Data Engineering Is The Bottleneck For The Internet Of Things
The numbers thrown out by analysts such as Gartner about savings achieved by the Internet of Things are staggering. Vendors will garner $309 billion by 2020. Positive economic impact is estimated at $1.9 trillion. But the path to creating that value is not what most people think it is. The bounding condition in deploying the Internet of Things (IoT) is not going to be the deployment of devices but rather the management and analysis of the data coming off those devices. If you are interested in making use of the IoT, that’s what you need to be working on: Data Engineering.
We Need New Templates for Cyber Risk Management
Now it is time for CIOs to make sure their role expands, and take with them their board members — many of whom may be as complacent about cyber risk as I once was. Board members need to know what CIOs already do: the finest technical capabilities in the world — the best programmers, the most effective cyber defenses, the most detailed risk management — is not enough to protect against cyber risk. We need to find new tools. Insurance company CIOs are wonderfully positioned to lead this transition. Not only are insurers on the front lines in the cyber risk fight themselves, they can also help clients discover and leverage best practices across industries.
Should CIOs Use a Carrot or a Stick to Rein In BYOD Workers?
At the heart of the partnership, a provision blocks factory reset capabilities and makes stolen devices useless after a certain number of failed password attempts. Many BYOD policies grant CIOs similar powers, such as locking devices and remotely wiping apps and data. BYOD employees often mindlessly hand over these rights. The security policy usually shows up as a wordy single page in small print with a "click to accept terms" button at the bottom, which online employees are accustomed to scroll down and click.
The New Mobile Enterprise: A Smorgasbord Of Choices
Today’s WLAN systems might be cloud-managed with only access points to install, or could be controller-based with a rack full of management servers of various types riding shotgun. 802.11ac is the hot story right now, but even here the nuance of Wave 1 versus Wave 2 creates a need to weigh your options. Then there is small cell technology, with which your WLAN system or dedicated hardware might help spread mobile networks deeper into your corporate premises if you have the demand. Increased mobility means more and newer devices on ceilings, walls, rooftops and poles. We all have common needs, but our final topologies might be quite varied.
Identity-based network services versus mobile device management
In a mobile enterprise, network services should enable a workflow-based approach to providing a user with the required connectivity and resource access. Platforms like Cisco Identity Services Engine (ISE) and Aruba ClearPass control network access with security features like device profiling, endpoint posture assessment and advanced policy management and enforcement. They also allow users to securely onboard and provision their own devices, while automatically protecting the network through the application of role-based policies.
Internet of Things may make owning less appealing
Peter Coffee, vice president for strategic research at Salesforce, also believes that the IoT will help move businesses away from an equipment ownership model as device vendors develop the means to better monitor and control what they sell. Every business, "wishes it could avoid having things on its balance sheet that aren't generating value all the time," Coffee said. Many businesses rent equipment, but what the IoT may do is expand the idea and provide more reason not to own, he said. Many of the businesses adopting IoT technologies are in the medical device area, where any downtime can translate into a real patient issues.
Big Data, the Future, Definitely
The driving factor is always the bottom-line usage. People are looking at customer retention and increasing profitability. Post GFC (Global Financial Crisis), all the industries are definitely in the innovation cycle irrespective of which industry the CIO belongs to. CIOs also focus on the cost cycle as the there is a massive pressure on CIOs to reduce costs and provide standardized services. The innovation in Big Data deals with all the three Vs – Volume, Velocity and Variety. But Big Data is mostly leveraged in increasing volume and the ones looking at the volume would be the ones that have large customer bases like eCommerce, retail, telecommunications and so on because the specific targeted marketing takes place there.
Data Credibility: A New Dimension of Data Quality?
It might be argued that credibility issues can arise purely from traditional data quality concerns, and thus never get into the realm of misrepresentation. For instance, an insurance company might have really sloppy data management practices and might have assigned junior resources to develop the spreadsheets it used for regulatory submissions. Knowing these facts, the regulators would be quite right to distrust the information they were getting. Confronted with this, the insurance company might respond that there was no deliberate intent to deceive. This argument will not wash. In all aspects of data management, and especially in reporting to outside entities (be they regulators, customers, partners or whatever), there is a duty of care.
Cloud is one of the 'most disruptive forces' in business in past 20 years: KPMG
Disruptive technologies are emerging technologies that unexpectedly displace an established methodology or a traditional IT service model. Social media, the increasing use of mobile devices, the internet of things and cloud computing are all considered disruptive technologies. “Cloud computing continues to change the game,” said the KPMG research. “Banks that continue to use outdated legacy systems will find it increasingly difficult to create and launch new services, to provide access to a mobile workforce and to accommodate geographically dispersed customers and partners as well or as quickly as their competitors who are operating in the cloud,” it warned.
How software-defined IT is answering today’s experience economy
Experience has become monetised and our digital world has transformed into an ‘experience economy’ where every poor-experience second can be metered at a cost to the business. On the flipside, according to NewVoiceMedia, following a positive customer experience, 69% of customers would recommend a company to others and 70% would secure their loyalty to the brand. Managing user experience and expectations with IT is considered one of the greatest challenges for businesses today. However, businesses that are getting it right will be presented with the perfect opportunity to turn customers into brand ambassadors that help generate revenue.
Quote for the day:
"One measure of leadership is the caliber of people who choose to follow you." -- Dennis A. Peer
The numbers thrown out by analysts such as Gartner about savings achieved by the Internet of Things are staggering. Vendors will garner $309 billion by 2020. Positive economic impact is estimated at $1.9 trillion. But the path to creating that value is not what most people think it is. The bounding condition in deploying the Internet of Things (IoT) is not going to be the deployment of devices but rather the management and analysis of the data coming off those devices. If you are interested in making use of the IoT, that’s what you need to be working on: Data Engineering.
We Need New Templates for Cyber Risk Management
Now it is time for CIOs to make sure their role expands, and take with them their board members — many of whom may be as complacent about cyber risk as I once was. Board members need to know what CIOs already do: the finest technical capabilities in the world — the best programmers, the most effective cyber defenses, the most detailed risk management — is not enough to protect against cyber risk. We need to find new tools. Insurance company CIOs are wonderfully positioned to lead this transition. Not only are insurers on the front lines in the cyber risk fight themselves, they can also help clients discover and leverage best practices across industries.
Should CIOs Use a Carrot or a Stick to Rein In BYOD Workers?
At the heart of the partnership, a provision blocks factory reset capabilities and makes stolen devices useless after a certain number of failed password attempts. Many BYOD policies grant CIOs similar powers, such as locking devices and remotely wiping apps and data. BYOD employees often mindlessly hand over these rights. The security policy usually shows up as a wordy single page in small print with a "click to accept terms" button at the bottom, which online employees are accustomed to scroll down and click.
The New Mobile Enterprise: A Smorgasbord Of Choices
Today’s WLAN systems might be cloud-managed with only access points to install, or could be controller-based with a rack full of management servers of various types riding shotgun. 802.11ac is the hot story right now, but even here the nuance of Wave 1 versus Wave 2 creates a need to weigh your options. Then there is small cell technology, with which your WLAN system or dedicated hardware might help spread mobile networks deeper into your corporate premises if you have the demand. Increased mobility means more and newer devices on ceilings, walls, rooftops and poles. We all have common needs, but our final topologies might be quite varied.
Identity-based network services versus mobile device management
In a mobile enterprise, network services should enable a workflow-based approach to providing a user with the required connectivity and resource access. Platforms like Cisco Identity Services Engine (ISE) and Aruba ClearPass control network access with security features like device profiling, endpoint posture assessment and advanced policy management and enforcement. They also allow users to securely onboard and provision their own devices, while automatically protecting the network through the application of role-based policies.
Internet of Things may make owning less appealing
Peter Coffee, vice president for strategic research at Salesforce, also believes that the IoT will help move businesses away from an equipment ownership model as device vendors develop the means to better monitor and control what they sell. Every business, "wishes it could avoid having things on its balance sheet that aren't generating value all the time," Coffee said. Many businesses rent equipment, but what the IoT may do is expand the idea and provide more reason not to own, he said. Many of the businesses adopting IoT technologies are in the medical device area, where any downtime can translate into a real patient issues.
Big Data, the Future, Definitely
The driving factor is always the bottom-line usage. People are looking at customer retention and increasing profitability. Post GFC (Global Financial Crisis), all the industries are definitely in the innovation cycle irrespective of which industry the CIO belongs to. CIOs also focus on the cost cycle as the there is a massive pressure on CIOs to reduce costs and provide standardized services. The innovation in Big Data deals with all the three Vs – Volume, Velocity and Variety. But Big Data is mostly leveraged in increasing volume and the ones looking at the volume would be the ones that have large customer bases like eCommerce, retail, telecommunications and so on because the specific targeted marketing takes place there.
Data Credibility: A New Dimension of Data Quality?
It might be argued that credibility issues can arise purely from traditional data quality concerns, and thus never get into the realm of misrepresentation. For instance, an insurance company might have really sloppy data management practices and might have assigned junior resources to develop the spreadsheets it used for regulatory submissions. Knowing these facts, the regulators would be quite right to distrust the information they were getting. Confronted with this, the insurance company might respond that there was no deliberate intent to deceive. This argument will not wash. In all aspects of data management, and especially in reporting to outside entities (be they regulators, customers, partners or whatever), there is a duty of care.
Cloud is one of the 'most disruptive forces' in business in past 20 years: KPMG
Disruptive technologies are emerging technologies that unexpectedly displace an established methodology or a traditional IT service model. Social media, the increasing use of mobile devices, the internet of things and cloud computing are all considered disruptive technologies. “Cloud computing continues to change the game,” said the KPMG research. “Banks that continue to use outdated legacy systems will find it increasingly difficult to create and launch new services, to provide access to a mobile workforce and to accommodate geographically dispersed customers and partners as well or as quickly as their competitors who are operating in the cloud,” it warned.
How software-defined IT is answering today’s experience economy
Experience has become monetised and our digital world has transformed into an ‘experience economy’ where every poor-experience second can be metered at a cost to the business. On the flipside, according to NewVoiceMedia, following a positive customer experience, 69% of customers would recommend a company to others and 70% would secure their loyalty to the brand. Managing user experience and expectations with IT is considered one of the greatest challenges for businesses today. However, businesses that are getting it right will be presented with the perfect opportunity to turn customers into brand ambassadors that help generate revenue.
Quote for the day:
"One measure of leadership is the caliber of people who choose to follow you." -- Dennis A. Peer
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