Tag: data mining

Smart parking - the real innovation is not in the parking

Smart parking is innovative, but what it enables is even more innovative

Posted on Benson Chan2 CommentsPosted in Digital Transformation, Innovation Management, Internet of Things, Smart City

The real innovation of smart parking solutions is not in the technology. While smart parking solutions bring immediate value to drivers, parking enforcement agencies and cities, the real innovations and value will emerge once it is deployed and new beneficiaries emerge.

Smart parking is not all about parking. This article describes who the new beneficiaries are, shares examples of where new value is being created, and lists best practices to uncover real innovations.

IoT innovation is not in the solution, but in how it is used

IoT innovation is not in the technology, but in what it can do

Posted on Benson Chan4 CommentsPosted in Best Practices, Digital Transformation, Innovation Management, Internet of Things, Strategy

Don’t confuse IoT with innovation. The real IoT innovation is not in the technology, but in what it can do and what it allows organizations to become – intelligent, agile and adaptive, in creating new value for its customers.

This article describes five innovation paths with IoT solutions to consider when planning digital transformation projects, along with advice to get started on turning the Internet of Things into the Innovation of Things.