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Home Industry Banking and Financial Services

Deloitte: IoT and the new economics of creating and capturing value

Deloitte's Michael Raynor explains how innovation and strategy can help organizations transform themselves using IoT

Allan Tan by Allan Tan
September 26, 2018

Michael Raynor, author and partner at Deloitte, spoke at the IOT Solutions World Congress, noted that people at most organizations spend their time in the dark, unawares of the details of how things are happening in various parts of the organization. He ascribes this to the complexity and bureaucracy of most organizations.

“We spend most of our work life essentially guessing at what’s going on. How much better will it be if instead of periodically shedding a light into one dark corner of the operation, we could turn all the lights on all at once and see what’s actually happening,” he mused.

Watch this video as Raynor probes into the capabilities of the Internet of Things, presenting concepts like strategy and innovation can help organizations reinvent businesses of almost any type.

Related:  FedEx and Wing Aviation made first drone delivery in the US
Tags: customer experienceDeloitteinformation value loopsupply chain
Allan Tan

Allan Tan

Passionate about IoT!

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The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

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Creating better customer experience with Enterprise IoT

APACIoT vSummit 2020: Creating better customer experience with Enterprise IoT

January 22, 2021
Image by ADMC from Pixabay

5G and satellites will cater to more IoT services

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