Executive Update

Blockchains and the IoT: Realizing the Economic Potential

Posted June 22, 2016 in Business Technology & Digital Transformation Strategies, Data Analytics & Digital Technologies

This Executive Update focuses on how the Internet of Things and blockchains are at the front of a broad shift toward decentralization that involves moving computing power and information ownership to the edge, while bringing more control to consumers and end devices. As such, the onus for leading this shift lies on the user communities and influential consumers (e.g., large businesses, federal governments, city councils) rather than the ven­dors themselves. Realizing this technology shift is going to be as challenging as the opportunity it presents. The economic potential can be tapped gainfully only if the barriers are addressed holistically by all relevant stakeholders. The tipping point for mass adoption will be reached when the availability of common standards and ubiquitous communication infrastructure enables a compelling value proposition for consumers and viable business models for technology providers.

About The Author
Nagendra Kumar
Nagendra Kumar leads Practice Innovation for Integrated Consulting Solutions at Tata Consulting Services in its Global Consulting Practice and advises global businesses on EA, globalization, and EA-driven strategic transformation. Mr. Kumar holds a master’s degree in management from the Indian Institute of Management, Calcutta, and a bachelor’s degree in computer science from the Indian Institute of Technology, Delhi. He can be reached at… Read More
Pradipta Chakraborty
Pradipta Chakraborty is a Strategic Business Solutions Consultant at Tata Consulting Services in its Global Consulting Practice and leads evangelization of CxO-focused solutions. He has extensive management consulting experience working with CxOs, business group heads, and EA teams in developing their end-to-end strategic solutions. Mr. Chakraborty holds a bachelor of engineering degree in computer science and attended the postgraduate program… Read More
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