On April 28th, 2016, we were overwhelmed by the response to Vancouver’s Mobile Breakfast Series! Optimus Information brought this event to Vancouver with Chetan Sharma Consulting and was met with a completely packed house.
The event brought together four executives from leading brands to discuss IoT, where it’s heading and how their different organizations are approaching it.
Shahid Ahmed, Managing Partner – Emerging Technology and IoT at PwC
Gonzalo Tudela, CEO and Co-founder at Vandrico Solutions
Rob Tiffany, Global Technology Lead for IoT at Microsoft
Rob Chandhok, President and COO at Helium
Chetan Sharma, CEO, Chetan Sharma Consulting (moderator)
We would like to extend a big thank you to those that joined us! For those that couldn’t make it, we have captured a few highlights for you:
IoT is not just about technology
One also should look at the business impact of IoT. For example, IoT stands to impact the pricing model of some industries.
- Sensors accurately measuring risks means that actuaries in insurance companies can more accurately price insurance products. This is a big change for the insurance industry.
- Rolls Royce aircraft engines charge their customers based on hours flown. The hourly cost is dictated by data collected from various sensors in the engine. They are now also collecting the maintenance history of various components.
Fog layer/fog computing
The fog layer means processing transactions locally rather than transferring to the cloud. For example, instead of transferring all the raw data from the device to cloud, only relevant or processed data is transferred.
Encryption doesn’t equal security
People confuse security with encryption. Security has many more aspects in addition to encryption. For example, for a sensor that only sends data when a door is opened or a motion is detected, simply the presence of data being transmitted can be a breach of security.
IoT + Cloud
This is a leading technology trend with two camps. One camp includes companies like Microsoft that offer complete solutions from the device to the backend and analytics. The other camp includes companies specializing in specific parts of this value chain, such a sensor manufacturer or a platform for processing big data.
Pictures from the event: