Why IoT initiatives fail with Charles Anderson
Charles Anderson from Charles Reed Anderson and Associates, joined us in a two part conversation discussing the global state of IoT and the evolution of low power wide area networks (LPWANs) in Asia. In the first part, we discussed why most IoT initiatives fail and how many companies can avert the points of failure in their digital transformation programs. Last but not least, Charles discussed the interesting case of Taipei’s smart city initiative and what they have gotten right in their implementation with a private-public partnership.
Here are the interesting show notes and links to the discussion (with time-stamps included):
- Charles Anderson (@CRASingapore, LinkedIn), founder of Charles Reed Anderson and Associates. [0:38]
- Since our last conversation, what have you been up to? [1:03]
- Why IoT initiatives Fail
- To start with, can you give an introduction to how companies usually frame IoT initiatives and who are the stakeholders involved?
- What benefits will IoT deliver for companies, given that most IoT initiatives are driven by infrastructure that enable traditional industries such as construction and oil & gas mining? [3:05]
- Are most IoT initiatives focused more on cost savings and less on revenue generation? [4:38]
- Which stakeholders must be involved in the process? [5:42]
- Do we need a special team to coordinate these teams in deployment of IoT initiatives given that it seems to need every function in the company from strategy to finance to be involved? [6:56]
- What are the common points of failure for IoT initiatives? [7:40]
- How does companies avert these common points of failures in IoT initiatives? [9:05]
- How does cyber-security on IoT devices factor into these initiatives? [11:00]
- You have a recent example of how Taipei create a citizen centric smart city, can you share the backstory to how they manage to do it and what they got right in the process? [12:44]
- Does that mean if the IoT initiatives in the Taipei model work out, the tech vendors can scale it across the rest of Taiwan? [17:06]
- So, who winning in the IoT race? [18:54]
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The show is hosted by Bernard Leong (@bernardleong & weibo) and are sponsored by Ideal Workspace (Twitter, Facebook and LinkedIn) with their new Altizen Desk (Twitter, Facebook, Medium). Sound credits for the intro music: Taro Iwashiro, “The Beginning” from Red Cliff Soundtrack.
