CIO opinion
I think this ‘ability to act now’ element of
how we interact with IoT data was brilliantly
expressed by Chris Mazzei, in his role as
EY Global Innovation Technologies Leader
and Global Chief Analytics Officer. He said:
“There is an acceptance that AI will change
everything in 10 years’ time, but little
appreciation of how it could and should,
impact businesses right now.”
Business model shake-up
So, as we move forward and more and
more devices become connected, we are
seeing the same challenges that have
been experienced across enterprise IT now
appearing in the world of IoT, especially
Industrial IoT.
This reality is especially prevalent if we look
at how we want to manage the functionality
of IoT devices. We need to be able to
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understand how devices are performing
relative to each other while also providing
the requisite level of security for each device.
This isn’t about just managing the break-fix
elements of the IoT – it is about analysing
the data to optimise business processes and
drive new business models.
There are huge data lakes created by IoT
and we know that. As businesses become
truly digital, they will discover that they
know more clearly what they want to
get from the universe of data that is
being created, enabling them to more
intelligently ask the right questions in the
first place.
They will know what the desired outcomes
are and thus what questions to ask to drive
their system of action into decision making,
paving the way for a truly ‘consumable’ IoT
from end to end. n
“
AS BUSINESSES
BECOME TRULY
DIGITAL, THEY
WILL DISCOVER
THAT THEY KNOW
MORE CLEARLY
WHAT THEY WANT
TO GET FROM
THE UNIVERSE
OF DATA THAT IS
BEING CREATED.
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