IoT Lessons From 2016 – Part 2
Part 2 of our series focusing on expected benefits and impacts of IoT.
What are the main drivers for IoT makers and manufacturers to offer connected products?
- Deliver product as a service and create new monetization opportunities
- Manage dynamic permissions and entitlement for connected products
- Derive new customer and product insights from data collected from IoT devices
- Drive customer engagement, personalization, intimacy while protecting privacy
What are the main drivers for IoT operators and enterprise customers to implementing connected processes?
- Manage connected assets across distributed environments
- Gain operational health insights to predict downtime, remotely perform maintenance
- Manage dynamic permissions and entitlement for connected assets
How should IoT connected product makers alleviate the security concerns of their end users?
- Increase level of trust in connected products with authentication and event monitoring
- Provide more control over the data exchanged via IoT devices
- Manage relationships and apply permissions among IoT devices
Wrap up: according to Gartner, no single Internet of Things platform will dominate until at least 2018. This implies that companies will need to assemble multiple purpose-built IoT cloud platforms to compose the IoT business platform they need to launch new connected products efficiently and at scale.
In the absence of a unique or universal standard for IoT device identity management, it is crucial to select vendors that can combine established IAM expertise with flexibility to accommodate existing and future protocols. Equally important is their proven ability to execute and scale with referenceable, large scale implementations like Covisint has done with large auto makers for the past years.