IoT – Technology Trends In Digital Transformation

0
893

Balachandra Reddy is the Founder and CEO of iCuboid, a new start up based in Bangalore, India.  iCuboid connects technology with businesses to drive IoT digitalization outcomes through its innovative Enterprise grade platforms that directly targets the strategic technological and business goals for enterprises. iCuboid delivers technical, comprehensive, sustainable business models empowered by its rapid platform driven approach focusing on the manufacturing, retail, health, home automation sectors and fleet management.

Balachandra Reddy is a young, ambitious and dynamic entrepreneur with 13 years’ experience in IoT.  He is an expert in information systems architecture, software design methodologies, and software design patterns, microservices architecture, and object-oriented design, and Service Oriented Architecture (SOA), Balachandra an active member of Github since 2014 and remains an important contributor to the open source community.

We interviewed Balachandra Reddy about his insights after working in the IoT industry for 13 years.

1. You have been in the IoT industry for 13 years, what are the biggest changes that you have seen?

In the last 5 years, we have seen many IoT companies selling their products described as “connected,” “smart,” or “intelligent”. From smart digital supply chains to connected refrigerators, intelligent thermostats, and smart razors, the idea of connecting devices to an unlimited variety of things to allow it to make things better, safer, faster, and easier has been considered a competitive advantage or critical selling point for many companies.

2. With your expertise in these industries, how does the future of IoT apply to the manufacturing sector, health sector and home automation and fleet tracking?

Manufacturing will see a continued acceleration of trends. There will be more attempts by manufacturers to leverage IIoT [Industrial IoT] to bring whole facilities online as ‘fully connected’ factories, warehouses, and distribution centers,” As AI interacts with these sensors ecosystems, whole facilities can “learn” to moderate energy consumption and improve efficiency based on the identification of hidden trends in production data.

Health care will see lot of enablement by IoT. Simple, embedded digital tools are already being piloted at large scale to mitigate infection risk around replaceable medical instruments, while smart threads and sticker or patch sensors have improved in their fidelity, tracking everything from cardiac to body chemistry and sleep patterns. The growing ecosystem of wearable fitness devices will help insurers recognize members who are (literally) taking steps to actively change their individual risk.IoT technologies supporting patient medication adherence will help both groups see major cost-saving and health improvement opportunities.

IoT takes various roles in domestic household gadgets. Imagine the days we returned home from the office to see the dishes still waiting to be cleaned in the dishwasher, clothes in the washing machine waiting to be washed, and stumbling across room full of objects to reach the light switch. The technology is already up and running, because of embedded devices that connect machines to the internet, ultimately controlled by our smartphones. Not too long into the future, we may be getting a text from your hall that the bulb was the out and a link to order the same online! The most important feature however would be the home security systems that could be programmed to alert the police in case of a breach. This feature could be used to remotely unlock or lock homes just from any mobile app, provided you have the authentication.

The business of logistics and fleet tracking, even as of late, is a challenging business because it is prone to various environmental factors such as the weather, the trade route and the internal politics of the region. This becomes fairly significant when it comes to local and international logistics, done on a incomprehensibly huge scale. The tracking of every containment, every box in the shipment is virtually impossible when completed on a manual scale. Now with RFID’s/beacons and each one of them connected to the internet, the tracking of every single object on transit has been made possible.

3.What are the challenges for businesses when they consider Digital transformation?

Nowadays innovation is a crucial part of succeeding in a competitive market. It is the ability to evolve from a player to a disruptor and must be an essential part of digital strategy. Below are the top 5 challenges for enterprises to succeed in digital transformation.

Disjointed platforms & technologies; Outdated KPIS;Silos of innovation;Limited expertise;Siloed organizational structures.

Companies need to connect silos and enable business agility through interoperability, and only then can they can see the outcomes of digital transformation. Creating open ecosystem to work across common open platforms facilitates faster innovations.

Digital Transformation with IoT processes provides great capabilities too small to enterprise businesses. They range from connected Health, connected transportation to connected Workplaces. Looking at the current trends and the way IoT is transforming all major business verticals, if a company can adapt quickly, it is more likely to be successful.

We recently open sourced our SenseWire IOT platform to the open source community to support small scale companies and startups to benefit them SenseWire. Our platform, SenseWire is an enterprise-grade IoT platform built on a modern cloud-native architecture and a fully

customizable feature set. Based on flexible microservices, SenseWire easily adapts to almost any need and application. It scales from a tiny start-up to a massive corporation and supports advanced deployment models for multicloud IoT solutions.

4. How do you design to consider the need for security features on all IoT connected devices?

When there are so many devices that are connected to each other over nonsecure platforms the possibility of data security and cyber security being compromised are incredibly high. In fact, studies suggest that, “businesses are experiencing high levels of anxiety due to IoT security concerns, largely due to the negative business ramifications a security failure can have on critical business operations.”  A well-developed IoT Security compliance framework helps a company to ensure that all their IoT devices, products, and services are protected from security threats and also complain by country specific guidelines like NITI, GDPR etc.

5. What do you see in the next 5 years in the IoT industry in particular the manufacturing, health, retail, home automation.

The shift toward more internet-enabled products has been dubbed IoT for short. This technology has significantly

gained traction in recent years as the cost of sensors has declined and processing power increased thus making it possible to connect more things, people and devices. In a futurist world, everything in the surrounding environment will communicate without the need for human intervention.

For example,IoT will provide greater visibility across the fulfillment process, durable goods manufacturing shop floors and smart cities etc.

We can say one thing for sure that the number of IoT or the Internet of Things devices will outnumber the total population of the earth. While we can even say that the Internet of Things or IoT is something which is increasing tremendously in an unexpected way.

6. What are your future plans for iCuboid?

We will continue to innovate and bridge the gap between the physical and the digital with sensors, gateways, software platforms and AI. Our focus is mainly on engineering digital first products and offering our customers to create new revenue streams by leveraging AI and ML capabilities in built into the platforms.

In 2017, iCuboid was selected by the Government of India, for its Start – Up India programme that builds a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate employment opportunities.

We are now focusing on scaling to international markets targeting the UK first and then to the US in the manufacturing, health, retail and automotive sectors.

LinkedIn: www.linkedin.com/in/balu-reddy

Website: www.icuboid.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here