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 with Jayshree Pandya to discuss “The Outcome Economy and the Internet of Things”.

 

Overview

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.

  • So what has changed the thought process and approach?
  • What is creating the trend?
  • Why is the desire for certain outcome gradually taking a center stage across nations?
  • What has made this “desire” possible?

The answer to all of the questions is “technology”.

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 a 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.

It is we the individuals-common citizens that are in the driver seat now and driving the move towards the “Outcome Economy” that is shaping up across nations.

 


To watch or listen “Joe Barkai”, the Author of “Outcome Economy and Role of Internet of Things” participation in Risk Roundup with Jayshree Pandya to discuss “Outcome Economy and Internet of Things” please watch the video or hear the audio podcastRisk Roundup: video/audio podcasts are available on YouTubeiTunesAndroid, Google PlayStitcher RadioRisk Group, professional social media and Risk Group networks.

 

About the Guest
Joe Barkai, is the Author of the book “Outcome Economy and the Internet of Things”.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

“Risk Roundup” is an “integrated strategic security risk dialogue” for nations: its government,  industries, organizations and academia (NGIOA) in cyberspace, geospace and space (CGS).Risk Roundup is released in both audio and video format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group
Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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