The Private Equity Digital Transformation Show

Bruce Sinclair narrates the introduction chapter of his book, IoT Inc: How Your Company Can Use the Internet of Things to Win in the Outcome Economy. The book has 16 chapters plus a preface, the introduction chapter I read here and a conclusion chapter. If you want an overview of the 16 chapters, listen to the bonus episode two podcast episodes back.

Read the rest of the show analysis notes including the transcripts at: http://bit.ly/IoTPodcast83notes

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Category:general -- posted at: 12:00am PDT

In broad strokes, the software required for an IoT deployment can be grouped into four classes: embedded software for sensors and gateways, networking or the IoT platform (communication, rules and sometimes interpretation) data management & analytics and of course the IoT application. In this episode of the IoT Inc Business Show, I discuss the first class, embedded software for sensors, or more specifically, sensor operating systems, with Zach Shelby and the inevitable evolution of these disparate classes into an IoT software ecosystem.

Read the rest of the show analysis notes including the transcripts at: https://www.iot-inc.com/iot-embedded-systems-to-software-ecosystems-podcast/

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Category:general -- posted at: 12:00am PDT

In part 1 we discussed the sensor selection process and the costs involved. If you haven’t listened to the last episode, you should but it’s not a prerequisite. In part 2 of my interview with Scott Nelson, we finish talking sensor costs and move into sensor security, the untold risks when incorporating sensors and the expected evolutionary path sensor tech will take.

Read the rest of the show analysis notes including the transcripts at: https://www.iot-inc.com/internet-of-things-sensors-inside-out-part-2-podcast/

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Category:general -- posted at: 12:00am PDT

No matter how we define sensor, we are a long way from a plug and play world. Except for the most rudimentary forms of sensing, you must be prepared to go custom-built. And if that’s the case you must have an understanding of the connected sensor and the build-buy decision. These two paths are different business journeys with different costs to consider. In this episode of the IoT Inc Business Show, I discuss this with Scott Nelson who takes us on a deep dive into the connected sensor to understand the economics involved and the questions to ask during the sensor definition stage.

Read the rest of the show analysis notes including the transcripts at: https://www.iot-inc.com/internet-of-things-sensors-inside-out-part-1-podcast/

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Category:Business -- posted at: 12:00pm PDT

Sensors from the M2M world are evolving into connected sensors for IoT. Same sensor tech but now the sensor needs to communicate outside of a local and often proprietary network. Goodbye, 35-year-old Modbus, used in SCADA of yesteryear and hello layered communication, needed in the Internet of Things to onboard billions of sensors. In this episode of the IoT Inc Business Show, Mike Fahrion explains not only the anatomy of today’s connected sensor but also why we’re moving to a layered communication stack.

Read the rest of the show analysis notes including the transcripts at: https://www.iot-inc.com/scaling-connected-sensor-solutions-iot-podcast/

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Category:Business -- posted at: 12:00am PDT

Unravelling the Complexity of Connecting Embedded Sensors in IoT

It takes a lot of work, behind the scenes work, to establish a successful connection between sensor and IoT Platform. While it’s possible to find off-the-shelf sensor subsystems for common use-cases, often, custom hardware and software design is needed to make the system/connected product/asset operate as desired. In this episode of the IoT Inc Business Show, I get into it with Mark Wright about the who and the what behind the scenes that need to be involved to make it happen.

Read the rest of the show analysis notes including the transcripts at: https://www.iot-inc.com/unraveling-iot-sensors-actuators-podcast/

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Category:Business -- posted at: 12:00pm PDT

Adding Sensors and Connectivity to your Product for IoT

Want to connect your product to the Internet of Things? The first step is giving it senses and then connectivity to the Internet of Things. In this episode of the IoT Inc Business Show, I speak with Adam Justice, a second generation sensors guy who takes us through the two main approaches to get your products, assets or environment on to the next generation Interweb, known as the Internet of Things.

Read the rest of the show analysis notes including the transcripts at: https://www.iot-inc.com/retrofitting-connected-sensors-iot-products-podcast/

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Category:Business -- posted at: 12:00am PDT

have to admit, when the first real deployments of LPWA or Low Power Wide Area Networks were being lit up, I wasn’t all that bullish on the competition: Mobile Operators in IoT. Wrong tech with the wrong business model… Or so I thought. Fast forward a couple of years to today and those behemoths are getting their acts together. In this episode of the IoT Inc Business Show, I speak with Patrice Slupowski about the Mobile Operator approach to IoT and I have to admit… I’m impressed.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast119notes

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Category:general -- posted at: 12:00am PDT

There are five main IoT alliances/consortiums/groups focused on the Internet of Things and I interview them all. The Internet Protocol for Smart Object (IPSO) Alliance – episode E3 has been around for a while but the Open Interconnect Consortium (OIC) – episode 9, the Thread group, the Industrial Internet Consortium (IIC) and the Allseen Alliance have sprung up recently. Depending on your focus, one or more of these organizations and are worth looking into when starting your IoT journey. In this episode of the IoT Inc Business Show, I discuss the third organization, the Thread Group, with Skip Ashton.

Read the rest of the show analysis notes at: https://www.iot-inc.com/introducing-thread-group-iot-protocol-podcast/

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Category:general -- posted at: 12:00am PDT

It’s a symbiotic relationship – the big corporation, in search for that innovative edge, and the small startup, in search for supportto get their ideas off the ground. Both have what the other needs –desperately. Coming together they form one type of ecosystem. To be players, all IoT companies – big and small – must be part of one ormore ecosystem. In this episode of the IoT Business Show, I speak with the folks at TechrIot about their approach of bringing IoT companies together.

Read the rest of the show analysis notes at: http://www.iot-inc.com/accelerator-as-first-internet-of-things-ecosystem-podcast/

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Category:general -- posted at: 12:00am PDT

As the technology of IoT evolves the concept of a distributed computing environment is becoming increasingly relevant. A key component of this architecture is fog computing, blending the cloud to the edge. Being able to access computing, networking and storage resources locally makes sense for many classes of IoT deployments. In this episode of the IoT Business Show, I speak with the bigwigs of the newly formed, OpenFog Consortium.

Read the rest of the show analysis notes including the transcript: http://www.iot-inc.com/iot-fog-along-the-horizon-podcast/

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Category:general -- posted at: 12:00am PDT

By definition, an ecosystem brings together multiple products in order to deliver an outcome. However, today’s IoT standards don’t go far enough enable different products to work together. Another layer is needed to ensure ecosystem products speak the same language. In this episode of the IoT business show, I speak with David McCall about the Open Connectivity Foundation and the codebase they provide to enable smart home products from different vendors to talk to each other – exactly what you need for any ecosystem

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast112notes

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Category:general -- posted at: 12:00am PDT

I don’t want to be accused of being a hammer but if you think about it, IoT is the tech behind digital transformation. If your definition of IoT doesn’t include data science like mine does, then the technologies at hand are IoT and analytics and AI. Industrie four-zero addresses this tech as well as the political, environmental, corporate and academic issues that pave the way. In this episode of the IoT Business Show, I speak with Henning Banthien about the unique and effective approach Plattform Industrie 4.0 takes in digitally transforming the discrete manufacturing industry.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast113notes

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Category:general -- posted at: 12:00am PDT

No one company is big enough to provide an end-to-end industrial Internet of Things solution. Realizing this the Industrial Internet Consortium (IIC) was founded to bring together different solutions from different vendors to address different use cases. The end game, however, is not technology, but business – to understand what is needed to put together solutions that not only work well but sell well. I’m a big believer in ecosystems so, in this episode of the IoT Inc Business Show, I discuss the IIC with Stephen Mellor to see if this consortium is right for you.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast111notes

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Category:general -- posted at: 12:00am PDT

Listen to this analysis episode with Bruce Sinclair where he analyses the latest IoT news from a business perspective. In this episode, Bruce tees off from the Apple CareKit announcement to discuss why ecosystems are so important and how they differ from IoT platforms.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast47notes

Listen to this analysis episode with Bruce Sinclair where he discusses the issues of pricing smart products and new business models that can help.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast55notes/

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Category:general -- posted at: 12:00am PDT

Over the years now, I’ve been involved in the development of tens of IoT initiatives with my clients and there is only one thing they all have in common… Every one of them pivoted. And I don’t mean little pivots, I mean 180-degree pivots. The lesson here is to pivot fast and pivot early otherwise there’s a good chance you’re not going to make it out of Pilot Purgatory. In this episode of the IoT Business Show, I speak with Phil Regenie about his early pivot and the lessons learn in taking his Senior care product to the pilot stage.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast102notes

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Category:general -- posted at: 12:00am PDT

There’s all kinds of opinions about where the value is in IoT. Well, a group that put their money where their mouths are, are investors. This is a panel discussion where I interview two VCs with similar goals but different approaches. In this episode of the IoT Business Show, I speak with Upal Basu and Jesse DeMesa about what they look for when making an Internet of Things investment.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast78notes

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Category:general -- posted at: 12:00am PDT

Listen to this episode which is a recording of the panel discussion, Show Me the Money – Creating Value from Connecting Things at KNect365’s Smart Home Summit 2016. Bruce Sinclair is the moderator and the panelists are Bob Wudeck from ilumi, Gene Han from Target, Upal Basu from Nokia Growth Partners and Jean-Pierre Abello from Nielsen.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast70notes

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Category:general -- posted at: 12:00am PDT

It’s no secret that the IIoT is enabling manufacturing to go through its next revolution. Some call it Industrie 4.0, but it goes further than the shop floor. The Industrial Internet (of Things) is virtualizing the entire manufacturing industry from supply chain to factory to distribution and along the way is having a profound effect on the workforce and the equipment used. In this episode of the IoT Business Show, I speak with Tanja Rueckert about the hot topics of connected manufacturing and asset intelligence.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast64notes

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Category:general -- posted at: 12:00am PDT

Listen to this analysis episode with Bruce Sinclair where he discusses the issues of pricing smart products and new business models that can help.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast55notes/

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Category:Business -- posted at: 12:00am PDT

IoT consumer products are more expensive than their traditional counterparts, often by an order of magnitude. Not good but makes sense – the tech needs to be financed. But however innovative the products are, higher pricing will cause a headwind. Part of the problem is consumer IoT products are still being sold with traditional product business models. In this episode of the IoT Business Show, I speak with Nate Williams about the opportunity to innovate consumer IoT business models.

Read the rest of the show analysis notes at: http://www.iot-inc.com/new-business-models-in-consumer-iot-still-solidifying-podcast

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Category:general -- posted at: 12:00am PDT

Schneider has seen the IoT light and they are following it at scale. Step 1, make all products connected. Step 2, develop a platform, in this case, for the energy management and automation vertical. Step 3, create more customer value by moving from products to products and services to ultimately driving customer results. In this episode of the IoT Business Show, I speak with Prith Banerjee about the IoT playbook to be followed by all leading-edge enterprises, big and small.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast46notes

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Category:general -- posted at: 12:00am PDT

The smart home or connected home makes life good. Comfortable. Reminiscent of the Jetson’s in many ways. But business models aside, today’s big question, at least for me, is if it really is a DIY (do it yourself) market as it’s currently being betrayed. Not so easy to install. Not so easy to repair, so is it better to be handled by the professionals (installers, integrators, service providers)? You can paint your house but do you want to when professionals can be hired?

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast59notes

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Category:general -- posted at: 12:00am PDT

If your company is collecting data, and every IoT company collects data, it needs a formal “Information SecurityProgram”. We’ve talked risk assessment in the past, that is the process of assigning liability to each potential security breach, but that’s only part of the program. In this episode of the IoT business Show, I speak with John Ansbach about the rest of the“Information Security Program”, impending regulation and privacy concerns.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast44notes

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Category:general -- posted at: 12:00am PDT

The business counterpart to IoT security risk, loosely defined as probability times liability. The current narrative around liability is centered on privacy but it turns out that laws, regulations, and cybersecurity, in general, are some of the other elements in the IoT liability matrix. In this episode of the IoT Business Show, I speak with Mark Radcliffe about the current IoT legal framework and the potential liabilities to address early on in the IoT product development cycle.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast42notes

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Category:general -- posted at: 12:00am PDT

Lose five pounds of belly fat in five days! Sound too good to be true? Yeah, it probably is and because of that, you would expect the FTC to be all over it. But instead of weight loss products, what about IoT products? What’s fair? What’s deceptive? In this episode of the IoT show, I speak with Jared Ho about the FTC’s role in IoT and some guidelines to help your company navigate through the gray.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast77notes

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Category:general -- posted at: 12:00am PDT

Security and privacy are uttered together so often that many believe they’re the same thing. They’re not. Security is a technical issue and privacy is a business issue, and furthermore, privacy is only one type of liability that should be considered when talking IoT security. In this episode of the IoT Business Show, I add a bit of sharpness to the security and privacy narrative.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast76notes

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Category:general -- posted at: 12:00am PDT

What’s the legal definition of a product? Does it cover IoT and is IoT classified a product or a service? Given our laws were never designed for the types of products being sold today, it’s not surprising that there are different interpretations of our current laws and regulations when it comes to IoT. In this episode of the IoT Business Show, I speak with Ron Quirk and Alex Schneider about the legal limbo we’re in and how the legal landscape is evolving to catch up with the times.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast75notes

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Category:general -- posted at: 12:00am PDT

When we buy an IoT Product for our home or our business, the advice is the same: read the fine print. There are plenty of technical obstacles that can be thrown in your way to stop you from having complete control over your data but sometimes the devil is in the details and these contractual details can have a major effect on your business. In this episode of the IoT Business Show, I speak with Johannes Ernst about the IoT Overloads and the upcoming data showdown.

Read the rest of the show analysis notes at: http://bit.ly/IoTPodcast72notes

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Category:general -- posted at: 12:00am PDT

Repeat this mantra: Privacy by Design, Privacy by Design. Although, Security by Design is a best practice followed by IoT companies in the know, its business counterpart, related to risk, isn’t chanted nearly as often as it should be. Privacy by Design should be repeated with every second breath. In this episode of the IoT Business Show, I speak with Paul Plofchan about Privacy by Design and other privacy best practices.

Read the rest of the show analysis notes at: https://www.iot-inc.com/privacy-by-design-in-the-internet-of-things-podcast/

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Category:general -- posted at: 12:00am PDT

Although an integral part of IoT security, IoT privacy doesn’t rely on technology. It relies instead on self-imposed business rules that govern the way the collected data is used within and outside of the enterprise. As with many things tech, government and law is unable to keep up with the innovation of IoT and with what some call its digital exhaust. In this episode of the IoT Business Show, I speak with privacy expert Dale Smith about the top 5 best practices in handling personally identifiable information (PII) and other IoT privacy issues.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast31notes

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Category:general -- posted at: 12:00am PDT

Before talking go to market strategy, we need to talk, go to green light strategy. For most people, internal or external, IoT is a big unknown and unknowns are scary. To get thatIoT pilot started, think small and evolutionary. In this episode of the IoT Business Show, I speak with Michael Minkevich about his experience in building IoT products and systems and the best way to get them greenlit.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast39notes

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Category:general -- posted at: 12:00pm PDT

Alright, let’s talk building an IoT product or system. Time to cycle through concept – ideation – proof of concept– prototype – MVP – product. In this episode of the IoT BusinessShow, part two of two, I speak again with Yuriy Pryadko who shares his experience in the 6-step journey to manufacturing or deployment. In part 2 we get into plenty of details and the numbers, using a fun but useful product example, this time in the consumer IoT space.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast38notes

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Category:general -- posted at: 12:00pm PDT

Alright, let’s talk building an IoT product or system. Time to cycle through concept – ideation – proof of concept– prototype – MVP – product. In this episode of the IoT BusinessShow, part one of two, I speak with Yuriy Pryadko who shares practical advice on the 6-step journey to manufacturing or deployment. In part one we lay the foundation using an interesting example of an IoT system in the Fitness space, prepping us for episode 2 where we quantify the process.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast37notes

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Category:general -- posted at: 12:00pm PDT

Ripping out an existing SCADA system and replacing it with an IoT deployment isn’t going to happen any time soon. Whether it’s an oil pipeline or a water processing plant, the job of the OT guys is to keep things flowin’. Although the writing is on the wall, it’s going to take a lot more than the promise of information nirvana to change existing infrastructure. In this episode of the IoT Business Show, I speak with System Integrator Joel Hutton about his experience in applying the thin edge of the wedge to get an IoT pilot going with his clients.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast36notes

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Category:general -- posted at: 12:00pm PDT

It’s one thing to be in a kickstarter–fueled startup developing your IoT product and quite another to be doing it within a structured corporate environment. Things get in the way. Priorities, personalities, politics, and executive management. The same work needs to be done but other considerations need to be taken into account. In this episode of the IoT Business Show, I speak with Jake Fields about his experience in working with IoT teams within the enterprise environment and the development steps to take to successfully make it through to the other side..

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Category:general -- posted at: 12:00pm PDT

Because of the technology and data available, the biggest and most interesting challenge in designing an IoT product is to make it feel more like a service or experience than a piece of hardware. Only after you understand the customer and what the opportunities really are can product design begin. In this episode of the IoT Business show, I speak with Gordon Hui to get an uber designer’s perspective on how to find that ideal product experience and the business that must be developed to support it.

Read the rest of the show analysis notes at:http://www.iot-inc.com/internet-of-things-podcast-17

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Category:general -- posted at: 12:00pm PDT

When starting down the path toward your IoT product, it’s tempting to jump into the tech and get started with your PoC… but don’t fall into that trap. Of course, there are benefits to getting the minimally viable product out the door but these benefits don’t go away if you back up first and start with a business strategy and defined user experience – in fact, they’re accelerated when you have a clear path from the start. In this episode of the IoT Business show, I speak with Erik Ljung about the importance of starting at the top when beginning your product design process.

Read the rest of the show analysis notes at: https://www.iot-inc.com/top-down-internet-of-things-design-podcast/

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Category:general -- posted at: 12:00pm PDT

Getting an IoT project off the ground isn’t easy. It’s not just about launching a new product based on new technology, it’s the changes the organization must make to reach escape velocity. In this episode of the IoT Business show, I speak with Asaf Sadowski about the importance of creating an IoT proof of concept and the steps involved to get there.

Read the rest of the show analysis notes at: http://www.iot-inc.com/internet-of-things-podcast-15

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Category:general -- posted at: 12:00pm PDT

Okay, our blockchain discussion isn’t quite over yet. Let me ask the question again, is blockchain ready to transact IoT business? The answer is still a resounding “no” but let me caveat it by saying, there are newer technologies that address blockchain’s bottlenecks and deployment weaknesses. Introducing alternative DLTs – distributed ledger technologies. In this episode of the IoT business show, I speak with Ashish Mehta about the options available for those who want to incorporate blockchain-like functionality into IoT today.

Read the rest of the show analysis notes including the transcripts at: http://bit.ly/IoTPodcast96notes

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Category:general -- posted at: 12:00pm PDT

Is blockchain ready to transact IoT business? That’s the question I’ve been trying to answer during this mini-series. While the quest has been intellectually interesting and frustrating at the same time, the answer is a resounding “no.” Although the tech is cool, blockchain is nowhere near ready to be used for business within the budgetable future. In this episode of the IoT business show, I speak with Rhian Lewis about the promise and challenges of transacting with blockchain, Ethereum, and cryptocurrencies in IoT.

Read the rest of the show analysis notes including the transcripts at: http://bit.ly/IoTPodcast95notes

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Category:general -- posted at: 12:00pm PDT

Want to incorporate blockchain into IoT? Well, that’s a pretty tall order but you have two ways to go about it. Go it alone to build the world’s best IoT blockchain protocol and hope it’s adopted or join others that have similar goals to build the world’s best IoT blockchain protocol in hopes that it’s adopted. In this episode of the IoT Business Show, I speak with Zaki Manian about the technology and business advantages of blockchain in IoT and the approach the Trusted IoT Alliance is taking to make them a reality.

Read the rest of the show analysis notes including the transcripts at: http://bit.ly/IoTPodcast93notes

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We all know, whether from experience or just intuitively, that bolting security on an IoT product after much of the development has been completed is a total rookie mistake and a recipe for disaster. Yet this still happens. By crowdfunded startups who don’t mention security in their videos, to internal teams in larger enterprises who also emphasize the bling in order to get their project greenlit from within. In this episode of the IoT Business Show, I speak with Chris Romeo about the Security Development Lifecycle, the polar opposite to the bolt-on, that’s been successfully used in IT security for years.

Read the rest of the show analysis notes including the transcripts at: http://bit.ly/IoTPodcast63notes

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Blockchain. One of the few technologies more hyped than IoT. Put them together and it’s a hypefest. But is it warranted? Honestly, I don’t know but I can tell you, for me, the decision is not going to be based on if it’s cool tech, it’s going to be based on, if that cool tech contributes to making more money. In this episode of the IoT Business Show, I speak with Jessica Groopman about what blockchain is and how it fits into the Internet of Things.

Read the rest of the show analysis notes including the transcripts at: http://bit.ly/IoTPodcast92notes

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Black hat, white hat… gray hat? What does it all mean? In this context, the different colored hats refer to the different approaches to testing the cyber security of your IT, or in our case, IoT infrastructure. In this episode of the IoT Show, I speak with Paul Jauregui about pen testing and other things you need to know about when working with an external security assessment firm.

Read the rest of the show analysis notes including the transcripts at: http://bit.ly/IoTPodcast56notes

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The more I dig into it, the more I’m convinced that privacy is a bigger issue than security in IoT. Don’t get me wrong, the challenges facing IoT security are huge and in many cases, unchartered but, we’ll figure them out. Why? Because we’re good at figuring out tech. What’s going to be more challenging is teasing out the rules of engagement from the tangled web of IoT privacy. This involves people, companies, special interests, and the law – much more difficult and with huge business implications. In this episode of the IoT Business Show, I speak with privacy philosopher Justin Klein Keane about the challenges we face and some mental frameworks in which to consider them.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast33notesnotes

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We speak about our offensive game so much that we forget that we need good defense in business too, that is, effectively protecting the value we create. However, and I speak from experience, the shiny new things seem so much more important than the seemingly dull security and privacy. Well, when looked at from a risk perspective, security and privacy all of a sudden become the purview of the manager. In this episode of the IoT Business Show, I speak with Paul Dant about IoT risk assessment as well as security by design, threat modeling and other important topics to the manager.

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast32notes

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It’s difficult enough to manage network security or web security or application security or mobile security but when they all come together you have the Frankenstein-like monster called IoT security. And when they all come together you have the unique challenges of security system security too – welcome to IoT. In this episode of the IoT Business Show, I speak with Daniel Miessler about the top security risks facing IoT and how to mitigate them. This is part two of a two-part interview..

Read the rest of the show analysis notes at: http://bit.ly/IoTpodcast30notes

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