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Samsung and the Internet of Things - Strategy with RS

Comments
 

Ananya Rao

Yes, it's a very good strategy. But will Samsung's management have the daring and the innovative spirit required for it?

26 May 2015, 10.51 PM

+Read Replies (1)

Rajesh Srivastava

Ananya when pushed to a corner then 'daring & innovative' spirit come to the forefront.

5 Jul 2015, 10.40 PM |

Rajesh Srivastava

I presume they will have the courage to pursue it. Particularly after seeing there profits plunge they cannot afford to be reactive. They have to proactive.

29 May 2015, 12.58 PM

Deepanjan Datta

Yes sir, you are right, they have to bring in value that others are not bringing in. But the strategy you are suggesting will indeed require a lot of technical investment (in terms of money and manpower), and even then may not end up giving the desired results to Samsung. It will be a huge risk, I wonder if a company with as much at stake as Samsung, or indeed a company which has as much inertia (again, by virtue of size) would be willing to take such a big risk? Aside, I am a huge fan of your series sir. Thank you so much for such informative posts.

4 Jul 2015, 02.37 PM

Rajesh Srivastava

Deepanjan they have no option but to pursue the strategy I have recommended. Remember risk is inherent in every business decision. And any other decision they take will have equal if not more risk.

5 Jul 2015, 10.42 PM

Gaurav Sawant

Yes Sir it is true Samsung has a great opportunity to invest in plans you recommended i.e the Internet of things..but hurdles I think will come in its way are as follows: 1. Infrastructure requirement in the form of connectivity is tremendous in such complex architecture. 2. Privacy and Security of data should be addressed, else it will again come back to haunt Samsung 3. Comfort of people in using such connected services. Samsung has to invest in changing consumer behavior to take advantage of such offering. Sir , let me know if these issues are relevant.

9 Jul 2015, 12.37 PM

Rajesh Srivastava

Gaurav Sawant all the points that you have raised are relevent. But they are not new ... they have been present for some time.Take #1: All issues are comples before they are solved & then the solution looks so self evident! Take #2: Personal data is a big is a big issue. And over time a solution will emerge. It is in existance beofore IoT came int o existance. Take your point # 3. Gen Y are comfortable with IoT. Samsung will not have to change there behaviour .. it will have to launch products to suit there behaviour.

18 Jul 2015, 08.27 PM

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Comments
 

Ananya Rao

Yes, it's a very good strategy. But will Samsung's management have the daring and the innovative spirit required for it?

26 May 2015, 10.51 PM

+Read Replies (1)

Rajesh Srivastava

Ananya when pushed to a corner then 'daring & innovative' spirit come to the forefront.

5 Jul 2015, 10.40 PM |

Rajesh Srivastava

I presume they will have the courage to pursue it. Particularly after seeing there profits plunge they cannot afford to be reactive. They have to proactive.

29 May 2015, 12.58 PM

Deepanjan Datta

Yes sir, you are right, they have to bring in value that others are not bringing in. But the strategy you are suggesting will indeed require a lot of technical investment (in terms of money and manpower), and even then may not end up giving the desired results to Samsung. It will be a huge risk, I wonder if a company with as much at stake as Samsung, or indeed a company which has as much inertia (again, by virtue of size) would be willing to take such a big risk? Aside, I am a huge fan of your series sir. Thank you so much for such informative posts.

4 Jul 2015, 02.37 PM

Rajesh Srivastava

Deepanjan they have no option but to pursue the strategy I have recommended. Remember risk is inherent in every business decision. And any other decision they take will have equal if not more risk.

5 Jul 2015, 10.42 PM

Gaurav Sawant

Yes Sir it is true Samsung has a great opportunity to invest in plans you recommended i.e the Internet of things..but hurdles I think will come in its way are as follows: 1. Infrastructure requirement in the form of connectivity is tremendous in such complex architecture. 2. Privacy and Security of data should be addressed, else it will again come back to haunt Samsung 3. Comfort of people in using such connected services. Samsung has to invest in changing consumer behavior to take advantage of such offering. Sir , let me know if these issues are relevant.

9 Jul 2015, 12.37 PM

Rajesh Srivastava

Gaurav Sawant all the points that you have raised are relevent. But they are not new ... they have been present for some time.Take #1: All issues are comples before they are solved & then the solution looks so self evident! Take #2: Personal data is a big is a big issue. And over time a solution will emerge. It is in existance beofore IoT came int o existance. Take your point # 3. Gen Y are comfortable with IoT. Samsung will not have to change there behaviour .. it will have to launch products to suit there behaviour.

18 Jul 2015, 08.27 PM