Development and Innovation Learn how the Internet of Things is impacting automation and modernization from the industry’s experts at its helm.
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General Manager, IOT, Rogers Communications
In today’s marketplace, more than ever before, companies need to focus on business outcomes.
The Internet of Things (IoT) is one of the most powerful tools available today to help companies deliver on specific outcomes, but they need to have these firmly in mind before they embark on an IoT strategy. IoT can benefit every industry and can impact almost every aspect of a company’s business operation, but without a clear vision it is too easy to get lost in the weeds.
Modernizing a business requires having bold ambitions and a clear vision of how to get there. The IoT journey usually starts with simple transformation initiatives that can produce immediate results, like automating manual processes that require employees on site to take measurements and records. In many cases, these processes can be digitized, not only saving employee hours for tasks that more directly drive revenue, but also greatly improving the quality of data and ease of accessing it.
IoT can play a large role in propelling a company to the top of their sector by using analytics on that data and turning it into an intelligent resource to increase efficiency and drive outcomes. The most forward-thinking companies today are the ones integrating all the information their business produces and using it to increase their agility in the market. The more quickly the marketplace changes, the more agility becomes a key
predictor of success.
Director, Emerging Telecoms, Frost & Sullivan
We live in an increasingly connected society, and the evidence of it is all around us, from the smartphones in our pockets to the GPS units in our cars.
In a sense, the Internet of Things (IoT) is just the latest manifestation of our drive towards complete interconnection.
With that interconnection comes efficiency that we could never have imagined before. And the applications that are making the biggest difference aren’t always the most dramatic ones. Sometimes they are the soul of simplicity. Consider a company that manages soft drink vending machines in a variety of locations. Adding a couple of simple sensors and a communications device to their vending machines is easy, but the impact on their business can be huge. They now have access to important information remotely in real time and can plan their maintenance and restocking schedules intelligently.
Two of the biggest challenges companies are going to face in developing IoT strategies are interoperability and security. IoT is not a monolithic technology. It is made up of a huge number of different devices, and the most powerful solutions require them all to be able to talk with one another seamlessly. Similarly, with every piece of new information we add to the cloud, privacy and data security becomes a bigger concern. Neither of these issues are intractable, but for an IoT solution to be beneficial and successful, it is always going to have
to take both seriously.
Past-President, CIO Association of Canada
Chief Information Officers (CIOs) are charged with the responsibility to understand the prevailing technology trends and directions so as to take advantage of digital opportunities to maximize the success of their respective organizations.
One of those opportunities now available to CIOs is the Internet of Things (IoT).
More and more CIOs are looking to leverage the IoT to advance their organization’s strategy and transformation agenda. They understand that with the continuing proliferation of sensors and devices that more and more things are being economically and easily connected through the Internet. In fact, the IoT is growing at an astonishing pace. The IoT is linking the physical world to the digital world and enabling the creation of new products and services that were only dreamed of in the past.
There are many great examples of leading edge Canadian organizations taking advantage of the IoT opportunity to lower costs, to create new sources of revenue, and to dramatically change the customer service experience. This opportunity crosses many industry sectors and is available to organizations both big and small.
So the IoT is not just some marketing hype or the latest IT buzz word, but a real opportunity for CIOs and their respective organizations to advance their digital transformation agenda for the benefit of Canada in a global marketplace. The market leaders are already forging ahead. Don’t get left behind in the digital dust.