The Outcome Economy Unleashing the Potential of Internet of Things

Joe Barkai, Author of the book “Outcome Economy and the Internet of Things” participates in Risk Roundup to discuss The Outcome Economy Unleashing...

Joe Barkai, Author of the book “Outcome Economy and the Internet of Things” participates in Risk Roundup to discuss The Outcome Economy Unleashing the Potential of the Internet of Things.

The Outcome Economy – Unleashing the Potential of the Internet of Things

We all look for an “outcome” in our daily lives, daily activities, and actions in what we do, what we produce, how we produce, when we produce as well as how we sell, purchase, and desire.

However, until recently neither individuals nor the entities across nations: its government, industries, organizations, and academia (NGIOA) had any direct control over most of the activities happening around them in their ecosystem. Each one of us was forced to settle with what was available versus what was desirable.

Having said that, it now seems that across many nations, there is a growing trend that, when individuals, consumers, clients, and citizens buy or subscribe to any product now, they have begun to look at all available products from a very different perspective—based on an outcome they desire.

It is the advances in “technology” that has made this desire for an “outcome” a reality. To be specific, it is the “internet of things (IoTs), big data analytics and cloud computing solutions” that are allowing nations the potential to create, frame, desire, acquire, sell and buy or subscribe to “outcomes”. While the potential to look for desired outcomes or to produce, sell, purchase or acquire “desired outcomes” brings a fundamental change to the current technology, products, services, processes, business, management, and governance models across nations, the most important change is perhaps to the power that has come to individuals, each one of us– common citizens and to the human potential across nations. Time is now to talk about The Outcome Economy – Unleashing the Potential of the Internet of Things!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast