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Trust is the backbone of IoT, and there is no shortcut to success

The #IoT is a business of trust 🤝 #AI #CIoT

  • The IoT unveils the potential of data, but regulatory bounderies cannot be ignored.
  • This is because they see a potentially massive source of income in IoT and the data generated through it, and they prefer to opt for the shortest route to the goal.
  • On the contrary, if a business is able to convey to its customers the value that their data has for it and the service which it is providing in exchange of such data, a much stronger link of trust will pay off in long term.
  • The above is my contribuition to SAP’s Insights on the Future of the Internet of Things which is an ebook containing intuitions about the IoT and its impact on the future of busines from 21 experts including, in addition too myself, Christina CK Kerley, Ian Gertler, Ronald van Loon, Yves Mulkers, Dion Hinchcliffe, Evan Kirstel, Christian McMahon, Maribel Lopez, Bob Egan, Bob McCabe, Ahmed Banafa, Eric Kavanagh, Ken…
  • Finally, once you get the IoT data, you need to be able to exploit it.

The IoT unveils the potential of data, but regulatory bounderies cannot be ignored. This is my message as part of SAP’s Insights on the Future of the Internet of Things. 

The IoT unveils the potential of data, but regulatory bounderies cannot be ignored. This is my message as part of SAP’s Insights on the Future of the Internet of Things. 

Businesses are not investing yet in creating a “culture of data’s value” among their customers.

Many businesses are just trying to find ways to collect as much data as possible, in the most hidden and business-oriented manner, to avoid the risk that customers might object to that.

This is because they see a potentially massive source of income in IoT and the data generated through it, and they prefer to opt for the shortest route to the goal. However, this is, a self-destroying strategy. Sooner rather than later, customers will lose trust in their providers that are stealing their data in a surreptitious manner. At the same time, such a strategy might lead to reactions from regulators that increase applicable sanctions.

On the contrary, if a business is able to convey to its customers the value that their data has for it and the service which it is providing in exchange of such data, a much stronger link of trust will pay off in long term.

SAP’s Insights on the Future of the Internet of Things

The above is my contribuition to SAP’s Insights on the Future of the Internet of Things which is an ebook containing intuitions about the IoT and its impact on the future of busines from 21 experts including, in addition…

Trust is the backbone of IoT, and there is no shortcut to success