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Capturing Hidden Value from IoT and Advanced Analytics

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Sugath Warnakulasuriya
Managing Director at Thalamus Labs
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IoT Slam 2020 Internet of Things Conference
August 20, 2020, Online, USA
IoT Slam 2020 Internet of Things Conference
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About speaker

Sugath Warnakulasuriya
Managing Director at Thalamus Labs

Sugath Warnakulasuriya is a highly-regarded, hands-on strategist and advisor who focuses on supporting digital transformations and innovation. He is a former McKinsey- trained consultant and Technology PhD with a strong track record ofdeveloping disruptive, game-changing opportunities for Enterprises and startups, in industries ranging from Industrials and High-Tech to Healthcare and Financial Services. In this capacity, Sugath has performed numerous company-wide digital transformationsacross a variety of industries helping businesses capture the additional value that technology and new innovation/digital business building can provide.

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About the talk

Topic: IoT

Organizations planning to implement IoT and advanced analytics often fail to capture the envisioned value of these initiatives. This is rooted in 1) not rigorously identifying and quantifying up-front all of the potential value levers, and 2) failing to carefully operationally validate the ability to capture each pocket of value. This talk will share a detailed case study of how a multi-billion dollar industrial and residential services company drove hyper-growth and profitability through an IoT/data strategy, applying a methodical approach in transforming a traditional asset intensive company with a blue-collar workforce into a modern, digital data-driven company. We will share how to address the challenge of not just delivering the right insights to the right people at the right time, but also making the critical cultural, behavioral and mind shift changes that enabled extended leadership and operational teams to harness the power of data.

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All right. Good afternoon. I'm Soo. Poor Nicholas Surya managing director at Alamos labs where we focus on helping companies create value using iot and advanced analytics. Thanks about your teeth. Slam team. Great option you speak here. I know that in general. There's a lot of talk in the market about is iot technology adoption, but I wanted to focus on something a little bit different today, which is really about how do you plan and execute around really creating value as a i

r t and so that's what we want to talk about today. Let me get started by first talking a little bit about something. We already know which is that most digital initiatives really fail to realize the potential value and a lot of it has to do with the fact that generally the strategy upfront is not clear the objectives. Do you know clearly set and so some of the expectations are never really know clarified so that becomes kind of out of the gate that the big issue. Also. We feel like a lot of digital initiatives

have a narrow perspective maybe Folks up to go sideload function or something. So it really never gets on track what happened back that shitt? Additionally, we feel like a lot of digital initiatives are done inconsistent with actually how companies operate so when you try to drive using adoption that becomes a challenge, I think that's generally the case for a lot of IT projects. And also we still see to a large extent really a fixed fix planning fixed mindset type of approach. Where are you really lacked the ability for the interest to discover,

you know it until the experiment learn and so forth. So that still is one of the one of the five Mental issues around digital initiatives and last but

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