We live in an era of rapidly advancing technology and Big Data. The use of smart phones, tablets and other gadgets is reaching saturation in many markets. About half of the world’s population has access to the internet. The popularity of social networking is spreading; for instance, Facebook has nearly two billion monthly active users.
The S of IoT networks
The assumption about big data analytics is that if you capture more data and analyze, the more accurate your results will be. But it doesn’t matter how big your data volume is and how optimized and efficient your analytics algorithms are, if the analyzed data is inaccurate from the sources, then it will surely result into inaccurate analytics.
What do Netflix, Zipcar, Mint.com, Nike+, Amazon, the Nintendo Wii, and the Apple iPhone all have in common? They all take advantage of four technologies that once were scarce and expensive but are now plentiful and cheap. These technologies can be combined in numerous ways, and we are just starting to see companies really taking advantage of the possibilities. These four technologies will have a disruptive impact on your business, almost regardless of which industry you're in. The question is whether you will choose to adopt them before a competitor does.
In my last blog post, “Race to the Cloud,” I talked about cloud strategies for Tier-1 telcos. Essentially, they’re big enough to be able to take the risk of hosting their own cloud data centers (telco’s “private cloud”), while gradually climbing up the cloud-chain from IaaS-provider to PaaS-provider to SaaS-broker/communication-and-collaboration-as-a-service provider. But, what about the smaller players? They must be shying away from hosting cloud data centers (otherwise they would have been in the news) because of the kind of investment they need to set up the cloud infrastructure. However, they can’t ignore the fact that the cloud-model is knocking at their door and they really can’t afford to lose the business opportunities.
How do you build a collaborative mindset in a company? Collaboration needs to be seen as a process that happens over time, and that the crucial groundwork for successful collaboration needs to be laid before the "actual" collaborative work happens.