Showing articles in Internet of Things, click to show all.
A Lesson Worth $11 Millionpublished Aug 30, 2020
Transformation Leadership Disruption Artificial Intelligence Internet of Things
In early 2018, an Australian telecommunications company bit the bullet and rolled out an AI program for its incident management process. The telco expected to save more than 25% of the operational costs from this implementation. Unfortunately, the plan backfired. Eventually, the endowment effect kicked in, and the company had no plans to go back and fix the problem from its roots. Instead, it kept pushing through and wasting an enormous amount of money, allegedly circa $11 million in operational costs. The crucial question remains — who eventually paid for this?
Reading time: 4 min, read now...
When Working With Emerging Technologies...published May 24, 2020
Transformation Innovation Disruption Artificial Intelligence Internet of Things The Future of
Machines make mistakes, just like humans do, and they will keep making them in the future too. Businesses must accept this fact and know that machines, much like humans, also need attention, retraining, and a performance improvement plan before they go live again. Do not get carried away and assume that just because we have cool technology, we can use it to solve every problem around us. Emerging technologies are new hammers, let us avoid treating all of the issues as nails and avoid rushing into the emerging future. It is challenging to undo strategic and technological mistakes these days. Sometimes, it is better to deal with humans than machines, sanity is the key!
Reading time: 5 min, read now...
Before Your Emerging Technology Journey Beginspublished Feb 09, 2020
Transformation Artificial Intelligence Internet of Things
Emerging technology projects can come in different sizes and flavors. Some are only IoT deployments, some are only AI implementations, and some could be a combination of both. When you want to do any of this, you must take control of planning and architecture early on. If you shy away from asking the right questions at the outset, you may end up with subpar solutions that have poor yield, or you may waste your investment all together by doing something that doesn’t affect your key metrics.
Reading time: 8 min, read now...