The Inversion Factor, How to Thrive in the IOT Economy

Overview

MIT Stata Center
Room 32-155 32 Vassar St
Cambridge, MA
United States

Thursday, 18 January 2018 - 5:30pm

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Details

In the past, companies found success with a product-first orientation; they made a thing that did a thing. The Inversion Factor explains why the companies of today and tomorrow will have to abandon the product-first orientation. Rather than asking “How do the products we make meet customer needs?” companies should ask “How can technology help us reimagine and fill a need?” Zipcar, for example, instead of developing another vehicle for moving people from point A to point B, reimagined how people interacted with vehicles. Zipcar inverted the traditional car company mission. 

The authors, Linda Bernardi, Chief Product and Strategy Officer at Element AI, and Prof. Sanjay Sarma, Vice President for Open Learning and Fred Fort Flowers (1941) and Daniel Fort Flowers (1941) Professor of Mechanical Engineering at MIT, and Managing Partner IoTask LLCwill talk about how the introduction of “smart” objects connected by the Internet of Things signals fundamental changes for business.

The IoT, where real and digital coexist, is powering new ways to meet human needs. Companies that know this include giants like Amazon, Airbnb, Uber, Google, Tesla, and Apple, as well as less famous companies like Tile, Visenti, and Augury. The Inversion Factor offers a roadmap for businesses that want to follow in their footsteps.

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