What your next project might look like. Learnings from ioT World Congress (2/2)

Azure Value Added

This is the second out of four articles about our learnings after the ioT Solutions World Congress.
Above you can see the infographic that I found most instructive about how ioT Works, and your ioT Project would follow very similar steps:

1. The first step is to connect things:
The data that all Smart devices are already gathered is sent to the cloud.  As Microsoft already explains in their article “future of cloud“, The intelligent Edge is a continually expanding set of connected systems and devices that gather and analyze data—close to your users, the data, or both. AI and cognitive services are already integrated, so that the data is properly processed. For the cases that security is already vital Microsoft has developed Azure Sphere, a secured system that includes a proprietary microcontroller that Works together with a specific operating system and cloud connection. 

2. Then, you can capture the real insights about what is happening to the device users:
The most trending example about insight capturing is the digital twin. The digital twin is a 3D ultra-realistic replication of the real assets (streets, buildings, machinery, products). The aplications are endless, for example you can combine the real 3D measurements with the models and predictive algorithms in order to better prevent failures or safety risks. The ioT hub is the central message hub that communicates with the devices bi-directionally. All these data are processed in real time (stream processing) and also stored.

3. Finally, all this learnings can be used to take actions:
Let’s take retail sector as an example. The first typical application are smartshops without queues for doing the check-out. However, this must not necessarily mean less Jobs in the sector. There may be new jobs like shop assistants that add more value. The reason is that there will be a more clear picture about the real customer needs, based on the information obtained through ioT and processed in the cloud.

If you want to know more, do not hesitate to follow us in order to read the articles that will be coming in the next weeks.

What your next project might look like. Learnings from ioT World Congress (1/2)

This is the first out of four articles about our learnings after the ioT Solutions World Congress.
In this one I’d like to summarize our general conclusions from the congress, exhibits and side events that took place:
1. Hybrid transformation is the new digital transformation:
The companies that are on track with their digital transformation are now on a new step. Physical to digital integration. This is the reason that terms like Industry 4.0, Internet of Things and Big Data are now becoming mainstream.
2. There is no more excuses to become really customer-centered:
The companies that adapt themselves to know better how customers behave offline, will become the new market leaders. If it was irresponsible in the past not to become digital, now it will not be enough. Everyone B2C company should already have a Project portfolio with several projects blending and hybridizing online and offline data.
3. High growth of Projects that integrate software with hardware and mechanics:
In the previous years, companies were relying on the online data in order to know what are the customer needs. This is not valid anymore. Now the opportunity is to obtain the insights from the offline world. The growth we observed at software and internet projects in the last two decades, will now reach the physical world, where other skillset more related to physics knowledge will be needed.

If you want to know more, do not hesitate to follow us in order to read the articles that will be coming in the next weeks

Innovation Project Management trends related to the 1st full-size passenger Hyperloop capsule

The first full-size passenger capsule in history has just been unveiled in Spain. According to some sources from inside the project, it is expected to have a first complete system up and running within just 3 years.

This is a very important milestone for the Hyperloop program, and it reminds us of several trends in project management:

1. Project contracting, and acquisitions is becoming here increasingly important:
This is just one deliverable of the Hyperloop program, and it has involved at least the following companies: Hyperloop Transportation Technologies (HTT) as leading company, PriestmanGoode as design lead, Carbures as manufacturers and Inypsa (which in fact is in the process of absorbing Carbures through the creation of the new company AIRTIFICIAL).

2. Stakeholder management is key, especially when your project is very innovative:
The first passengers will be expected to sign-off a waiver before travelling. This will happen because the regulators are working in parallel to set up the safety and legal requirements of this new transportation method. There is people from the project team in close contact with this key stakeholder.

3. Innovation projects can be powered by opening them to private competition:
One of the first companies that, instead of hiring staff, based its whole business model in open competitions to solve complex Data Science challenges was Kaggle (founded in 2010). Elon Musk replicated this model in the Hyperloop project. There are many more companies competing in this Hyperloop challenge, than the ones mentioned at the first point.

We will continue to follow this amazing race, to see who makes Elon’s dream come into reality.

Your comments are welcome!