Business Analytics and Emerging Trends - Internet of Things - IoT Platforms
10 important questions on Business Analytics and Emerging Trends - Internet of Things - IoT Platforms
What is an IoT platform?
What are elements of a platform?
- Analaytics layer: Data processing and visualization (what you sell)
- Core layer: Data collection, device management (IoT platform)
- Communication layer: Where devices connect to the cloud (IoT gateway)
- Infrastructure layer: Enables functioning of platform (internal messaging, sensors))
Why are there interoperability issues in IoT platforms?
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How can horizontal interoperability take place?
- Over-the-top interoperability via external data exchange
- Platform enable interoperability through middleware platform
How can vertical interoperability take place?
Name 3 now and beyond application of IoT platforms
- Household appliances (smart washing machine)
- Automobiles (autonomous vehicles)
- Healthcare (heart-rate tracking)
How does IoT disrupt traditional business in value creation? (Product mindset vs IoT mindset)
- Customer needs: solve existing needs reactive vs adress needs in predictive manner
- Offering: product obsolete over time vs product refreshes through updates
- Role of data: used for product requirements vs information creates experience for products and enables services
How does IoT disrupt traditional business in value capture? (Product mindset vs IoT mindset)
Control points: potentially include commodity advantages vs add personalization
Capability developments: leverage core competencies vs understand how other partners make money
What are the current issues for IoT platforms?
- Standards and regulations
- Privacy
- Security
- Interoperability
What are aspects of the future of IoT connectivity?
- 5G high speed bandwith
- predictive analytics
- network for virtualization
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