measuring the impact of iot - what are your business strategies?

Copyright © RIOT 2015 All Rights Reserved

MEASURING THE IMPACT OF IOT WHAT ARE YOUR BUSINESS STRATEGIES?

Dr. Mazlan Abbas REDtone IOT Sdn Bhd

http://www.redtone.com @mazlan_abbas


MEASUREMENT OF SUCCESS

1.  FORMULA = +10 DO’S – 10 DON’TS

2.  Value Pyramid

3.  Think Like A Startup


Believe in IOT

DO (1)


Understand the impact of IoT

DO (2)


Get CEO buy-in

DO (3)


Hire the right people. Hire the Chief IOT Officer

DO (4)


Have an IoT plan

DO (5)


Have an IoT budget

DO (6)


Change the process

DO (7)


Try IoT app even if its small

DO (8)


Learn from others

DO (9)


DO before others DO

DO (10)


Procrastinate

DO NOT (1)


Think its simple to catch-up

DO NOT (2)


Leave your assets alone non-monitored

DO NOT (3)


Work in silos

DO NOT (4)


Think IT is the only department responsible to implement IoT

DO NOT (5)


Think IoT is just a "technology push"

DO NOT (6)


Wait for National IoT Blueprint to launch

DO NOT (7)


Depend only on the government to start IoT initiatives

DO NOT (8)


Minus your IoT budget from the Company's equation

DO NOT (9)


Let your competitor take the lead

DO NOT (10)


TO MAKE SENSE YOU NEED TO MEASURE

YOUR DATA MAKE SENSE?


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


Idea

Build

Product

Measure

Data

Learn

THINK LIKE A START-UP

Eric Ries Lean Startup Approach


Forget about the Million Dollar IOT Idea Just start something. Anything.


THANK YOU

measuring the impact of iot - what are your business strategies?

Presentations & Public Speaking

iot budget

iot app

iot initiatives

impact of iot

iot plan

dollar iot idea

national iot blueprint

chief iot officer