October 30, 2014
Gartner certainly got it right when they put IoT on the top of the hype curve. This many people have never been interested in what I am working with, not even when I worked with Wi-Fi. Last week for example, Stockholm Business Region, an agency promoting Stockholm, organized a breakfast meeting. But this one was about IoT and 150 people signed up within one hour! Since they had room for 80 persons in the venue they had to shut down the registration and find a bigger place. They ended up with the largest cinema in Stockholm, some 600 registered people, exhibitors in the entrance hall and a strong line-up of speakers.
I am managing an IoT Idea Challenge
for an EU organization, EIT ICT Labs, and we set our target to 100 submissions. The submission period was September and with one day to go we had received 72 cases. The last day we received 91! For IoT to change our society, businesses and lives the way we want, everyone has to be involved. Therefore I’m glad that 18% of the submissions came from women – at least a good start. Today we announced the eleven finalists
– all amazingly interesting young companies who will pitch in Stockholm November 13.
Well, now when a lot of people got the first part right – it is time to look into IoT – let us start prototyping and testing in order to get the whole thing right.
October 16, 2014
IoT is hotter than ever! Gartner just placed IoT at Peak of Inflated Expectations in their Hype Curve and forecast 5-10 years until the Plateau of Productivity. But our baby is growing much faster than anything else we have seen before and I stick to my previous view that our baby will be grown up, but still young, 2016 after only three years as teenager. Good enough technology and infrastructure are in place since a couple of years and when organizations started to go from Powerpoint and thinking to trials and pilots we reached the teens. Four things have been missing to leave the teens behind: solid participation from the IT players, a hot M&A market, active and seriously engaged enterprises and efficient easy-to-use prototyping tools for users of IoT. All these things are starting to happen now which is one of the reasons why I dare to challenge Gartner on their projection. But there is another aspect of IoT which is underestimated: how the value is created.
In most cases we build something and when it’s done we start harvest. And if customers like what we built it takes off. It might take a couple of years at least to plan, develop and start produce, then we start market and after another year or so it might take off. That explains Gartner’s 5-10 years to Plateau of Productivity, if one ever gets there. But IoT applications deliver value when the information created is distributed to an IT system, shows up in an app, makes an alarm go off somewhere or change a road sign. Initially all IoT applications had to be created end to end – from sensor to terminal – which made them expensive to make and maintain. But now we can leverage existing networks, platforms, tools, terminals and applications making it much cheaper and quicker. So far we have seen this primarily in the consumer market where a connected sensor providing data to an app has been good enough. In enterprises data management and delivery is more complicated and changes in processes and business models takes time, but they are getting there. When they do, the operational value (cheaper, faster, etc) will be obvious and the strategic value (brand, innovation, employer attractiveness, etc) will be visible in the horizon. One only has to look at what GE is doing with Industrial Internet
to understand that the impact will be massive.
Everyone promoting the story about billions of connected devices delivering data to impressive Big Data systems creating trillions of $ benefits clearly put IoT at the peak of inflated expectations. But all hard-working organizations and entrepreneurs working on industry or company specific IoT applications, well-integrated and cleverly implemented, are changing the world very fast. These efforts will start pay off soon putting competitors who haven’t started yet in a very difficult situation similar to when the frequent flyer program happened or Richard Fosbury jumped 2.24 at the Olympic Games in Maxico City 1968 using a “redicolous” new technique.
The only major difference between when we connected people and businesses to the Internet and when we connect things is that ignorance will not be an acceptable excuse this time. Beyond some clever start-ups the winners will be organizations who best understand when and how to improve their business using IoT solutions.
July 21, 2014
One of the most talked about areas for Internet of Things is Smart Cities. Cities themselves invest to become one. Most of the large players in IoT focus on Smart Cities. There are events, predictions, articles and show cases everywhere and each and everyone use their own definition of Smart Cities. A city is a very complex and dynamic location which from an ICT point of view could be described as a system of systems. It is obvious that sub-systems could be more efficient using IoT solutions and that the overall system of systems could be improved if the data collected was shared cleverly between the systems. No wonder Smart Cities is a perfect topic to focus on both for suppliers and municipalities.
But how much smarter has cities become over the last years? Well, there are of course impressive reference cases here and there and a lot of sub-systems in a lot of cities have become better using IoT solutions. But the size and complexity of pulling it all together in a city is difficult to deal with both from practical and technical perspectives.
This is why I am really impressed by Infracontrol, their pragmatic approach to Smart Cities and what they have been able to do. They started about 20 years ago to help cities connecting mainly traffic related things like tunnel alarms, ventilation systems and traffic lights. As they grew bigger in several cities and with new applications they developed Infracontrol Online™ 2003 to connect cities and citizens for better services. Today they have 56 Swedish municipalities using Infracontrol Online™ and their first ones in Portugal in place as well. Their customers report 60% better service quality, 30% savings in maintenance expenses, a lot of energy savings and higher citizen satisfaction. Sounds smart to me! Needless to say Infracontrol is a member of the Swedish SMSE-alliance!
Get inspired by Jenny Gustavsson’s 5 minute pitch on Infracontrol at Internet of Everything For Real™ 2014!
July 4, 2014
Better use of energy is one of the key challenges to our society today and smart metering is the first step towards a smarter electricity system. It makes it possible to understand the overall level of electricity consumption and for example compare it with historical data or similar buildings. But in order to understand which devices consumes what in a house, office or apartment we have had to put a meter on that specific device for a while and track the result.
, a small start-up in Stockholm, is taking a completely different and much more elegant and scalable approach – they listen to the electricity and identify patterns they recognize. In a similar way as Shazam
identifies music they can see fridges, heat pumps and washing machines. Their detective mounted on the smart meter send the data to the cloud where Watty use their clever algorithms to analyze and report back in an easy to use app. They can even detect appliances that might go on fire or an open door to a fridge.
I think this is brilliant and the right approach to better energy use. Take a couple of minutes to listen to Eva Andersson at Watty presenting what they do in the Case Marathon at Internet of Everything For Real™ 2014
in Stockholm: https://www.youtube.com/watch?v=QyfBrbh840o
Watty is of course a member of SMSE
together with 27 other Swedish start-ups in the IoE space.