Tag: innovation

smart buildings in the age of covid-19

How COVID-19 clarified the necessity and value of smart buildings

Posted on Benson ChanLeave a commentPosted in COVID-19, Digital Transformation, Economic Impact, Internet of Things, IoT, Safe Spaces, Smart Buildings, Smart City, Smart Communities, Strategy

Smart buildings transform the spaces in which we work, live, shop, and relax. They implement innovations that change what we do, how we do it, and where we do it. The COVID-19 pandemic disrupted how we used indoor spaces, and despite our progress in combatting the disease, scientists believe it will persist. What then becomes the role of smart buildings?
This blog updates the definition of today’s smart buildings and describes its evolved roles.

smart buildings in a smart city

Smart Buildings – What’s In It for Cities? (Part Two)

Posted on Benson ChanLeave a commentPosted in Digital Transformation, Industrial IoT, Internet of Things, Smart Buildings, Smart City, Smart Communities, Strategy

Smart buildings bring new and significant value to tenants, building owners and operators. These benefits range from increased tenant productivity and safety, lower operating costs, and higher satisfaction. But what value do smart buildings bring to cities?

This article, the second of two parts, describes a framework used to identify areas of value creation by smart buildings for the benefit of cities. A sample set of benefits, and a format for presenting these in a consumable format well suited for city leaders, is presented.

Smart City Ecosystem Architects - eight things to do

Building Smart Cities – Eight Things That Matter

Posted on Benson Chan1 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.

Smart City Ecosystem Framework

Planning Sustainable Smart Cities with the Smart City Ecosystem Framework

Posted on Benson Chan6 CommentsPosted in Digital Transformation, Internet of Things, Smart City, Smart Communities, Strategy

The smart city is a complex ecosystem of people, processes, policies, technology and other enablers working together to deliver a set of outcomes.

Despite this, many planners today are not taking an ecosystem approach to smart city projects. This article introduces the smart city ecosystem framework, a more holistic and multi-dimensional approach, to building more sustainable, scalable and relevant smart cities.

IoT build, buy, partner

Build, buy, partner? Strategic options for creating smart solutions

Posted on Benson ChanLeave a commentPosted in Execution, Industrial IoT, Internet of Things, Product Management, Strategy

IoT enables vendors to create an entirely new line of “smart” solutions for its existing and new markets. While the decision to go “smart” is straightforward, the decision of how to go “smart” is less obvious. Vendors are faced with a “build, buy, partner” decision – build it themselves, buy and integrate technology, or partner with another organization and go to market together.

This article discusses some of the key management considerations involved in making a decision.

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.

Five things managers should do first in an emerging IoT market

Posted on Benson Chan3 CommentsPosted in Digital Transformation, Internet of Things, IoT, Strategy

There is no lack of IoT platforms, business models, and innovative products in the market today. However, today’s products are still immature point solutions. From technology standards, to business models, IoT will evolve over the next few years.

Given the immature state of IoT, what should transformation, business and IT managers do today?

This article discusses five things that managers should do now as they plan and deploy IoT strategies and projects.

5 types of innovation

Innovation is not just about technology – the five types of innovation all managers must know

Posted on Benson Chan3 CommentsPosted in FAQs, Innovation Management, Strategy

Recently, I met with key executives from an industry trade group to discuss disruptive innovation in Silicon Valley.

One key concept I shared with them is that although many people equate innovation with technology, there are actually five types of innovation and that some or all may occur at the same time.

This post describes the five types of innovation, and provides managers with three takeaways to guide their innovation strategy.