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IoT is a very rapidly evolving space. This pace and nature of evolution is impacting businesses and companies in very fundamental ways. Large industrial manufacturers are becoming software companies, retail consumer companies are becoming analytics enterprises, cloud software solution companies are developing hardware capabilities that capture more value in IoT ecosystems, start-ups are challenging established players in almost every segment; the transformation across industries is quite unprecedented . Skills and capabilities required to win in this new world order are vastly different to what companies have cultivated over past several decades. Moreover, IoT is impacting transformations much quicker than businesses are normally used to; which necessitates acquiring skills and capabilities swiftly. In such a dynamic environment, it is imperative for companies to partner with others to get faster access to solutions, quicker reach to markets, better scale and more comprehensive capabilities.
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(Buyya and Dastjerdi, 2016) Rajkumar Buyya and Amir Vahid Dastjerdi “Internet of Things, Principles and Paradigms”, Elsevier, 2016, ISBN: 978-0-12-805395-9.
(Deloitte, 2015) Deloitte, The Internet of Things Ecosystem, https://www2.deloitte.com/global/en/pages/technology-media-and-telecommunications/articles/internet-of-things-ecosystem.html
(Poter and Heppelmann, 2014) Michael E. Porter, James E. Heppelmann, “How Smart, Connected Products Are Transforming Competition”, HBR Review, Nov. 2014.
- Strengthening Your Technology and Partner Ecosystem
Sudhi R. Sinha
- Chapter 11
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