Oct 17, 2018
Peggy and Christian Crews, foresight and transformative growth lead, Kalypso, talk about what happens when IoT devices get abandoned by technology developers. He says there are two levels: if you are a company buyer versus if you are an end consumer. He asks: Is it core to the value you are delivering or is it context—something that is allowing you to deliver value separately. If it is core, you need to invest directly into some of these. If it is context, you can outsource it, and if it fails, you learned a lot, but it is not completely damaging your core value that you are delivering. He says, we have been saying that AI (artificial intelligence) is 10 years away for the last 50 years, and then all of a sudden it was here. In the contracting space, we are seeing much stronger emphasis on putting language in the contract to protect companies, but the best thing that IoT does is to move away from some cost in hardware. He suggests considering hardware-as-a-service. There has been a lot of bandwagon with blockchain, but the reality is blockchain works for some things, but not all things, he adds.