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IoTization By @TonyShan | @ThingsExpo #IoT #API #BigData #InternetOfThings

The IoT market is on track to hit $7.1 trillion in 2020, according to an IDC's study

The IoT market is on track to hit $7.1 trillion in 2020, according to an IDC's study. Are we ready for this massive demand? How can we deal with the challenges?

Some firms choose to take no action by claiming they are too busy with what they are doing. Some organizations blindly jump into it with no thinking or planning. Some companies opt to take a bold stance to bet on something immature. Needless to say, all these attempts are highly risky and naive. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.

An IoTization method is formed to guide the systematic adoption and enablement of IoT implementations, composed of the following components: Prototype, Extend, Assess, Strategize, Formulate, Accelerate, Initiate, and Revamp (PEAS FAIR). Each component is described below:

  • Assess
    • Review the current state
    • Analyze barriers and pain points
  • Formulate
    • Define the future state
    • Identify gaps and road blockers
  • Strategize
    • Evaluate options and viability
    • Construct a phased plan
  • Initiate
    • Find low hanging fruits to deliver quick wins
    • Explore new trending areas of potentials and bigger impacts
  • Extend
    • Leverage existing technology elements
    • Retool the present IT resources
  • Revamp
    • Rearchitect the current portfolio with IT and OT
    • Revise processes to apply IoT in solutions
  • Prototype
    • Test the technology of interest on a small scale in POC
    • Carry out pilot experiments on selected candidates
  • Accelerate
    • Jump-start the end-to-end SDLC
    • Establish CoE and build competency

The IoTization method helps organizations adopt IoT and IoTize in a holistic manner. The focus must be business impacts and competitive advantages. We ought to incorporate cross-disciplinary processes to be agile and forward-thinking. The emphasis is put on the pragmatic increments in an iterative way. Engineering practices need to be leveraged. Ultimately, it is not the devices in the IoT world, but the winning strategy and right methodology that help businesses transform their operations. Start small and get kicked off quickly, but never begin your journey without a solid plan.

For more information, please contact Tony Shan ([email protected]). ©Tony Shan. All rights reserved.

More Stories By Tony Shan

Tony Shan works as a senior consultant, advisor at a global applications and infrastructure solutions firm helping clients realize the greatest value from their IT. Shan is a renowned thought leader and technology visionary with a number of years of field experience and guru-level expertise on cloud computing, Big Data, Hadoop, NoSQL, social, mobile, SOA, BI, technology strategy, IT roadmapping, systems design, architecture engineering, portfolio rationalization, product development, asset management, strategic planning, process standardization, and Web 2.0. He has directed the lifecycle R&D and buildout of large-scale award-winning distributed systems on diverse platforms in Fortune 100 companies and public sector like IBM, Bank of America, Wells Fargo, Cisco, Honeywell, Abbott, etc.

Shan is an inventive expert with a proven track record of influential innovations such as Cloud Engineering. He has authored dozens of top-notch technical papers on next-generation technologies and over ten books that won multiple awards. He is a frequent keynote speaker and Chair/Panel/Advisor/Judge/Organizing Committee in prominent conferences/workshops, an editor/editorial advisory board member of IT research journals/books, and a founder of several user groups, forums, and centers of excellence (CoE).

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