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CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York 2018
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Monday, November 12 • 11:00am - 11:40am
DevOps and Enterprise IoT

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Enterprise IoT Has Created Smart Cities and a New Economy

Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.

•Incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations.

•Many economists have assumed that AI will promote automation and destroy jobs. Many economists have studied job skills or tasks that can be automated to evaluate the scale of job displacement.

•This analysis takes a different route. It argues that there will be a positive economic impact from ML and AI  because of the sizable benefits. We have spoken with Bank of America, LinkedIn, Capital One and AirBnb who all recount the significant gains in business due to adopting ML and AI.

•Our approach is to focus on the firm. Our analysis of the gains from AI are based upon the following equation:

 •As firms become more digital, more of their corporate operations and strategy revolve around using ML and AI. By using this innovative software, we expect firms will increase revenues, growth and profits and be more competitive.

We also identify a new trend in ML and AI, the automation of ML and AI deployments. Automation will reduce demand for data analysts and data scientists. We expect it will increase demand for mid-level data analysis professionals with more technical skills as well for middle-level employees with more software and computing acumen. This should be an important source of middle-level jobs.

•These are the "green shoots" of a new economy characterized by rapid software innovation and swift changes in data resource use and infrastructure.  As a result, many firms employ new business models that place enormous importance on software-based innovations. They require not only skilled occupations, such as data analysts and DevOps professionals, with more technical skills, but also middle-level employees with more software and computing acumen. Both large and small firms operate differently.


In his session at @ThingsExpo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, will discuss how after this shift, the economy will require:

Technical acumen built in schools, through in-house training, or better university programs.
Industries that no longer bend metal or provide retail or sales opportunities. They will exploit continuous innovations in software and computing to offer autonomous capabilities and innovative connections to customers.
The Internet of Things will serve as the handmaiden for dramatic economic change.

Speakers
avatar for Robert Cohen

Robert Cohen

Senior Fellow, Economic Strategy Institute
Robert Cohen is an economist and senior fellow at the Economic Strategy Institute. He analyzes the economic impact of new telecommunications and computing technologies. His current work explores the emergence of software as the fundamental building block for networks, data centers... Read More →



Monday November 12, 2018 11:00am - 11:40am
06 Smart Cities, Internet of Things, IoT, IIoT (LEXINGTON SUITE) Smart Cities, Internet of Things, IoT, IIoT

Attendees (42)