hacking innovation - foley & lardner...hacking innovation 10/01/15 - boston 1 iot impact lab s...

HACKING

INNOVATION

10/01/15 - Boston

1

IoT

IMPACT

LABS

IoT CAPITAL PARTNERS

Progress? Dystopia? Goal? Unintended consequence?

2 Credit/ Source: World Technology Network

3

Have we mis read Darwin? Rand? Friedman?

Credit/ Source: CCL

4

Have we not read Hegel? Senge? Schwartz?

Credit/ Source: Ajit Vadakayil Credit/ Source: Dr. Richard Kaipo Lum, PhD

5

Can you re-set? Start with what would be true …

TRUTH is the proxy for TRUST;

TRUST the down payment

for progress. - Rezendes

6

99% of the physical world is not connected -- Cisco

7

Groundwater crisis? Groundwater ground truth crisis

8

Ground TRUTH about groundwater BEFORE pumping

IoT socket growth: 35%/ year. Security: 55%/ year

9

10

IoT, need for ground truth is broad, acute, persistent

11

IoT is multi-stakeholder. Complex, yes. But powerful.

12

Another ‘revenge’ – this time, SMBS?

F500

Small/ Mid-Sized

Businesses

People

F500

SMBs

People

F500

Small/ Mid-Sized

Businesses

People

1990-2005 2006-2015 2016-????

• Direct to lock up F500 • Channels to SMB • Control via IP

• Freemium to people • Consumerization of IT • Control via platforms

• Partners to SMBs • Multi-stakeholder • Control via shared value

Despite the fragmentation, turmoil: 6 constants

Fundamental Commercial Requirements

ROI. Performance, productivity, profitability – proven.

Impact. Economic stability, resource sustainability becoming more important ROI metrics

Privacy. Data governance rules. Access, exploitation rights, monetization opportunities and models.

Fundamental Technical Requirements

Contextual. Event based, not only time series. Context frames event definitions and priorities.

Distributed. Self-defining, describing, authenticating devices. Initiate, execute, close transactions.

Secure. Resilient, multi-level, bi-directional in software AND hardware, at the edge and in the cloud.

Source: INEX, Cisco, 65 Fortune 500 C-level executives. 02/12 13

14

First? What is your why?

Where to begin with IoT?

Start with the part of the

physical world that you are in

love with. - Rezendes

15

How? SME partners/ leaders come from anywhere

Emerging Leaders

Winners, Local Motors Rally

Fighter Design Competition

Sangho Kim, Vietnam

Mihai Panaitesen, Romania

16

What next? Consider …these 6 maxims

Productivity focused

Innovation

Disruption

Profitability

Results

EPS/ BITDA

Human-centered

Redevelopment

Stability

Sustainability

Intention

IMPACT

&

17

Thank you. Good luck. Stay in touch.

IoT

IMPACT

LABS

IoT CAPITAL PARTNERS

Chris Rezendes | 508-415-5022

@chris_rezendes | cjr@inexadvisors.com