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Engineering Change

The Socioeconomics of the Internet of Things

Pictured: Adam Smith, 1723 – 1790. Argued for free trade, market competition and the morality of private enterprise.

Between studies, whilst temping at Enable Software (Enable iD’s parent company), I was tasked with writing this blog article. Whilst experienced enough in writing artciels, I was at first unaware of the finer details of the ‘Internet of Things’ (IoT), even if I was still confident I had a relatively good grasp of the concept.

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The HAT, IoT & the Cloud

Original article published on Hub of All Things.

It’s commonly stated that individuals: a) don’t know what their personal data is worth, and b) give it up in exchange for “free” services, which then are powered economically by the value of the large amount of user data in terms of targeted advertising, marketing recommendations, analytics, and so forth. This is the famous two-sided market. In a similar way, the Internet of Things (IoT) has largely evolved a collection of services that often appear to be free, but in fact make this same trade-off. Hence, smart metering for utilities empowers the electricity-generating and grid companies to optimise their price/performance better, just as Tesco’s Clubcard allows the supermarket group to optimise its range and quality of goods.

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Me, Inc. (as a HAT)

Original article published on Hub of All Things.

Today’s corporations use IT to be incredibly efficient and effective. There are IT systems for finance, accounting, inventory management, supply chains, material and enterprise resource planning. All the tools necessary for the corporation be viable and profitable amid constraints of regulation. Corporations hold vast amounts of data to achieve this; data about production, materials, inventory, data about customers. In fact, nothing can be achieved within the modern corporation today without data and information.

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Does Context Matter?

Using Big Data To Predict Consumer Choice:

Consumer data is a valuable asset in the current age of data with “smart things” (sensors) delivering large amounts of information to consumers and businesses. According to IBM, in 2012 more than 2.5 exabytes (2.5 billion gigabytes) of data was generated daily. By 2015 this number has grown and, according to forecasts, will continue to grow to 40,000 exabytes by 2020. Under these circumstances, businesses develop innovative techniques to extract and analyse data “on the fly” in order to create quick value propositions for the consumers. The availability of large masses of data catalyses the rise of the domain of data-driven business models (DDBM) which looks at how the data can be used in order to develop new and improve existing business modelling mechanisms.

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Where Is The World’s Smartest City?

Original article published on Hub of All Things.

This March, the UK’s chancellor, George Osborne, pledged £40m investment into the Internet of Things, with the expectation that this would help to support the Government’s smart cities initiative. Within the same month, Bristol announced the launch of a multi-million pound experiment to create the ‘smart city of the future’ through its Bristol is Open project and Cambridge pledged to become the ‘world’s smartest city’.

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Are You Wasting Your Personal Data?

Original article published on Hub of All Things.

Every day we interact with technology and (often without realizing it) generate enormous amounts of data about ourselves. Many of us even have distinct data habits, traces of which could be found in our smartphones or in social media. My day, for example, starts with an app which records my diet and exercise. Only a few years ago my sister (a professional volleyball player) used to nag me about my exercising regularly and would give me that disapproving look when I shirked and skipped the gym for a dinner with friends in my favourite French restaurant. Today, this job is done by the app which gives me warnings if I eat too much ice-cream (yes, it does happen!) and reminds me of scheduled runs or gym visits. Many of us use apps to shop for groceries, track our expenses, chat with friends and family, etc.

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Thinking and Designing In The Meta

Originally published on Hub of All Things. (Img. Igor Bulgarin, Shutterstock)

It’s 0527am and I’m awake. And exhausted. The mind has been working all night trying to come up with solutions for the design of views on the HAT that would help a user to be creative with his/her own data. A long meeting with the tech team yesterday has basically got some of the technical stuff down, so that the data that comes onto the HAT has the greatest agility to be shaped into different uses.

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