Successful Uptake of Industrial Internet of Things in 2017

For those of us who are visually inclined, I wanted to share an interesting chart that I dub “The Technology Adoption Drag”. It is illustrating scientific and technological progress over time and humanity — individuals and society-adapts to changes in the environment. It illustrates over the past we have adapted, in most cases, drove the changes and accepted them. Thomas Friedman in his new book, Thank you for Being Late, illustrates this graph and the changes in the curve based on a conversation with Astro Teller of Google.

This graph above illustrates how exponential technologies and our rate to absorb and diffuse them is dragging. We simply cannot keep up with the rate of change and incorporate all these new things and information. One must change in this new “dynamic stability” model of organizational and personal lifelong learning. Teller goes onto say that the only thing can be stable in this environment is like a bicycle, whereas motion brings stability in area of constant change.

The graph below illustrates the market upside, and I shaded it green to illustrate the opportunity. IIoT must make and help humans and industries adapt by making it very relevant. That is possible by combining technological innovation (product) with domain expertise (differentiation) and strong network partners (sales). It is by going the extra mile organizations can focus on vibration signature analysis on specific pumps that realize significant cost savings in a plant operating sphere and integrate in the customer’s workflow to push innovation at the edge. It is those organizations that can execute on that promise will be big winners in the future.

Originally published at https://www.linkedin.com on December 16, 2016.