measuring the impact of iot - what are your business strategies?
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MEASURING THE IMPACT OF IOT WHAT ARE YOUR BUSINESS STRATEGIES?
Dr. Mazlan Abbas REDtone IOT Sdn Bhd
http://www.redtone.com @mazlan_abbas
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MEASUREMENT OF SUCCESS
1. FORMULA = +10 DO’S – 10 DON’TS
2. Value Pyramid
3. Think Like A Startup
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Believe in IOT
DO (1)
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Understand the impact of IoT
DO (2)
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Get CEO buy-in
DO (3)
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Hire the right people. Hire the Chief IOT Officer
DO (4)
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Have an IoT plan
DO (5)
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Have an IoT budget
DO (6)
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Change the process
DO (7)
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Try IoT app even if its small
DO (8)
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Learn from others
DO (9)
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DO before others DO
DO (10)
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Procrastinate
DO NOT (1)
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Think its simple to catch-up
DO NOT (2)
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Leave your assets alone non-monitored
DO NOT (3)
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Work in silos
DO NOT (4)
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Think IT is the only department responsible to implement IoT
DO NOT (5)
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Think IoT is just a "technology push"
DO NOT (6)
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Wait for National IoT Blueprint to launch
DO NOT (7)
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Depend only on the government to start IoT initiatives
DO NOT (8)
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Minus your IoT budget from the Company's equation
DO NOT (9)
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Let your competitor take the lead
DO NOT (10)
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TO MAKE SENSE YOU NEED TO MEASURE
YOUR DATA MAKE SENSE?
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Wisdom
Knowledge
Information
Data
More Important
Less Important
Evaluated understanding
Appreciation of
Answers to questions.
Symbols
Understanding
Answers to questions
WHO
WHY
HOW
WHAT
WHERE WHEN
VALUE IS CREATED BY MAKING SENSE OF DATA
VALUE PYRAMID
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Idea
Build
Product
Measure
Data
Learn
THINK LIKE A START-UP
Eric Ries Lean Startup Approach
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Forget about the Million Dollar IOT Idea Just start something. Anything.
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THANK YOU
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