IoT Field Notes: Seed Fund, Year 2
Projects that are funded through your internal seed fund resemble lifecycle stages of startup companies - an interesting parallel.
Projects that are funded through your internal seed fund resemble lifecycle stages of startup companies - an interesting parallel.
There are three distinct schools of thought when thinking and talking about IoT and it's impact on their business. When teeing up conversations pointing to megatrends or strategic imperatives, be sure to get specific around what type of IoT conversation you are getting into.
A practical process to carve out some of your budget to seed innovation projects for the product development folks, looking to experiment with the Internet of Things.
When introducing IoT ideas to your markets, you may be disrupting more than you think! Some specific examples and caveats ...
Keep searching, even when you think the problem is impossible - and don't be surprised when you find prior art. A story of discovery - panning for gold, right under your nose.
Vendors are missing the point, as they strain to make any product or service fit on the IoT bandwagon.
Three more types of tech challenges that come up in conversations about Smart, Connected Products. The details are interesting, but the higher-level insights are very informative.
Asking for the investment? Here's an outline, with examples, for a business case that includes Cost to Build (one-time) and Cost to Run (ongoing), as well as the Benefits (revenue).
A review of specific examples where Smart, Connected Products (IoT) can generate organic revenue growth.
Introducing new ways of thinking about Digital Products; true stories "from the field" of building Proof of Concept systems to get the Voice of the Customer.