By ignoring IoT, nearly half of Canadian businesses are putting themselves at a significant risk of falling behind their competition (both domestic and global) as their industries innovate around them. To help understand the impact IoT can have on their industries, here are five questions that every Canadian business should be asking.
Even though it's become vastly more efficient and effective to digitize work processes over the past few years, they're still stuck in the past, printing off reams of documents. It's unnecessary paper use that wastes resources, undermines productivity, bogs down workflow and prevents companies from realizing competitive advantages derived from becoming digital enterprises.
Facebook can't fail. There are one billion users. Switching costs are just too high -- people can't go elsewhere when all of their friends are on Facebook. That's what the folks at Friendster and MySpace thought -- just before users abandoned them in droves. Facebook could be next -- especially if they keep interrupting their users.
Not only are we enamored with the ability to send and receive information in a digital format, but our children are equally smitten. I hear more and more parents bemoaning the fact that they're not able to retrieve their iPad or laptop from their young child who is busy surfing the web, watching videos or playing games on the device. Here are the top seven ways that digital technology has affected our children -- the good and the bad.