Tag: Drivers

5 IoT Lessons Learned from dot-com mistakes

Five “dot com” mistakes that IoT companies must avoid

Posted on Benson Chan2 CommentsPosted in Best Practices, Execution, Internet of Things, Strategy

We are in a modern day gold rush, sparked by the Internet of Things (IoT). Thousands of companies, new and established, are planning “smart” solutions.

Amid all this, what IoT lessons learned from the past can today’s IoT companies apply to avoid mistakes of previous “gold rushes”? Are we smarter now, or are we making the same mistakes? The answer is yes and yes. This articles identifies five major mistakes made by dot-companies and five Iearnings for today’s IoT companies.

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.