By Martin Bakal
I attended the Connected Cloud Summit in Boston last week. It was a full day of discussions about how Cloud helps fulfill the promise of the Internet of Things (#IoT). One of the most controversial comments was made during a panel discussion from Joseph Salvo of GE. He said we are now leaving the information age and headed into the systems age. What he meant by this is we still need information and data but the goal is to build complete interoperating systems from the data and physical devices.
A general theme of the conference was the fact that data is only really useful if you do some analysis and leverage it quickly. This is a similar to what Joseph Salvo meant in the sense that you read data from sensors and use it in a complete system of some sort. It takes a complete system of running software to analyze and act on data in real time. The key long term to building complete integrated systems is to make sure the development of the software gets monetized.
In the keynote address, Vikram Koka from Flexera Software did a great job explaining various ways to monetize through an example of a police car taking pictures of a license plate. That picture is then fed to a 3rd party company that does the analysis. The challenge is how does that company get paid? One way to monetize and make money is through the amount of processing they have to do for each police station. For details about usage based monetization models please take a look at our blog called “Usage-Based Software Licensing Examples and Patterns”.
The Summit closed out with a presentation from Benjamin Pring co-author of a book called “Code Halos”. He said as people building the IoT we need to “keep calm and boil the ocean”. This seems perfect to explain the amount of expectation and potential development that could come from this as whole.