Internet of Things: What’s the Big Idea?

By Estelle

 

 

Internet Of Things


Written by Hong Bai *

Starting from January 2013, right after Google announced its $3.2 Billion acquisition of NEST, the expression “Internet of Things”, known as IoT, has suddenly become the big buzz word in all different industries. Engineers and business leaders are having all kinds of discussion around this area over social media. And some among them did successfully transform their business by creating disruptive innovations based on IoT oriented technologies, such as Parrot or Withings.

However, among all those discussions and successful business cases, there is one question that was never clearly answered: what’s the big idea about internet of things? I think that everyone may have his/her own answer to this question and there does not exist an absolute definition to which we can look upon. I would like to share my own opinions about the true nature of IoT here.

First of all, to understand the term “internet of things”, we have to start with the word “things” that refers to the products that are enabling IoT usages. There are two important features about these products: mobility & connectivity. These two features have already served in many consumer and industry use cases , and their main purpose is: collecting live information from anywhere at any time. This leads us to the second important element of IoT – data.

When you have one device collecting information for you, the outcome of that process is called data. But when you have billions of connected devices that are collecting all different types of information for you, then it will become Big Data. In my opinion, Big Data is the derived content of IoT. Its purpose is to be analyzed in order to better understand the behaviors of systems or consumers. Once companies can identify the patterns and interrelations among different behaviors, which seem to be random or disordered, they can anticipate events or activities that will occur in the near future and build an offer to bring additional value to users. The best way to deliver such additional value is through services.

Service is the third important element of IoT. It is also the most profitable and valuable part of the entire IoT value chain. If product and data are about creating needs, services are usually designed to be the exact solution to satisfy those needs. For instance, if I have a product which collects information about one’s body weight, it will collect a huge amount of data about people’s weight. From those data, I find out that people will start looking for professional advices once their body weight is 30% above the average. It allows bringing fitness services offering to those people to satisfy their needs. This provides an extraordinary user experience to the end consumers.

Now, the answer to my previous question seems to be obvious, the big idea of IoT is to have connected devices collecting data for analysis, and offer exceptional services based on the result of the analysis, to create unique user experiences.

Are you Ready for the Internet Of Things? Join us at Solidworks World 2015 and attend the session “Mechatronics engineering experience for Smart Devices with SolidWorks”  on Monday Feb 9th  from 10.30  to 12.00 pm.

* Hong Bai is the High-Tech Industry Mechatronic System Design Consultant @ Dassault Systèmes. In his role, Hong is working with worldwide  leading Electronics companies to support their key business process transformation initiatives. 

Making Global Medical Device Product Innovation A Reality – Watch the Webinar Replay

By Helene

Technically and geographically diverse product development teams must work together more closely than ever to develop medical devices which will focus on the needs of patients and doctors globally. In order for medical device companies to compete, traditional voice of customer (VOC) approaches need to keep pace with healthcare consumers increasingly sophisticated product needs. Medical device product innovation can result from improved ideation which facilitates collaboration between all global stakeholders.

Medical device product development is a complex process involving research and development teams, designers, and the marketing and regulatory teams that gather requirements from customers and governing agencies. A 2012 report from Axendia titled “Walking the Tightrope: Balancing the Risks and Rewards of Med-Tech Globalization” highlights the opportunities and challenges posed by increasing globalization. Medical device product opportunities lie in growing global patient markets and working with outsourced partners in a more collaborative role. Challenges include increasing data visibility and analysis as well as keeping track of regulations for each region.

Smart Watch Design for the Life Sciences Industry

Smart Watch Design for the Life Sciences Industry

Dan Matlis, president of Axendia, was one of three speakers at Dassault Systèmes (3DS) sponsored webinar during the December 3rd (now available on replay) discussing results from this report as well as ways medical device companies can address them. The webinar titled “Learn How Leading Medical Device Organizations are Driving Innovation in a Global Marketplace”  also included Cathi Crist, Partner and leader of the Life Sciences practice at Kalypso where she educated viewers on how product lifecycle management (PLM) facilitates innovation. Rounding out the webinar was Stuart Karten of Karten Design, where he shared his firsthand insights on how leading medical device organizations are leveraging design and innovation to improve and create new products. Click here to watch the webinar replay.

Today’s global consumers develop strong and sometimes very personal reactions about the healthcare products they experience, and are quick to discuss their likes and dislikes via social media. These tweets, Facebook updates, and Instagram posts in turn create more discussion and opinions among their network and beyond. These data create a rich product development resource for medical device companies. Focus groups and surveys have always been used by companies to gauge needs of their customers, but they can be time intensive and expensive. Innovative medical device companies realize that listening to customers first, in real time, rather than being reactionary when complaints arise, will be the winning strategy. Indeed, putting patients and doctors first, and even involving them in the product development process, will result in more customer satisfaction and sales.

The Dassault Systèmes Ideation and Concept Design for Medical Device Industry Solution Experience redefines medical technology workflow via social collaboration. Powered by the 3DEXPERIENCE platform, it is the first cloud-based, all in one innovation management system. This solution was highlighted during the webinar, and in keeping with social collaboration, we hope you can join the discussion, and leave any comments or questions below.

How to Foster Open Innovation: The 5 Things You Need to Know

By Estelle

 

Open Innovation by Dassault Systèmes

It was a little more than a decade ago that Berkeley professor Henry Chesbrough started developing the concept of Open Innovation at the Center for Open Innovation, where he was also a director.  Back then, Chesbrough’s idea of Open Innovation relates to pooling platforms or tools to help foster innovation and share ideas.  And because businesses experience more collaboration today, Open Innovation is much more relevant in the current business climate.

It is no secret that business environments have become increasingly complex.  You do not only have to work with scarce resources and tight budgets, but you also need to keep up with changes in technology – with new ones emerging every day.  You also have to foster sharing of knowledge and intelligence while also facilitating collaboration when you are co-innovating or co-creating.  And collaboration and co-creation are no longer limited to employees, but now includes other parties such as customers, SMEs, suppliers, associations, startups and other entities in the business ecosystem.

 

How do you promote Open Innovation in your organization?

 

  1. Bring together your internal and external projects. You can use just one platform that will enable you to get ideas from outside your organization while also letting outsiders test out the ideas of your employees.  Not only will you be able to share ideas and intelligence easily, but you also get to test ideas more quickly, as well as get new ideas from everyone.

 

  1. Use both offline and online methods when you are co-creating. Efficiently getting new concepts for your products will need the use of both offline and online methods.  For example, you can get employees, experts, customers, developers and/or designers to help you design your product. As such, you would need to ensure that your offline and online campaigns complement one another.

 

  1. Run better and less risky contests. Run contests to help you generate ideas as well as getting around challenges.  Moreover, contests are also a good opportunity to develop Open Innovation for your company.  To lessen the amount of work, the risks as well as to make it more successful, it is best to work with a non-competing company or a group of companies.  You would be able to spread the work while also establishing a collaborative mindset, while also learning to protect your intellectual property and remaining agile.

 

  1. Manage your ideas effectively. It is very important to manage your ideas every step of the way.  When you allow everyone to contribute ideas, it will be very easy for some people to monopolize the entire process.  Early on, you should be able to pinpoint the key people who are qualified to contribute ideas at different stages of the project.

 

  1. Collaborate with others from different industries with different specializations. The thing with Open Innovation is that it naturally lends itself to disruptive innovations.  To be more competitive in today’s business environments, your innovations should not only come from or pertain to your core business.  You should be able to manage complex collaborations with people and companies from different industries.  For example, Smart City needs to bring together different players that belong to different industries, such as architecture, transportation, telecommunications and other urban infrastructure companies.

These are the 5 most important ways to foster Open Innovation in your organization. Follow these key tasks and your enterprise will be on its way to simpler business processes.

 

Visit  Ideation & Concept Design for High Tech Web Page   or download the article about Open Innovation in the new edition of Compass Mag.



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