Comments
Forget 'Things' It's The Internet Of Business Models
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batye
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batye,
User Rank: Ninja
7/24/2014 | 9:05:36 PM
Re: Disruptive Business Models
could not agree more interesting point .... thank you
PeteJW
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PeteJW,
User Rank: Strategist
7/23/2014 | 9:50:28 PM
Re: The water heater now talks to the dish washer. So what?
Thanks Charlie - to be honest I always sort of wince when I see mega facts and figures about what is or will be 'connected'. -- 50 billion 'so whats' IMO. I think Gartner have it right with their assessment that much of the $ fruit from IoT will stem from associated software and services. 
PeteJW
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PeteJW,
User Rank: Strategist
7/23/2014 | 8:58:39 PM
Re: More than business models
Very insightful Chrs - it's going to be a hard journey for many organizations, with careful thought needed around many of the factors you describe -- especially business process canibalization and workforce transformation -- especially in entereprise IT where tech silos and culture often inhibit innovation 
ChrisMurphy
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ChrisMurphy,
User Rank: Author
7/23/2014 | 7:41:22 PM
More than business models
I also think we're going to see some painful disrupting of "business processes" through IoT -- particularly customer service and customer support. If you sell a really expensive machine -- a farm combine, or an MRI --  part of your sales pitch might be being able to do remote diagnostics of that machine. Who does the monitoring, you or your dealer or your customer themselves? How do your staffing and talent needs change to do this kind of monitoring and response? By heading off many repairs, are you cutting off a key revenue source and thus bankrupting your channel? There are plenty of painful lessons ahead.         
Charlie Babcock
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Charlie Babcock,
User Rank: Author
7/23/2014 | 7:10:20 PM
The water heater now talks to the dish washer. So what?
Peter's right. It doesn't matter that much if the dish washer talks to the water heater behind our backs. What matters is whether the new connectedness can yield useful information and association -- the home builder runs a profitable security business based on the embedded home system, or some other result stemming from the new connectedness.    
MDMConsult14
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MDMConsult14,
User Rank: Moderator
7/23/2014 | 6:39:16 PM
Disruptive Business Models
This story which highlights disruptive business models makes good point. Such models are in line with technology innovation and trends. Those trends which are disruptive will be the ones to leverage. Sectors such as retail will have to adapt to these models as consumers are rapidly changing in the landscape. With IoT, areas such as M2M, P2P and more will be infrastructures to adapt to.


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