Building the Smart Region: an opportunity for electric utility companies

Posted on Leave a commentPosted in Business Models, Digital Transformation, Innovation Management, Internet of Things, Smart City, Smart Communities, Strategy

While smart cities represent a major business opportunity for utility companies, they are better suited to co-lead the building of the “smart region”. Utility companies have the regional focus, infrastructure, resources, operational and execution capabilities to support the largest metropolitan areas to the smaller cities and regions.

This article discusses some entry level smart region opportunities for utility companies, as well as some of the key gaps they must address.

Smart City Ecosystem Architects - eight things to do

Building Smart Cities – Eight Things That Matter

Posted on Leave a commentPosted in Best Practices, Digital Transformation, Industrial IoT, Innovation Management, Internet of Things, Smart City, Smart Communities

Whether you are planning or have already started your smart city journey, there are eight things that cities must get right. While smart cities are often associated with technology, it is but one component within the larger smart city ecosystem that needs to be addressed.

This article discusses the eight things that leaders and planners must get right, in order to build the sustainable and well functioning smart city.

Future-proofing your IoT Infrastructure

Posted on 1 CommentPosted in Best Practices, Innovation Management, IoT, Product Management, Strategy

Buyers face a dilemma with buying IoT solutions today. Buy an immature solution now and risk obsolescence in the near future, even if the solution has value for them today, or hold off buying until things become clearer.

In this blog, we will share common causes of obsolescence and a framework for futureproofing your IoT infrastructure. We will list some tactical practices to put in place to maximize the useful life of your IoT solution.

Innovation of Things, not the Internet of Things will drive real innovation and transformation

Posted on 1 CommentPosted in FAQs, Innovation Management, Internet of Things, IoT

Are you ready? The Internet of Things (IoT) is here and its ability to drive new innovation will be huge.

But how much is real and how much is hype? Today’s IoT are “point” solutions that don’t live up to the hype. They offer limited utility and solve a small set of problems.

This articles discusses what IoT will look like when it lives up to the hype. It provides fives takeaways for managers to do today to begin the transformation from Internet of Things to Innovation of Things.