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Part 1
A Secure and Transformative IoT Now
1
Beyond the Hype – All You Actually Need to Know About IoT for Business
A “Perfect Storm” of Technology, the Economy, and Culture

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IoT is bringing together three key elements – technology, the economy, and culture – to form what can be popularly described as a “perfect storm.” Whereas a lethal brew of elements is typically associated with a dangerous storm, IoT's wide open opportunities can be embraced by any organization that wants to be involved. In the process, we're all experiencing a massive rebalancing of key economic, social, environmental, and privacy/security priorities. Although the landscape is full of “900-pound gorillas,” none has succeeded in dominating this issue. (Full disclosure: My own organization, Cisco, aspires to be an influential IoT leader.)

The truth is IoT presents an opportunity for every organization, not just a few chosen companies. Even small and midsize enterprises can participate. Winners will transform their businesses based on open standards and build ecosystems of partners to deliver vertical solutions based on horizontal capabilities. Meanwhile, losers will ignore these changes and stick to their old business models based on proprietary or semi-proprietary technology and ensure customer lock-in until those customers steadily abandon them. (With luck, some of these companies will realize the problem before it's too late. Others, sadly, never will. Remember the changes to the make-up of the S&P 500 over the past decades?)

In terms of technology, IoT is adopting cloud-oriented technology even as it drives an architecture shift to fog computing as an extension of the cloud to the edge. At the same time, IPv6-driven networking and nimble open technologies have been driving the corresponding application explosion. Fog computing, meanwhile, is removing latency and enabling real-time analytics and responsiveness while Time Sensitive Networking is offering real-time guaranteed latency for time critical traffic. Very quickly, you will see new technologies evolve to clearly distinguish IoT as the next stage of the Internet. I call them IoT-native technologies and applications – designed and optimized around everything connecting to everything.


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Building the Internet of Things

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