Industrial companies need to adopt a digital mindset that embraces what the Industrial Internet can offer in new growth opportunities.
If you have a mobile phone, tablet, computer or all three, companies like Amazon, Google and Apple are all household names. With the explosion of the consumer Internet during the past 15 years, these companies collectively have amassed more than $200 billion in value innovating and establishing new business models on this singular platform. These companies through the use of data and analytics have defined the consumer Internet.
Devising strategies to protect Big Data is as important as analyzing the information.
Big data is becoming an increasingly important part of the business plan for companies in many different industries. Analyzing large customer datasets and other kinds of data with tools like Hadoop reporting lets companies save money as well as boost revenue by targeting their marketing better, designing products to better appeal to their customers, make better predictions, and so on.
As they invest in smart technologies to improve services and save money, cities also need to step up security against cyber threats.
Cities are incorporating new technologies at an increasingly rapid pace, becoming ever smarter. Newer technologies — along with faster and easier connectivity — allow cities to optimize resources, save money and provide better services to their citizens.
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As tech companies consumerize healthcare and create more frictionless experiences, it would behoove doctors to take notice and implement certain technologies and services into their practice to improve the patient’s overall experience.
To realize the benefits of these technologies, however, companies need to ensure that data analytics are being applied in the most effective way and communicated to the right people. That often requires a cultural shift throughout the operations — from the C-suite to the shop floor.
In the coming decades we will start to think of data and software as a source of energy.
What do I mean by that? Software won’t generate electrons, but it will let us leverage the electricity we are already generating in a more efficient and productive way.