A naukri.com initiative
Medium
3w
211
Image Credit: Medium
Operating Technology to the Power of Information Technology
- JavaBot uses IT to roast micro-batches, grind coffee enough for a single cup, and brew it on demand to make a killer cup of coffee while excluding IT from directly participating in final production or delivery.
- Industries like automobile manufacturers, natural resources production, and organizations that generate and distribute electricity, etc., use IT as a component, while for industries such as telecommunications, banking, insurance,it is central to how they generate their services and monetized through monthly subscriptions.
- IoT is more like an industry movement that is similar to cloud, so both IT driven and IT component companies can participate in the IoT movement.
- The opportunities to capitalize on IoT solution architectures exist in every industry, seek out areas where the business processes are complex, aged, and inefficient as a byproduct of their real-world attributes and physical implementation.
- There are plenty of brownfield opportunities in companies with long business cycles who haven’t modernized their tooling.
- In Financial Services, there are also opportunities to help teams modernize their compliance approaches, where processes are complex, aged, and inefficient, and adjusting to modernization is mandatory.
- Careful application of Design Thinking and customer Co-Creation, including industry expertise, is mandatory to actually make OT to the power of IT.
- Overall, there is IoT potential not just in heavy industries like Oil and Gas, but also in industries that trade on intangible products and services like Financial Services.
Read Full Article
12 Likes
For uninterrupted reading, download the app