(by Michael E. Porter and James E. Heppelmann)
Smart, connected products offer exponentially expanding opportunities for new functionality, far greater reliability, much higher product utilization, and capabilities that cut across and transcend traditional product boundaries.
By Gordon Hui
As the Internet of Things (IoT) spreads, the implications for business model innovation are huge. Filling out well-known frameworks and streamlining established business models won’t be enough. To take advantage of new, cloud-based opportunities, today’s companies will need to fundamentally rethink their orthodoxies about value creation and value capture.
Industry 4.0 or the Industrial Internet is more than just a vision of the future. Using current technologies to connect physical objects to the virtual world is already yielding new business models. Machine and component manufacturers have an opportunity to drive forward their service business and secure their own personal competitive edge.
By Thomas H. Davenport & John Lucker, Deloitte University Press
The fitness tracker on your wrist may be the most evident sign of the Internet of Things, but it is just one node resting on top of communications, analytics, policy, and even behavioral infrastructure.
By Frank Diana
The true disruptive power lies at the intersections. Understanding these combinations helps us exploit disruptive opportunity; versus succumbing to disruptive stress. This same ability to combine and disrupt provides a platform for next generation efficiency and effectiveness.