn’t introduce anything we haven’t heard before. We already know that successful devices need to cooperate within networks or ecosystems to have an impact.
  • A sensible consideration of the probability and implications for software failures in the IIoT, but this article from IoT Journal doesn’t offer any real answers, which is perhaps not unreasonable as there really is no way software won’t make errors. One way, not considered by the author, is to avoid critical dependencies; don’t rely on IIoT software to do things that can cause catastrophic failure.
  • It’s not news that oil and gas companies are leveraging the IoT to unlock value. The report findings from Mint outlined in this recent article are so general that it’s hard to find anything important about the IoT capabilities of the future.
  • The IoT has many applications in logistics, but this article from Smart Data Collective does not provide much supporting detail aside from a summary of applications. Tracking, monitoring, and predictive analysis are great, but we’re interested examples of what has been accomplished.

What other articles about the IoT space caught your interest this month? Let us know on twitter at @bbotx or in the comment section below.

bbotx - CC series (2016)

What Experts are Saying About the Internet of Things – March 2016

This is the latest post in a monthly blog series here at bbotx that takes a look at what people in the IoT space are saying – the good, the bad, and the ugly.

  • The Internet of Things has some communication issues, but this article from Fast Company misses the point. All of these IoT devices are state-aware not self-aware. They don’t need to talk to each other; they need to talk to a central process. A central process can speak as many dialects as required.
  • As the world races to take advantage of new technologies, there is a need for sustainable solutions. This article from Plant Engineering makes some fairly obvious points on the topic, but makes a good one in a roundabout way: we don’t want to replace all of our “stuff” to add state awareness and data collection.
  • In its rehash of other articles and poorly attributed quotes, this piece from Transmission & Distribution World does make a startling point: things are happening faster today in business and technology.
  • Are we in danger of an IoT overload? This fun article from ReadWrite underlines the uselessness of many IoT “innovations” – projects that promise to change the world by connecting inanimate objects to your smartphone (because do we really need our cellphones to tell us when our frying pan is too hot?).
  • In this piece from the Huffington Post, the author misstates Moore’s Law – a mistake that sets the precedent for the entire article. In 1965, Gordon Moore observed that the density of transistors on an integrated circuit – not “technology” – would double roughly every year, and projected that it would continue for at least for a decade.

What other articles about the IoT space caught your interest this month? Let us know on twitter at @bbotx or in the comment section below.

 

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bbotx in the News: IoT Evolution

Paul Hanson, bbotx CEO and Co-Founder, recently had an article featured on industry news site IoT Evolution. His piece ‘Lessons for IoT from the Frontlines of B2B’ explores the similarities between the IoT hype and the B2B bubble.

You can find the full guest post here.

bbotx - CC series (2016)

What Experts are Saying About the Internet of Things – February 2016

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • According to Gartner, there are 10 IoT technologies that should be on every company’s radar over the next two years. IT Pro Portal explains each – the blindingly obvious (security), but also the secondary problems of analytics and management, as well as battery life. However, after reading this piece we’re left wondering: what about the importance of users being able to easily self-assemble the systems they need (ad hoc)?
  • The IIoT needs to be used as a catalyst for fundamental change in the way companies operate and how individuals go about their daily work, states Control Engineering Europe. The article suggests we start archiving data from systems that can provide it, but what really needs to be considered is how these insights might be used in the future.
  • The Industrial IoT intends to connect industrial and manufacturing devices and systems together. Automation World outlines how to develop a successful IIoT project that will ultimately share data, improve processes, reduce costs, and increase profits. The problem here? The article perfectly describes how to do a SCADA project, while the promise of the IIoT (as yet unfulfilled) is to create ad hoc reporting systems.
  • The IoT might finally be reaching a point where it is less about the hype, and more about practical applications for society. With this comes five reasons why enterprises must embrace the IoT, as explained by ARC from Applause. This rehash of other opinions only emphasizes the IoT’s capabilities beyond consumer applications.

What other articles about the IoT space caught your interest this month? Let us know on twitter at @bbotx or in the comment section below.

 

bbotx - CC series (2016)

What Experts are Saying About the Internet of Things – January 2016

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • The IoT is starting to develop core capabilities that will solve real problems, states this article from the Huffington Post. Manufacturing is one of the areas that will truly benefit from problem-solving, Industrial IoT applications.
  • The potential for the Internet of Things is enormous, but most projects fail in finding success. This article from IBM explains how the companies that fail are those that use narrow, point-focused solutions with very little enterprise IoT strategy in place.
  • The IoT stole the spotlight at this year’s Consumer Electronics Show (CES). This Forbes article states that CES 2016 displayed how the Internet of Things is moving from merely “smart” to intelligent.
  • As IoT technology is more widely deployed, the need for streamlined standards is becoming more apparent. This article from Information Age discusses how the IoT will become context-aware and self-sufficient as it enters this next stage.

Bonus: bbotx CEO and Co-Founder Paul Hanson recently published a piece about what it’s like starting over as an entrepreneur over the age of 50.

What other articles about the IoT space caught your interest this month? Let us know on twitter at @bbotx or in the comment section below.

 

Starting Over (1)

Starting Over

Starting a new career is not a big thing with me. I have always felt that your “career” was what you saw in the rear view mirror. It amounts to making sense of what happened rather than a planned succession of incremental changes amounting to some form of advancement through life. Maybe that’s just me; I knew people in high school that I suspected had their summer job lined up by the end of September. Read more

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What Experts are Saying About the Internet of Things – December 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • In 2015, businesses jumped on the IoT bandwagon without strategic vision or plan. Tech Week Europe explains how in 2016, M2M will help create a more strategic approach to the internet of things.
  •  “Embedding a smart chip inside a gadget doesn’t necessarily make it a smart idea,” explains SF Gate. Here is their selection of some of the most useless IoT gadgets of the year.
  • The digital economy is expected to grow ten-fold by 2030. This article from Digitalist explains how the IoT is enabling knowledge to be shared more efficiently, as well as accelerating innovation.
  • Data produced by the industrial IoT is becoming more actionable and immediate, explains EP&T.  The IIoT is an enabler, identifying maintenance issues before they become a major problem.
  • Bonus: Consumer products rarely, if ever, become enterprise technologies. bbotx Co-Founder and Lead Technologist Geoff Kratz explains what is stopping the shift from consumer to enterprise.

What other articles about the IoT space caught your interest this month? Let us know on twitter at @bbotx or in the comment section below.

BYOD

BYOD: What’s stopping the shift from consumer to enterprise?

The so-called “consumerization of the enterprise” is actually a misnomer. The other description used, “bring your own device,” or BYOD, is a more apt explanation: employees provide the end-user devices, which are basically consumer versions of enterprise devices.

When you look at the history of technology in business, consumer products rarely (if ever) become enterprise technologies. A lot of technology moves from enterprise/business to the consumer: the microwave oven (started at a commercial device for reheating/cooking), the VCR (based off of video tape technology used in the television industry), the personal computer (PC), the smartphone, etc. Not all of this technology moves into the consumer sphere, or does so in ways we expect. For example, the photocopier really only started to become common in the home in the late 1990s, appearing as the all-in-one inkjet printer/scanners we get for cheap today.

Read more

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What Experts are Saying About the Internet of Things – November 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • “The Internet of Things stands as one of the largest economic opportunities in the world,” states this article from Venture Beat. The opportunity for IoT in industry will be in sophisticated, elegant systems that manage problems and processes.
  • This article from Automation World takes a look at the “how” of the IIoT, something that remains elusive for many manufacturers. In our opinion, the “why” of the IoT is not settled – at best there is a “why not?” seen as a money grab. Few organizations can actually say why the IoT is relevant to them.
  • Thanks to the combination of big data and the Internet of Things, manufacturers can now watch what happens inside the products they make after they leave the factory and, as pointed out in this article from Forbes, predict what happens next.
  • There are five IoT technology segments, as described in this article from IP-Watch. Companies must understand all five in order to be successful in the industry.

What other articles about the IoT space caught your interest this month? Let us know on twitter at @bbotx or in the comment section below.

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What Experts are Saying About the Internet of Things – October 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • The IoT has the potential to create value for consumers and enterprises alike through smarter decisions and improved efficiency. This post from Medium explains how this is helping the IoT attract more attention from VCs than ever.
  • The evolving IoT landscape exposes developers to both new and old problems that can threaten software. This article from Dark Reading outlines the 5 golden rules for secure software development in the IoT.
  • There are several cultural and technological changes that are impacting the scale and spread of the creation of the Industrial IoT. This article from Engineer Live states that the biggest challenge to building the IIoT will be seamlessly integrating the ‘Things’ that live at the edge of the network.
  • “Expectations to communicate beneficial information among the system parts and externally grow daily,” states this article from IndustryWeek. It doesn’t matter what industry you’re in – consumer, industrial – what you create has a purpose to make other things work more efficiently.

What other articles about the IoT space caught your interest this month? Let us know on twitter at @bbotx or in the comment section below.

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What Experts are Saying About the Internet of Things – September 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • Is the IoT really good for the consumer? This article from the New York Times Sunday Review takes a look at products being sold to consumers as ‘smart,’ but begs the question: what products entering the market are truly disruptive?
  • When it comes to the deployment of IIoT solutions, many businesses realize that they lack the deep IoT domain knowledge necessary for success. This article from M2M Now outlines the major competencies needed to develop and deploy IIoT solutions.
  • It is becoming increasingly apparent that consumer IoT vendors are unable to produce products that provide true value to customers. This article from Forbes analyzes the hype around the consumer IoT, referring to it as the ‘Internet of Very Pointless Things.’
  • Many early adopters have only just scratched the surface when it comes to the benefits created by the Internet of Things. This article shared on Bulldog Reporter explains how the growing IoT industry can help change the business world.
  • bbotx Co-Founder and Lead Technologist Geoff Kratz recently had an article published on IoT Journal. The piece takes a look at what the weakest link may be for companies’ IoT security.

What other articles caught your interest about the IoT space this month? Let us know on twitter at @bbotx or in the comment section below.

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What Experts are Saying About the Internet of Things – August 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • The Industrial Internet of Things goes beyond the hype of wearables and other consumer devices – it offers significant potential value for manufacturers and other industrial organizations. This article from the International Society of Automation describes those many components encompassed by the IIoT.
  • This particular technology revolution – the Internet of Things – is a real revolution. In this article from Manufacturing Business Technology, manufacturing is cited as being at the forefront of this revolution, with 35% of U.S. manufacturers already enhancing their processes through the IoT.
  • 2015 has been a year of reports and studies predicting the massive impact that the IoT will have on the world’s economy. However, as pointed out in this article from IoT Journal, the players in the industrial sector will the highest return on investment.
  • With so many acronyms and terminology flying around, it can be difficult to know what it all means. In this Plant Engineering article, two industry professionals break down what the IIoT means and how it differentiates from the IoT.
  • At bbotx, we think that the hype of the IoT has the wrong emphasis. Check out this blog post by CEO Paul Hanson in which he describes how the driving force that will push the IoT ahead into really big numbers will be the Industrial Internet of Things.

What other articles caught your interest about the IoT space this month? Let us know on twitter at @bbotx or in the comment section below.

 

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What Experts are Saying About the Internet of Things – July 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • The IoT has become one of the most hyped expressions across business and technology, and rightfully so, with the numbers to back it up. This article from Forbes describes the way the IoT will transform enterprises and facilitate new business models, improving efficiency and generating new forms of revenue.
  • Best estimates now say that there will be almost 50 billion connected devices by 2020. This article from the Huffington Post takes a look at how exactly the IoT is going to grow.
  • The latest revolution will be driven by the digital economy. As described in this article from Entrepreneur, exciting opportunities await those entrepreneurs who “plug in” to this new Industrial Revolution.
  • The industrial manufacturing sector is reporting the largest increase in revenue from IoT investment.  This article from Canadian Manufacturing.com reports on the three major challenges that remain in realizing the promise of IoT for businesses across all sectors.

What other articles caught your interest about the IoT space this month? Let us know on twitter at @bbotx or in the comment section below.

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Purposeful and Obvious Design: Part 2

In my last blog post, I wrote about how choosing ‘different’ design can pose some risks in market adoption. The same has been true in the connected lock market.

While the bLock is a solid padlock that looks and feels like the traditional lock, there have been other locks that have tried to bring a wildly different look to market. For one in particular, their downfall has been in the creation of a lock that is too different – people had to be told it was a lock. The essence of the product got lost. Even if the design and function of a product work well, people need to understand what it is. If they can’t identify with it they won’t buy it. When a similar product came out a few months later, that had similar technology and similar capabilities, it fared better with consumers to a large degree because it looked like a lock. For industrial design to work it has to bridge the understanding of what it does and what is new.

Read more

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What Experts are Saying About the Internet of Things – May 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • As stated in this Forbes article, “Where does one even begin to capitalize on such a growing monstrosity as the IoT? Where can you begin to see value?” As the IoT continues to grow and encompass many different industries, this question is more important than ever.
  • What challenges may delay the future of the IoT? This article from Information Week highlights 6 obstacles that companies building the pieces of the Internet of Things should be aware of.
  • “Industry 4.0 is the next phase in manufacturing – a so-called fourth industrial revolution,” says this ZDNet article. This era is all about information technology and how it will change the face of manufacturing as we know it.
  • Is the technology of the IoT the easy part? This article from GCN describes the policy and cultural implications that must be taken into consideration – the human elements that can make or break a program.

What other articles caught your interest about the IoT space this month? Let us know on twitter at @bbotx or in the comment section below.

IoT Day

What is the Internet of Things?

The unfortunately named “Internet of Things” has been much hyped in the past year.  What is it? The definition provided on Wikipedia is:

The Internet of Things (IoT, also Cloud of Things or CoT) refers to the interconnection of uniquely identifiable embedded computing like devices within the existing Internet infrastructure. 

This is still not that helpful. Last summer, Fast Company published a longish piece about GE and Jeffrey Immelt titled “BEHIND GE’S VISION FOR THE INDUSTRIAL INTERNET OF THINGS.” The subtitle, and the theme of the article, was “CEO Jeff Immelt is pushing to turn jet engines, locomotives, and other giant machines into data-spewing computers.”

We have a couple of obvious problems with the title and the general thrust of the article. The article was well written, and GE is a company with a tremendous record of technology development and innovation. Just because something has a computer in it doesn’t make it a computer. The term becomes meaningless if everything is included under the ‘Internet of Things’ umbrella. As today is ‘IoT Day’ we wanted to take a minute to discuss the IoT, its history, and where it is going. Read more

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What Experts are Saying About the Internet of Things – March 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • The Industrial Internet of Things is more than smart fridges and other consumer gadgets. This article from TechRadar describes how the IIoT is actually improving the efficiency, safety, and productivity of operations with a focus on return on investment.
  • This article from Livemint says it best: the IIoT could be the largest driver for economic growth and employment in the next decade. It will create new markets and generate new streams for the manufacturing ecosystem and could add as much as $14.2 trillion to 20 of the world’s major economies.
  • ‘Digital ecosystems’ are re-shaping entire markets, changing the way we work and live. This article on Forbes points out that this shift is highlighted best by the rapidly growing Industrial Internet of Things, as companies embed computing devices within their existing ‘Internet infrastructure.’
  • South by Southwest, an event known in the tech community for new social media technologies, products and services, took place in March. This Forbes article breaks down this year’s three IoT panels to bring you the event’s top 15 IoT takeaways, security being one of them.

What other articles caught your interest about the IoT space this month? Let us know on twitter at @bbotx or in the comment section below. Read more

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What Experts are Saying About the Internet of Things – February 2015

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world over the last month.

  • Innovation stems from finding growth in unexpected opportunities. This article from TradeArabia describes how companies will use the IIoT to capture net growth, including increased production and creation of new hybrid business models.
  • The Industrial Internet of Things is a very board topic, encompassing everything from sensors to networks to machinery. Automation World has provided four critical factors for successful IoT deployment in this competitive ecosystem.
  • Though this article from Gigaom was actually published in January, it describes the complexity and coordination IIoT holds over its consumer counterpart.  Consumer IoT is rolling out more quickly than industrial IoT – but only because consumer products have quicker product cycles than industrial applications do.
  • An interesting read about innovation from Quartz. The man who developed the lithium-ion battery, now 92, has one last big idea.

What other articles caught your interest about the IoT space this month? Let us know on twitter at @bbotx or in the comment section below. Read more

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Crowdfunding – What is it good at?

My background is creating financial markets – end-to-end markets for IPOs and secondary trading. It included emerging markets and senior markets, cash, debt, and derivatives. It has given me a perspective from which to understand the underlying proposition of any market:

  • What is the nature of the offer?
  • What is the contract?
  • Who are the real buyers and sellers?
  • What roles do the participants play and what and value do they create?
  • Is the market fair?

It really comes down to – what is the market good for? Not surprisingly, the buyers often don’t understand the true nature of the market, surprisingly, the sellers often don’t either. This is accurate in crowdfunding. Read more

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What Experts are Saying About the Internet of Things – December 2014

This is the latest post in a blog series here at bbotx that highlights what happened in the Internet of Things world during the past month.

  • The meaning of the word ‘Edge’ – a word which has “traditionally been used in the description of networks” – in relation to the IoT is discussed in the article ‘IoT Ring Theory’. (via Electronic Engineering Journal)
  • From M2M to IoT: Old industries have to learn new tricks examines how the industrial sector can ‘bridge the gap’ between legacy M2M communication systems to the current (and future) IIoT. (via PC World)
  • This post from TechCrunch echoes some of our sentiments and thoughts about how people are misconstruing the impact that the IoT will have on the world.

What other articles caught your interest about the IoT space this month? Let us know on twitter at @bbotx or in the comment section below. Read more