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Image and Research by Harbor Research.

Industry Research and Deep Knowledge is required to navigate the future Workforce.

Over the past seven years, Strategy of Things has leveraged its expertise in the Smart Systems marketplace to streamline the industry. We have achieved this by thoroughly analyzing and categorizing both the supply side and the demand side to gain profound insights.

Through our research in IoT and Smart Systems, we have created various industry-related frameworks. These frameworks, developed in collaboration with NIST, were instrumental in supporting the Global Cities Team Challenge. We initially crafted the Smart Cities Framework and later extended our efforts to develop frameworks for Smart Regions and Smart Corridors. Additionally, we conducted research and application development for Smart Buildings.

Building on these advancements, we have been utilizing our expertise in dedicated projects to acquire implicit implementation knowledge. Our enhanced research capabilities positioned us to take the lead in conducting research in the United States on behalf of NIST. This involved comprehending the existing barriers to the adoption of Smart Systems, identifying gaps in research and development, and uncovering commercial opportunities for the next decade across the top 10 industries.

This comprehensive study provides a distinctive perspective with fundamental insights into this intricate and vital marketplace. We leverage this understanding to reshape our infrastructure and propel a new era of value, contributing to economic sustainability and resilience.

One of the key research domains is the current skills gaps and future workforce development requirements to be managed by both of our academic partners and industry partners.

The above diagram indicates the complexity of these new and challenging shifts which span both technology transformation and business transition.

We have actively modeled the technical shifts and emerging standards by playing integral roles in the NIST IoT Advisory Board, with Benson Chan serving as the National Chair in the US. Additionally, we have actively participated in Working Groups, focusing on cybersecurity and various domains, collaborating with the board and numerous industry contacts.

Through this process, we have conducted hundreds of hours of research and interviews directly with industry as well as several global industry representative groups. This involvement provides implicit insights into both challenges and opportunities to help provide clarity of purpose and value to all stakeholders.

Of particular significance is the emphasis on workforce development and the transfer of skills to markets. In this regard, it is crucial to involve industry partners in providing training and certifications for new and challenging technologies.

Given that the academic cycles for curriculum development often extend beyond the rapid pace of the market, the industry needs to take proactive measures to ensure the synchronization and orchestration of new standards, curriculum development, and certifications/certificates or integrated academic credentials. This coordinated effort is essential to elevate the industry to meet and sustain the future potential we collectively envision.

In collaboration with Vectored Value, we have been leveraging these specific research and industry insights to create value-based services for numerous partners and groups.

Look for more specific information on these services beginning in early 2024!

Craig Stark

Craig is Founder of Vectored Value AI Labs to lead the Next Generation of the Innovation Economy. He is also Managing Director, Canada at Strategy of Things.