The Wisdom of Warren Buffet in Tech
You often hear me encourage you to go after the high-value, low-tech, use-cases in #IoT such as remote monitoring coupled with simple threshold/value-matching analytics to cut costs, reduce risks and improve customer satisfaction.
It’s because I’m inspired by the common sense wisdom of Warren Buffet who reminds us that it is “far more profitable to stick with the easy and obvious than it is to resolve the difficult.”
In another great shareholder letter he wrote, “To the extent we have been successful, it is because we concentrated on identifying one-foot hurdles that we could step over rather than because we acquired any ability to clear seven-footers.”
My takeaway for the Internet of Things is to focus on base-hits, stop boiling the ocean, and stop obsessing about AI stuff that you don’t even understand. Tremendous value is within your reach if you take baby steps and do the easy stuff first.