7 things successful companies do to make money with the Internet of things

Technical skills are important when it comes to deploying a new connected manufacturing plant or designing a just-in-time inventory management system. But equally important is developing a management culture that can really take advantage of the data transparency that connectivity can offer a business, according to this week’s guest on the IoT podcast. Satya Ramaswamy of Tata Consultancy Services shares his thoughts about a recent report on the Internet of things and how companies can adapt to really take advantage of this business shift. Richard Branson with his Ring doorbell. Image courtesy of Ring. Before we talk to Ramaswamy, Kevin Tofel and I discuss Google’s new router and why it might be the best thing for the smart home. We also explore Intel’s commitment to the internet of things based on its stunt-heavy opener at the Intel Developer Forum this week. In funding news we talk about a $28 million round for connected video doorbell company Ring as well as $5 million in funding for a startup that’s combining the internet of things and the blockchain technology behind Bitcoin. Enjoy the show. Hosts: Stacey Higginbotham and Kevin Tofel Guest: Satya Ramaswamy of Tata Consultancy Services Google’s new router isn’t just for Wi-Fi, it also has Bluetooth and its Weave IoT protocol Intel’s Developer Forum was less about silicon and more about gadgets How to build a decentralized IoT technology stack The 7 steps to build a company culture to take advantage of the internet of things In the web world machines replaced the seller, but with IoT machines replace the buyer The post 7 things successful companies do to make money with the Internet of things appeared first on IoT Podcast - Internet of Things.