Special guest, Rob Tiffany, CTO of Hitachi Lumada joins neXt Curve to discuss the origins, the present and future of the Internet of Things and why we struggle with the concept of IoT in the first installment of this 3-part webcast series.
On May 15th, 2018, neXt Curve’s Leonard Lee and Dean Freeman hosted a webcast discussion with Rob Tiffany, CTO of Hitachi Lumada, who architected and developed one of the leading IoT platforms according to Gartner Inc. Rob joined us to share his points of view on how the Internet of Things is evolving from its origins in Industrial IoT, and where he thinks it is going in the future. In the first part of our session with Rob, we discussed the conceptual disconnects and challenges facing business as they seek value from their IoT investments. We also explore the foundation of the Internet of Things as we know it today – Industrial IoT.
The Internet of Things: Too Big To Understand?
The Internet of Things continues to expand and morph in definition with new technologies being added to the mix on almost a daily basis. Toward the end of 2017 as the Bitcoin frenzy started to skyrocket, the industry was abuzz with talk about the converged of IoT and Blockchain with a slew of startups appearing at conferences attempting to stake their claim on the new flavor of IoT hype for the month.
In principle, according to Rob Tiffany, the Internet of Things is about connecting devices to create new functions that provide enhanced visibility, management and control of your business operations. The quality of business value will depend on where you reside on the continually evolving continuum of IoT maturity. Rob agreed that we are rapidly moving toward an IoT where we are able to have our business resources and assets collectively respond to business stimuli in creating optimized moments of value.
Industrial IoT: Genesis of Today’s IoT?
How old is the Internet of Things? Those who have been working in the world of Industrial IoT or its German version, Industrie 4.0 will it has been around for a long time. The idea of connecting devices that have sensors and some degree of onboard intelligence has been around for quite some time. In particular, the oil & gas industry has been leading the charge with some of the most remote, constrained use cases imaginable.
Take an oil rig as an example. The idea of IoT has been implemented to collecting data on the platform, the equipment, the well, the asset in an environment that requires sensor devices that can survive in extreme conditions but also connect remotely and wirelessly without presenting a fire hazard. When it comes to analytics, upstream operations use leading edge HPC platforms and distributed computing and storage architectures that smack of emerging Edge Computing models that are become the rage in the Internet of Things discourse.
The Internet of Things has been with us for a long time and it is evolving quickly as the term and the idea become overloaded with a broadening set of technologies and expansion into the consumer applications space such as smart home, smart car and smart cities.
You can listen to the audio replay of our Industrial Internet: Shaping The Future of IoT webcast by playing the media below or downloading the Podcast available on iTunes. Subscribe to our Podcast channel and keep up to date on the latest insights from neXt Curve.
Audio replay of Part 1 of the Industrial IoT: Shaping The Future of IoT webcast
Related Content & Media
- Industrial IoT: Shaping The Future of IoT – Part 2
- Industrial IoT: Shaping The Future of IoT – Part 3
- Internet of Things World 2018 Key Takeaways
- Want to Get Value Out of IoT? Stop Talking About IoT
Managing Director, neXt Curve
Independent Research & Advisory Fellow, neXt Curve
May 17, 2018
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