The Internet of Things (IoT) is in its very early stages. A mature IoT will be characterized by continuous hyper-internetworking of unprecedented volumes of data and information, generated by, and harvested from, many billions of devices, platforms, things, applications and people.
While there tends to be tremendous focus on its dazzling, unprecedented scope and scale, and immediate solutions, the key to its success is long-term viability for all stakeholders. In some sectors there is almost a panic to get underway, as time-honored operational modes and business models cannot simply be updated or upgraded to cope with changing circumstances.
Our advice to customers is don’t waste time, resources and money reinventing wheels that have been created already elsewhere. Rather, learn from those who’ve tackled similar problems, then adopt, adapt and partner to innovate, and to gain agility, competitive advantage, speed and sustainability.
In other words – “Be quick, but don’t hurry.”
Essentially through our consulting engagements, we assist customers:
- Find the challenges and opportunities of the Internet of Things.
- Discover new business models and roles established players could assume within them to achieve the best outcome for everyone.
- Manage the complexities of IOT and the challenges particular to relevant stakeholders in the IoT/IoE space.
- Tackle the challenges of needing new approaches to operations, infrastructure and partnering to succeed in the digital marketplace.
Our services cover IoT verticals that are currently attracting the most interest and investment. They include but not limited to:
- smart energy
- connected workforce
- connected home
- smart cities
- digital health
- Industry 4.0 & later
Opportunities & Challenges of IoT
Not so long ago the delivery and consumption of digital services was fairly straightforward. A service provider owned the network and had a one-to-one transactional relationship with passive individual consumers or businesses. Today service creation and supply is much richer, more complex and variegated, with multi-partner production, value and delivery arrangements, and interactions. And end users are playing a more active role that sometimes includes activating and managing their own services.
As the consumer, commercial, and enterprises worlds embrace all things digital, the complexity of integrating and managing digital services is only growing. New services are created every day through a complex value chain of partners. This results in growing challenges in delivering customer satisfaction and long-term success with new requirements for end-to-end manageability, security, scalability, and efficiency. With an estimated 30-60 billion devices connecting online in the next six years, the Internet of Things (IoT) transformation is the next great ICT disruptive event that will change both social norms and how business is conducted in a new technology framework.
At Mappiah we help customers to succeed in their respective industries by implementing the relevant IoT tools and integration of “things” as basis for new business models.