The four key ingredients to realize IoT opportunities

By | 3 minute read | November 21, 2016

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What is it that you need to capture the substantial business opportunities that digitizing the physical world through IoT opens up? Of course you need the skills – but have you got the right skills in the right place – and can you scale them? You need industry knowledge. You might have that already, but do you have that when it comes to IoT too? Skills and knowledge are great – but you need to be able to apply them using a platform that can give you ever-evolving abilities. And then there’s scale, are you a sole developer, a startup, a small business or an enterprise? How easy is it for you to access the winning elements that you need?

IBM has announced a number of offerings that can help in each of these four areas. Taking advantage of these could really help you realize the significant business opportunities that the IoT offers. Let’s get started.

Skills – when and where you need them

The brand new IBM Watson IoT Consulting Solutions practice makes 1,500 experts available from the IBM Watson IoT headquarters in Munich, Germany and in eight other IBM IoT centers across Asia, Europe and the Americas. This gives rapid access to a flexible group of skilled practitioners from anywhere in the world. Among the group are consultants, designers, data-scientists and security specialist, all with deep experience in their respective areas.

Knowledge – of your industry

Knowing the different needs by industry is key too. The experts in the IBM Watson IoT Consulting Solutions practice also have deep industry expertise – the first priority industries they cover includes automotive, electronics, industrial products, insurance, retail, telecommunications, transportation and buildings. Then there are tailored offerings to get things moving quickly.

IBM has also announced new industry offerings including IBM Watson IoT for Manufacturing and Asset Health Insight. These new capabilities include intelligent assets and equipment to sense, communicate and self-diagnose issues to improve machinery performance and reduce downtime. It’s an area of huge potential. McKinsey estimates IoT applications in factory settings to have the potential to create value of $1.2 trillion to $3.7 trillion per year in 2025. Additional industry offerings on the IBM Watson IoT Platform include IBM Watson IoT for Automotive, IBM Watson IoT for Electronics and IBM Watson IoT for Insurance.

Capabilities – that are bang up to date and integrate

Of course skills and industry knowledge are important, but you need the leading edge tools to get the work done. This is where the IBM Watson IoT Platform APIs and technologies comes in. The Watson IoT Platform opens up access to cognitive, analytics, mobile, security and cloud capabilities, together with development and implementation consulting and ongoing support.

Then there’s integrating hardware and software. This has just become easier with a new collaboration between IBM and Aras. This unites IBM’s leading Application Lifecycle Management solution with Aras’ Product Lifecycle Management platform. Why is this interesting? Because it helps engineers integrate the complex hardware and software development processes needed to make the smart, connected products of the future.

Scale – that fits your size

IBM is already working with over 50,000 developers and has 22,000 students on the ‘A Developers Guide to IoT’ Coursera course. They’re now opening this up to give even more access to the Watson IoT platform and skills – and free. For businesses who are just starting out on IoT and developers testing out and exploring new IoT innovations, IBM is offering open and free access to the IBM Watson IoT Platform development capabilities. As projects grow, developers can then take their prototypes and scale to full production to meet business needs. There’ll be new tutorials too on the Watson IoT Academy. Want an introduction to programming a Raspberry Pi? This is the place for you. How about using Natural Language Processing? That’s here too along with how to use Node-RED, the open source visual programming tool set that is becoming a standard for building connected IoT programs and many other courses.

Join the IoT movement with one of the leaders

Skills, knowledge, capabilities and scale – the key ingredients needed to take advangate of IoT opportunities. And Forrester agree too. They’ve reviewed a number of IoT providers and in their Forrester Wave™ IoT Platforms, Q4 2016 report, rated IBM as a leader.

Forrester commented

“IBM has added significant capabilities to the platform, including augmented reality, cognitive capabilities, blockchain, edge analytics, analytics tooling, and natural language processing, to name a few. With a strong commitment to open source standards and a robust global partner ecosystem, IBM is well positioned for market leadership.”

Realizing opportunities

Hopefully you’ll take advantage of these new capabilities too and realize the opportunities that the IoT offers.