Linda Bernardi, Sanjay Sarma and Kenneth Traub
The Inversion Factor
How to Thrive in the IoT Economy (MIT Press)
MIT Press, 2017
Aperçu
Three technology gurus issue a clarion call to change your business model: They urge you to fill needs, add value and create experience – product and sales will follow.
Recommendation
Three technology gurus predict the impact of emerging technologies, like the Internet of Things (IoT). The authors warn that the traditional consumer products sector faces imminent disruption. Those who build, market, brand and sell traditional products face oblivion. Winners invert the business model. First, they discover customer needs, such as easy urban transportation or lodging. Only then do they consider how best to fill them. Increasingly, they leverage the IoT’s interconnectedness and data. Disruption will increase dramatically as the IoT expands.
Summary
About the Authors
Linda Bernardi ran I0T efforts for IBM. Sanjay Sarma leads two tech start-ups and teaches mechanical engineering at MIT. Kenneth Traub co-founded and advised multiple high-technology start-ups.
Comment on this summary