About the talk
The promised revolution of “50 billion IOT devices by 2020” hasn’t happened. Instead there are 9 billion, many of which are not doing much. For every Next or Ring there are hundreds of products like connected washing machines or connected refrigerators yet to prove their value. In Enterprises, there is an even larger rift between potential and realized value. Enterprise IT boneyards are filling up with IOT POCs that didn’t deliver the value they promised.
The primary cause of failure is the choice of business use case. The human aspect of digitization through IOT is arguably the next biggest factor, but weak product architecture, ecosystem integration, and a lack of standards for data interoperability each contribute to the downward spiral that befell these failed POCs.
Analyzing data is the foundation of every IOT project. The ROI for understanding the state of your infrastructure comes from doing more with less. Preventative maintenance and closed loop visibility can improve the health of your company and make positive outcomes more consistent – but they are not the end goals for most businesses.
Monitoring devices isn’t enough anymore. Throughout history, real value comes from reducing human effort. Collecting and analyzing information is only a small part of what organizations do. To realize IOT’s transformative potential, business process automation ought be the desired outcome, not an afterthought.
Very often products focus on connecting devices and transporting data upstream with little understanding or context of how the data will be used. This results in raw data that is not usable as is. Focusing on the business context for IOT data makes the project worth the effort.Don’t Get Stuck in a Silo
Silios are everywhere in Enterprise. Many of them will provide access to data, but not focus on how the data is used, making integration efforts long and painful. Providing APIs and data formats to make IOT solutions a part of the larger ecosystem in customer environments can provide the type of ROI first envisioned. Keep in mind that silios don’t make themselves, people do. Forming a good relationship with organizational “gatekeepers” is essential, which leads to the final topic.Focus on Human Systems more than IT Systems
IOT digitizes business processes which have been in place for years if not decades. Underestimating the effort needed to translate manual business processes to digital processes, especially in regulated industries, will fail to support the requirements and preferences of Users based on their training and SOPs. Focusing on change management needs will help IOT projects escape POC Purgatory. Keeping this Human element at the forefront of the Solution will not only help execute the project in a timely manner but also ensure success after going into production.
00:43 Promise and reality of IoT adoption
02:55 Industrial IoT
05:10 Reasons for the unfulfilled potential of IoT
07:20 Analytical and operational IoT
14:12 Preventative maintenance RoI
16:24 Operational IoT use case
19:56 System focused vs human-centered IoT solutions
23:03 Connectivity focus vs solution focus
26:49 Standards for interoperability and data exchange
Vijji Suryadevara, is an accomplished entrepreneur and executive, passionate about using technology to make a difference. Vijji brings her technical and management skills to the role of CIO & Head of Engineering to build a scalable technology organization and innovation culture to enable rapid growth of Phizzle. Vijji was the Founder, CEO & CTO of CareerWaze a Future of Work startup. CareerWaze is an AI driven Career and Learning advisor helping users acquire in-demand skills. Vijji was also the Founder & CEO of BPA Technologies a VC funded Technology Services startup focused on Content Management Solutions for Fortune 500 Companies. BPA was acquired by a Moody’s group company ICRA in 2012. Prior to this she held technology leadership positions and architected and built enterprise solutions in Content Management and Telecommunications domains. Vijji has a Bachelor’s in Computer science, Mathematics & Physics and a Master of Computer Applications from NIT Warangal.View the profile
Thank you, Kevin. Hello, everyone. Good afternoon, and I'm really excited to be here as giving just mention. My name is BG sudadera, and I'm the CEO and head of engineering of fizzle fizzle isn't a chayote company and we are looking at creating solutions for industry and smart cities and Manufacturing and I'm really excited to be here today providing this talk on breaking out of POC Purgatory from analytical to operational coyote. So this talk is going to
be very data-driven. We are really interested in making sure that whatever be proposed here is backed by data. So let's get started. What is this all about most stuff? You must have heard the 50 billion iot devices by 2020 prediction. What is that what reality is today? The promise revolution of 50 billion iot devices by 2020 hasn't happened instead. They are close to 9 billion devices No 9 billion is something that's not to look down upon. It is a huge explosion of iot devices. However, if you're looking at the value of these 9 billion devices that are being
connected to the internet right now to detect devices The volume is not asthma sufferer every next or ring that are hundreds of products like connected washing machines of connected refrigerators with some really interesting, but I'm not your proving their value. So we are trying to exploring this presentation. What is causing this? What is holding us back from achieving the promise of peyote? So as I go through this presentation, please feel free to ask any questions you have and I will try to look at the questions
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