Posts tagged "education"

How Do I Start My IoT Project Without High Investment?

July 5th, 2017 Posted by HOW-TO, NEWS, TIPS 0 thoughts on “How Do I Start My IoT Project Without High Investment?”

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Start Your IoT Journey

#AskIoTWorld Question #4:

How do I start my IoT Project?

Response:

Simple answer – it depends on where do you stand? Assuming that you have the necessary knowledge and skills to develop an IoT project, take the following steps:

  1. Go out there and find a business case. Good market research report can give an indication but the market can be different in different countries. Thus, you need to be out there and find a real business case. Talk to the industry, talk to the customers and listen to their pain points.
  2. The low hanging fruit is to replace manual labor with remote monitoring. Costs can be greatly reduced. No more traveling costs and time-consuming data gathering. By doing this, you are also benchmarking their operations.
  3. The best part of benchmarking is that you can now introduce more sensors, actuators, analytics to gain better insights and thus ROI can be easily seen and predict.

This is just the beginning of your IoT journey. Take a simple step forward, understand their business case, learn, change if it doesn’t work, expand if it begins to show the ROI.

You can DOWNLOAD the eBook – HERE.

[Note: You can #AskIoTWorld with any IoT-related questions and we will try to answer in this Blog]

How to Embark on IoT Business

July 4th, 2017 Posted by BLOG, HOW-TO, TIPS 0 thoughts on “How to Embark on IoT Business”

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#askiotworld #3:

I am very interested in IoT and would like to embark in this business. How do I start?

Response:

Everyone is excited about IoT, its potential and the promise of billions of connected devices including trillions of dollars in the business. But many are confused how to start their IoT venture.

Everyone is excited about IoT, its potential and the promise of billions of connected devices including trillions of dollars in the business. But many are confused how to start their IoT venture.

Here are my suggestions:

  1. Start by finding the right vertical, market segmentation and customers that have the right mindset to change and money to invest in their digital transformation journey i.e. customers that are WILLING and ABLE to spend money on IoT.
  2. Find their business case and pain points to solve
  3. Check your strength to deliver the solution based on the following IoT value chain. Note that there is no single company can deliver an end-to-end solution. Even big companies require smaller companies to support their delivery ecosystem.

Select one (or more) of the value chain and be very good in delivering that “chain”:

  1. End-device components
  2. End devices and sensors
  3. Embedded operating systems
  4. IT, network and OSS infrastructure
  5. Security
  6. IoT Middleware
  7. Cloud infrastructure
  8. Analytics applications
  9. Visualization applications
  10. Management and applications enablement software
  11. Service providers
  12. Vertical products and solutions
  13. System integrators

The Status of IoT in the Universities Globally

July 3rd, 2017 Posted by BLOG 0 thoughts on “The Status of IoT in the Universities Globally”

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#askiotworld #2:

Are there fully IOT implemented in any University around the globe? If there are then share the list and % of IOT implementation coverage. If it can be implemented in any University in Malaysia, should it be UTM the best candidate? is there any plan for it then?

Response:

A simple answer to this will be “no”. In fact, there is no single organization in the world that really implement a “full” IOT. Some parts of the organization might adopt IoT but not “fully” if that’s what the question is referring.

Most IoT research activities reside in the Universities. The research originates from Faculty of Electrical or Electronic or Computer Engineering to Faculty of Computer Science. Advanced IoT applications can be seen in many University Labs. Unfortunately, there are no statistics compiled worldwide although you can check out FP7 and Horizon 2020 list of projects to see which Universities in Europe are involved in IoT.

In Malaysia, FAVORIOT has started to engage with 15 Universities to groom the new Generation-IoT. Check the list here. Personally, I have seen many IoT projects in the Universities have difficulty to turn them into something commercial. Mainly due to the objectives of the projects are focused on developing new technologies, producing Masters and Ph.D. graduates, publications and presenting at conferences. The funds given are not able to go beyond prototypes. These are among the many challenges for Universities in Malaysia to “fully” implement IoT.

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