The Daily Exchange: Day 1 at IoT Exchange
Highlights from our four academies, main stage presentations and solutions center
Welcome to Day 1 of the IBM® IoT Exchange. With four academies, main stage presentations and a robust solutions showcase, it was an information-packed day, with IoT thought leaders and experts, and IBM customers, IBM Business Partners and staff. Did we mention we had a backyard party, too? More on that later.
If you’re here with us in Orlando, we hope you enjoyed this first exciting day. For those who couldn’t attend, below are just a few of the day’s highlights:
Opening Keynote: IoT Data + AI: Driving Your Operational Transformation
The day started with a keynote designed for all. For those who focus on optimizing their manufacturing, “It’s really how we change the management of these assets in the context of needing to better predict when they’ll fail … I like to think of it as moving from changing the car oil every 10,000 miles to only changing the oil when it’s needed,” said Kareem Yusuf, Ph.D, Watson IoT GM.
For those focused on optimizing buildings and creating more engaging workplaces, IBM Distinguished Engineer, Shalini Kapoor, noted that, “An anomaly is no longer an anomaly if it keeps occurring.” That’s why understanding your energy is so critical, especially since energy represents 30 percent of the cost of buildings.
For those dealing with the complexity of today’s engineering environment, Dibbe Edwards, IBM VP of Offering Management, asked the audience, “Did you know that 80% of churn in projects and 50% of defects are driven by bad requirements?”
From the Maximo Academy
IBM to develop an AI-powered IoT solution to help manage and monitor aging bridges, tunnels, highways and railways
To kick off the IBM Maximo® Academy, we announced a collaboration with Sund & Baelt, to assist in building a solution to address the need for improving the world’s failing infrastructure. The price of poor infrastructure is high, as shown in the visual below, and IBM Maximo for Infrastructure is here to bridge the gap. The new industry solution further extends the IBM Maximo portfolio while providing deep industry and task-specific functionality to help organizations manage, monitor and administer their infrastructure assets. You can read the press release here and check out today’s blog for more background.
A view into the future with IDC analyst, Aly Pinder
As we kicked off the day’s activities, Aly Pinder of IDC gave us a view into future trends around enterprise asset management (EAM) and asset performance management (APM). The biggest challenge? “We are inundated with data but don’t have any actual insight,” Pinder stated, “A technician doesn’t need an entire manual, they need the right answer.” This is where infusing analytics, IoT and artificial intelligence into the data we are collecting around our assets will come into play. The data transforms into the insights needed to make smarter decisions in real time.
From the TRIRIGA® Academy:
People spend 87% of their time in buildings. Yet few understand what goes on behind the scenes. Fortunately, our TRIRIGA Academy expert speakers were on-hand, starting with our first keynote speaker, Kelly Bacon, Head of the Americas Workplace at AECOM. Her talk, IoT, Biometrics and the future of design was a fascinating look at the macro trends shaping our workplace experiences. And it’s certainly a timely and important topic because as she noted, “If you change your space, you can change your culture.”
So many great sessions for TRIRIGA Academy attendees today. Some, but definitely not all, of the great content included a look at how Indian retailer, Future Group, is managing energy costs with real-time information, the power of prediction and TRIRIGA Building Insights. How pharmaceutical company Regeneron has a “cradle-to-grave” approach to the asset management lifecycle and how EY is going beyond the pillars to enhance value, support innovation and generally make the teams happier.
From the Engineering Academy:
Today’s engineering teams are facing new challenges, requiring accelerated approaches to managing complexity. To kickoff the Engineering Academy, the format was structured to focus on three key themes:
- Global collaboration – how to find your single source of truth across global teams
- Digital platform – how to move away from documents and disparate systems
- Advanced analytics and AI – how to improve your decision making
IBM has also been changing its terminology around the Engineering portfolio. Based in market language, we are future proofing and investing in our solutions to make them more user friendly and integrated across the entire engineering lifecycle.
Optimizing the engineering life cycle requires digital transformation
Hot off the press, this thought leadership whitepaper from MIT Tech Review takes you through real-world stories from industry disrupters who are driving digital transformation in engineering. Across industries like automotive and defense, companies like Visteon and Raytheon are bringing transformational change to their engineering teams by implementing cloud-based solutions that integrate systems of systems and teams of teams.
50% of defects are driven by bad requirements
Today’s engineers are faced with growing complexity, and creating good requirements is paramount for reducing cycle time and minimizing risk. IBM Engineering is bringing the power of Watson and AI to requirements management to help engineers spot errors and improve requirements quality. By injecting intelligence into the requirements writing phase of a project, teams can improve collaboration and decision making. This will pave the way for AI to be built into the rest of the Engineering lifecycle.
The Requirements Quality Assistant interactive experience in the Solutions Center really brings this capability to life so that engineers can try their hand at improving requirements quality on the spot.
This is the best time to be a good CIO. This is the worst time to be an average CIO.
Tier-one automotive supplier, Visteon, has successfully converted what was traditionally a technology debt into a technology dividend. CIO, Raman Mehta shared how the company has undergone a transformational shift from a hardware mindset to a software mindset by plugging into advanced analytics and AI.
With transformation, selective pressures will determine IoT survivors
Chris Rommel from VDC Research explored the trends driving innovation in systems engineering. He explained that improved outcomes require fundamental reevaluation of tools and processes, based on trends and insights gathered from real-world scenarios.
Platform Academy highlights:
It’s all about the data and the insights you gain from it. That why we kicked off the Platform Academy with an in-depth appraisal of the outlook for the IoT Market. Our keynote guest, Christian Renaud, Vice President of IoT at 451 Research, and IBM Director of Offering Management, Will Streit hosted a lively Q&A session, and as Will noted, the IoT Platform is truly part of the entire conference.
Solution Center activities
If you’d like the chance to give feedback on the development of our digital twin solution, make sure you swing by for your 15 minutes of fame at the Think Tank behind the SaaS Smart Bar.
Also don’t forget to swing by the APM booth to earn a $10 Amazon gift card by taking the APM Assessment!
Girls Who Code
And we are delighted to spotlight Girls Who Code during the event. Girls Who Code is on a mission to close the gender gap in technology and to change the image of what a programmer looks likes and does. And our attendees only needed to spend 5 minutes to earn $10 for the organization by writing a software review. So simple yet such a great cause.
By no means is IoT Exchange all work and no fun. After a great day of using our brains, it was time to use some brawn (or maybe just a good tossing arm). Food, drinks, a band and all manner of outdoor games — from skee ball to giant foosball to a golf simulator and, of course, the family friendly giant cup pong.
Here’s to wrapping a great first day. And we invite you to join us tomorrow for another Exchange wrap up.