How do the best companies create business success with their Internet of Things & Data Analytics initiatives?

IoT veteran and industry luminary, Jennifer Nowlin, will share her deep insights and experience at the IoT Fuse 2018 conference in Minneapolis at the beginning of May. A Principal at Accredent - one of the longest serving IoT and Analytics business specialists in the Industry. Ms Nowlin served as an executive in Verizon where she was  a key contributor to the  formation of their IoT services business. A sought after speaker at IoT and Analytics events, Jennifer has for several years been a featured speaker on "Connected Data-driven Business" at the Society of Concurrent Product Development's National Conference. Over the past 20 years, Ms Nowlin has worked across the complete IoT value chain over a wide range of use cases with hundreds of companies, she has successfully brought new to world IoT solutions to market, led business transformations, and engaged markets effectively leveraging integrated partnerships with large corporations and emerging companies. Jennifer has a BS in Electrical Engineering from University of Wisconsin Madison and an MBA from the Carlson School of Management at the University of Minnesota.

Contact Accredent to learn more:

Accredent LLC
3800 American Blvd West, Suite 1500
Minneapolis, MN 55431 USA

+1 (612) 460-0102

info@accredent.com

accredent.com 

((c) 2018 - Copyright Accredent, LLC - All rights reserved

______________________________________________________________________ 

Accredent specializes in the Business of The Internet of Things and data analytics. At nine years old, Accredent is one of most established IoT specialists in the industry. Formed in 2009 out four years of engagements with companies that pioneered many of today's Internet-of-Things connected and Analytics data-driven technologies, business cases and use cases. Contact Us 

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things and data analytics. accredent.com

The Challenge of Making Artificial Intelligence and IoT Real for the Business

67% of organizations plan Internet of Things (IoT) and Artificial Intelligence (machine and deep learning) driven business strategy and initiatives. Just 1.5% of executives have a clear vision of what IoT and AI will do for them.

Accredent provides a proven process for successfully engaging executives to develop and execute powerful business initiatives around Internet of Things (IoT) and Artificial Intelligence technologies.

Contact Accredent to learn more:

Accredent LLC
3800 American Blvd West, Suite 1500
Minneapolis, MN 55431 USA

+1 (612) 460-0102

info@accredent.com

accredent.com 

((c) 2018 - Copyright Accredent, LLC - All rights reserved

______________________________________________________________________ 

Accredent specializes in the Business of The Internet of Things and data analytics. At nine years old, Accredent is one of most established IoT specialists in the industry. Formed in 2009 out four years of engagements with companies that pioneered many of today's Internet-of-Things connected and Analytics data-driven technologies, business cases and use cases. Contact Us 

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things and data analytics. accredent.com

What do the best companies do to create successful Internet of Things and Data-driven products and services - innovation, monetization, transformation, data lakes, prototypes?

Industry luminaries Kent Strand of Accredent, Ashis Bhattacharya of Winnebago and John Hogue of General Mills discuss the critical need for Internet of Things strategies and initiatives to focus more on customer and business value and less on technology at last year's IoTFuse Conference's keynote: IoT Strategy Roundtable.

Connecting Business Success to IoT and Data Initiatives

Research by Sweden's Tele2 (Nasdaq: TLTO) concluded that lack of a clear connection to the business and the customers is a far greater barrier to IoT success than any technology concerns.  Failure to successfully connect IoT and data analytics initiatives with the business can be devastatingly expensive in terms of lost opportunity, failed investment, and stalled momentum. 

In 2018, 67% of organizations plan Internet of Things (IoT) and Data initiatives. Just 1.5% of executives have a clear vision of what IoT and Data will do for them.

The telco, which serves about 15 million customers, found that 60% of respondents picked "lack of strategy" over considerations including finance, technology and "lack of competence" when asked what they believed was the chief barrier to IoT and data analytics success.

The feedback suggests many organizations do not have a clear understanding about what they are trying to achieve and is a source of the unusually lack of success in many IoT and their related data projects.

60% of IoT and data initiatives stall at the Proof of Concept (PoC) stage and only 26% of companies have had an IoT initiative that they considered a complete success.

Customer and business value are underdeveloped in many of IoT and Data offerings. A 2017 study conducted by Cisco shows that 60 percent of IoT initiatives stall at the Proof of Concept (PoC) stage and only 26 percent of companies have had an IoT initiative that they considered a complete success. Even worse: a third of all completed projects were not considered a success.

In the meantime, the best companies are successfully bringing to market smart connected data-driven offerings and operations are changing business models, the nature of customer value, and even the basis for competition. Businesses and industries are being disrupted and transformed at an accelerating pace.

What do the best companies do to create successful Internet of Things and Data-driven products and services?

Innovation?

Monetization?

Transformation? 

Prototypes? 

Cloud Platforms?

Data Lakes?

Connecting your IoT and Data initiatives to the business and the customers has proven a very good place to start.

Internet of Things and data analytics driven digital experiences are fundamentally transforming customer intimacy and brand affinity, changing how we compete for customer attention, and digital operations are changing how we operate our businesses.

At Accredent's session at Product Camp 2017, Accredent shared its best practices-based based framework for connecting IoT and Data Analytics initiatives to the Business and Customers. This was based upon the same acclaimed material delivered at the 2017 Society of Concurrent Product Development (SCPD) national conference.

Accredent's frameworks and approaches for connecting IoT and Data Analytics initiatives to the Business and Customers is a proven approach for developing, implementing and executing powerful connected data-driven initiatives through Internet of Things and Data Analytics to increase market share, customer satisfaction and profitability.

Learn how IoT and analytics, products, physical spaces, mobile, social, commerce, and operational interactions are converging to deliver compelling new customer experiences and laying the groundwork for a whole new more agile operational business reality.

See the technologies and platforms that make this happen and understand how businesses are utilizing connected customer journeys for their own offering and operational success, and company digital transformation.

Contact Accredent to learn more:

Accredent LLC
3800 American Blvd West, Suite 1500
Minneapolis, MN 55431 USA

+1 (612) 460-0102

info@accredent.com

accredent.com

((c) 2018 - Copyright Accredent, LLC - All rights reserved

______________________________________________________________________ 

Accredent specializes in the Business of The Internet of Things and data analytics. At nine years old, Accredent is one of most established IoT specialists in the industry. Formed in 2009 out four years of engagements with companies that pioneered many of today's Internet-of-Things connected and Analytics data-driven technologies, business cases and use cases. Contact Us 

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things and data analytics. accredent.com

Midwest University Data Analytics Competition

 
Winona State University and MinneAnalytics hosted another successful Midwest University Data Analytics Competition on April 1-2 in the beautiful river bluff city of Winona, Minnesota.

Accredent's Managing Partner, Kent Strand, had the opportunity to serve as a judge along with other industry veterans to evaluate 42 very talented undergrad teams from across the Midwest as they competed to determine how to create better outcomes for needy citizens using a full range of statistical and advanced data analytics techniques.

______________________________________________________________________

Accredent specializes in the Business of The Internet of Things and data analytics. At nine years old, Accredent is one of most established IoT specialists in the industry. Formed in 2009 out four years of engagements with companies that pioneered many of today's Internet-of-Things connected and Analytics data-driven technologies, business cases and use cases. Contact Us 

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things and data analytics. accredent.com

Creating Business Value with Internet of Things and Data Analytics (Part I)

Creating business value through end-to-end Smart Connected Data-driven Strategies, activation of new product/service solution road maps, design of new customer experiences and business models, and change leadership around digital business transformation inside companies and within customer organizations is NOW a primary strategic and tactical challenge.

 

Rethink Your Enterprise's Relationship with Technology

Professor Michael Porter's Harvard Business Review articles about Smart Connected Data-driven Business strategy and business transformation make clear why the Internet of Things (IoT), Advanced Data Analytics combined with social, mobile, cloud technologies are causing enterprises to rethink their relationship with technology. And, in some cases, even to the point of asking themselves, "What business am I in?"

 
Smart Connected Data-driven Business approaches are changing intermittent customer journeys into ongoing 24x7 relationships. Turning many products into services. Delivering new understanding of customer experiences and prediction of performance from both old and new product/services. At the same time driving productivity, efficiency and quality to core business processes. Ultimately, changing the ways enterprises create growth, enterprise value and competitive advantage - while creating new possibility to lose to competitors and new entrants through digital disruption. And, in the process changing organizational structure, value chains, and even the fundamental way that enterprises conduct business.

Michael Porter's HBR Articles

 

How Smart, Connected Products Are Transforming Competition To understand the effects of smart, connected products on industry competition and profitability, we must examine their impact on industry structure. In any industry, competition is driven by five competitive forces...

How Smart, Connected Products Are Transforming Companies These are creating the first true discontinuity in the organization of manufacturing firms in modern business history. Many of the same organizational changes and challenges will spread to other fields as well...

 

Align Your Business With Emerging Hyper-Connected Customer Journeys(tm)

Mobile, Social, Commerce, Internet of Things (IoT) and Advanced Analytics are radically changing the nature of consumer experiences and even what a "brand" means. Turning physical spaces (retail, offices, stadiums, malls, casinos, concerts, events, outdoor spaces, hospitality) into real-time engaging customer experiences in a similar way to what Internet 2.0 did to virtual spaces. Turning products from simply physical "things" into platforms for delivering expanded customer experiences through services and more customer-focused business processes. Turning customer journeys into connected data-driven ones that are always collecting actionable insight, and creating contextual customer experience.

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Accredent's Connected Customer Journey(tm) approach is a proven framework for strategy, monetization, innovation and transformation of powerful connected data-driven offerings that can increase market share, customer satisfaction and profitability.

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Focus Your Value Creation Around Data-driven Interaction, Not Just Insight

1 billion digital natives expected to join the workforce over the next 7 years. 100 billion connected devices expected by 2025, leading to a trillion sensor ecosystem. In this hyper-connected era, future business models will depend on the availability of more data flowing through more systems, being accessed and used by more people as their lives become more and more centered on the modern customer journeys delivered by mobile, Social, Cloud, eCommerce and IoT. Data, and the analytical insights and interaction it provides, will be a key source (in some cases only source) of value creation and sustainable competitive advantage.

Learn more about connected customer journeys

Make IoT and Data Analytics A Primary Strategic and Tactical Business Focus

Creating business value through end-to-end Smart Connected Data-driven Strategies, activation of new product/service solution road maps, design of new customer experiences and business models, and change leadership around digital business transformation inside companies and within customer organizations is NOW a primary strategic and tactical challenge. Thoughtful organic and inorganic strategy, and well-led product innovation, user experience, and evolution of existing assets and intellectual property will be key to a positive goal-directed digital transformation capable of contributing to significant growth and value creation.

Don't Approach It As Just Another Business Value Creation Initiative

The journey to Smart Connected Data-driven Business Value Creation is a complex one. Difficult to get right, but important to do. Done right, connected data-driven business and product transformation offers significant opportunities for renewal, growth, and enterprise value creation. Done wrong, the process of creating value around the Internet of Things can place an organization into a painful Sisyphus-like proof-of-concept (PoC) design and revision cycle - a 2017 Cisco study shows about 60-70% of projects end their lives in this kind of "PoC Hell" - where the value creation initiative ends up in the same junk pile of history that one finds Google Glass. Get it right, your company and your future depends on it.

Accredent IoT Connected Data-driven Business Strategy and Transformation

For over eight years Accredent has been distilling ”What the Best Companies Do To Create Successful Internet of Things Data-driven Products and Services?" into strategic innovation processes and transformational frameworks.

Utilizing its strategy and transformational frameworks and in-depth use cases Accredent helps companies develop, implement and execute powerful IoT Connected Data-driven strategy, monetization, innovation and business transformation that can increase market share, customer satisfaction and profitability.

Contact Accredent to learn more:

Accredent LLC
3800 American Blvd West, Suite 1500
Minneapolis, MN 55431 USA

+1 (612) 460-0102

info@accredent.com

accredent.com 

((c) 2018 - Copyright Accredent, LLC - All rights reserved

______________________________________________________________________ 

Accredent specializes in the Business of The Internet of Things and data analytics. At nine years old, Accredent is one of most established IoT specialists in the industry. Formed in 2009 out four years of engagements with companies that pioneered many of today's Internet-of-Things connected and Analytics data-driven technologies, business cases and use cases. Contact Us 

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things and data analytics. accredent.com

What Business Am I In?

Connected Data-driven Business

Changing Traditional Functions.

Reshaping Industries.  

 

 Contact Accredent to learn more:

Accredent LLC
3800 American Blvd West, Suite 1500
Minneapolis, MN 55431 USA

+1 (612) 460-0102

info@accredent.com

accredent.com 

((c) 2018 - Copyright Accredent, LLC - All rights reserved

______________________________________________________________________ 

Accredent specializes in the Business of The Internet of Things and data analytics. At nine years old, Accredent is one of most established IoT specialists in the industry. Formed in 2009 out four years of engagements with companies that pioneered many of today's Internet-of-Things connected and Analytics data-driven technologies, business cases and use cases. Contact Us 

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things and data analytics. accredent.com

Business Value with Internet of Things

 _____________________________________________________

Accredent specializes in the Business of The Internet of Things(tm). Formed in 2009 out a four year strategy, M&A, and business development engagement with companies that pioneered many of today's Internet-of-Things connected technologies, business models and use cases. Contact Us

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things. accredent.com

Internet of Things - 2016 Year In Review

 _____________________________________________________

Accredent specializes in the Business of The Internet of Things(tm). Formed in 2009 out a four year strategy, M&A, and business development engagement with companies that pioneered many of today's Internet-of-Things connected technologies, business models and use cases. Contact Us

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things. accredent.com

Best Wishes For Happy Holidays From Our Team!

Our Team would like to share best wishes for a wonderful holiday season and a successful New Year. Thank you to Accredent's customers, partners, friends and followers who supported us this past year. We appreciate all that you do with us.

______________________________________________________________________

Accredent specializes in the Business of The Internet of Things(tm). Formed in 2009 out a four year strategy, M&A, and business development engagement with companies that pioneered many of today's Internet-of-Things connected technologies, business models and use cases. Contact Us

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things. accredent.com

Connected Data-driven Business Strategy - A Primary Barrier to Internet of Things Success

(c) 2018 Copyright Accredent, LLC

Research by Sweden's Tele2 (Nasdaq: TLTO) concluded that lack of a clear business strategy is a far greater barrier to IoT success than any technology concerns.

In 2018, 67% of organizations plan Internet of Things (IoT) initiatives. Just 1.5% of executives have a clear vision of what IoT will do for them.

The telco, which serves about 15 million customers, found that 60% of respondents picked "lack of strategy" over considerations including finance, technology and "lack of competence" when asked what they believed was the chief barrier to IoT success.

The feedback suggests many organizations do not have a clear understanding about what they are trying to achieve and is a source of the unusually lack of success in many IoT and their related data projects.

60% of IoT initiatives stall at the Proof of Concept (PoC) stage and only 26% of companies have had an IoT initiative that they considered a complete success.

Customer and business value are underdeveloped in many of IoT offerings. A 2017 study conducted by Cisco shows that 60 percent of IoT initiatives stall at the Proof of Concept (PoC) stage and only 26 percent of companies have had an IoT initiative that they considered a complete success. Even worse: a third of all completed projects were not considered a success.

Industry luminaries Kent Strand of Accredent, Ashis Bhattacharya of Winnebago and John Hogue of General Mills discuss the critical need for Internet of Things strategies and initiatives to focus more on customer and business value and less on technology at IoT Fuse 2017 Conference's keynote: IoT Strategy Roundtable.




In the meantime, the best companies are successfully bringing to market smart connected data-driven offerings and operations are changing business models, the nature of customer value, and even the basis for competition. Businesses and industries are being disrupted and transformed at an accelerating pace.

(c) 2018 Copyright Accredent, LLC

What do the best companies do to create successful Internet of Things products and services?

Strategy?

Innovation?

Monetization?

Transformation?

What do the best companies do to create successful Internet of Things products and services? A customer-focused connected data-driven business strategy has proven a very good place to start.

Internet of Things and data analytics driven digital experiences are fundamentally transforming customer intimacy and brand affinity, changing how we compete for customer attention, and digital operations are changing how we operate our businesses.

At Accredent's session at Product Camp 2017, Accredent shared its IoT Strategy and Connected Customer Journeys(tm) best practices-based frameworks. The same acclaimed material delivered at the 2017 Society of Concurrent Product Development (SCPD) national conference.

Accredent's IoT Strategy framework with Connected Customer Journeys are a proven approach for developing, implementing and executing powerful connected data-driven strategy that can increase market share, customer satisfaction and profitability.

Learn how IoT and analytics, products, physical spaces, mobile, social, commerce, and operational interactions are converging to deliver compelling new customer experiences and laying the groundwork for a whole new more agile operational business reality.

See the technologies and platforms that make this happen and understand how businesses are utilizing connected customer journeys for their own offering and operational success, and company digital transformation.

Contact Accredent to learn more:

Accredent LLC
3800 American Blvd West, Suite 1500
Minneapolis, MN 55431 USA

+1 (612) 460-0102

info@accredent.com

accredent.com 

((c) 2018 - Copyright Accredent, LLC - All rights reserved

______________________________________________________________________ 

Accredent specializes in the Business of The Internet of Things and data analytics. At nine years old, Accredent is one of most established IoT Strategy and Business Development specialists in the industry. Formed in 2009 out a four year strategy, M&A, and offering development engagement with companies that pioneered many of today's Internet-of-Things connected technologies, business cases and use cases. Contact Us 

Accredent has been successful partnering with business leaders of corporations, operations and product teams, and emerging ventures to develop and transform their businesses, accelerate revenue, growth and enterprise value through the Internet of Things and data analytics. accredent.com