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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.

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bbotx in the News: IoT Journal

bbotx CEO and Co-Founder Paul Hanson recently had an article published on IoT Journal, an independent website devoted  to covering Internet of Things technologies and their many business applications. Paul’s piece takes a look at why the Internet of Things can be a risky business for brands looking to integrate IoT technology into their operations.

To read Paul’s full ‘IoT and Brand Management’ article, visit IoTJournal.com here.

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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bbotx in the News: Flarrio

Paul Hanson, CEO and co-founder of bbotx, was recently included in Flarrio, a platform for tech enthusiasts and thought leaders to share their technology insights. The piece, titled ‘Future of the IoT: 50 Global Voices,’ features responses from 50 industry experts about where the IoT is headed in 2016.

Check out all of the IoT predictions here.

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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Our Wonderful Modern Age: To Whom do We Owe A Debt?

To a surprising degree our debt is owed to two men who shared little in common other than inquiring minds and great character. Chester F. Carlson was born first, in Seattle in 1906, and Alan Turing was born in 1912 in Paddington, London.

Each made disproportionate contributions to our lives. Carlson made one of the largest personal fortunes ever earned from an invention, and died at the age of 62 having given it away. Turing, the subject of the The Imitation Game, a film that has been recently released, was persecuted during his life for being gay, and died just short of his 42nd birthday. 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 – November 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.

  • This article from strategy+business posits that “The digital interconnection of billions of devices is today’s most dynamic business opportunity.” The article is also a ‘Strategist’s Guide to the Internet of Things’.
  • The evolution of the next generation mobile system will depend on the creativity of the users in designing new applications. This article from TechCocktail examines how the IoT is shaping our future.
  • The Federal Communications Commission (FCC) may soon find its greatest challenge yet in the “Internet of Things.” The ‘things’ in the IoT need connectivity, and “For the FCC and the world’s communications regulators, this means freeing up more spectrum—and at a time when the airwaves are running out of free space.” Check out the full article on this issue here. (via Bloomberg BNA)
  • There have been high profile security failures, there has been much written about it, and security is a problem. Having said that, are security concerns really what is shaping behaviour in IoT adoption? Other experiences suggest otherwise. This post from our CEO Paul Hanson takes a look at the question “Is security the be-all end-all issue for the IoT?”

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 – October 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.

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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50 Billion Connected Things by 2020 – What Could Possibly Go Wrong?

Cisco, McKinsey, and others are predicting big things for the IoT – 50 billion connected state reporting things by 2020 with an economic impact of between $14 and $33 trillion by 2025[i]. This will be an explosion of creativity, large corporations rushing to be early, if not first. Not to mention the small inventors and startups trying to gain attention and market share for new ideas. What could possibly go wrong?

Disruption usually refers to an emerging technology or business model that undermines an existing industry. It can be an entrenched, dominant player, or a fragmented industry that gets transformed – for example, Airbnb organizing the fragmented hospitality business. The Model T disrupted the transportation industry. Disruption doesn’t have to be bad – disruption can be a creative force that generates new opportunities, and creates new markets.

Disruption shouldn’t mean the users are disrupted, but that is what the IoT is threatening to do. Early examples include a sad litany of bad planning, poorly conceived products, and horrifying security failures. Samsung’s smart appliances were turned into spam bots by smart hackers, parents have found strangers talking to their children over baby monitors[ii], and technology has given governments unprecedented access to invade our privacy[iii]. The IoT is giving hackers enormous numbers of targets of opportunity. Read more