By Neeraj Maskara
Adoption of connected devices and Internet of Things data analysis has become a compelling business imperative for companies and countries around the world. In Asia, the IoT revolution has unique characteristics reflecting the infrastructure and politics of the region.
I recently attended IoT Asia, the largest IoT event in Asia, where many exhibitors and presenters showcased the latest IoT technologies. The event is held annually in Singapore, which is no surprise given its recognition as one of the Smartest Nations in the region.
This year, over 100 next generation IoT vendors from across the globe kept the exhibitors pavilion busy. The conference seminars were divided into three streams: technology, solutions and organizations. These sessions highlighted several success stories from a variety of geographies and sectors, including Singapore. The following are some of the key priorities and trends which I observed during the conference.
Smart Cities, Urban Planning and Resident Experience
These were the most visible and overarching themes at IoT Asia. Dr. Vivian Balakrishnan, Minister for Foreign Affairs and Minister-in-Charge of the Smart Nation Initiative at IoT Asia 2017 made an impressive presentation to open up the conference. The following are focus areas for Singapore which were highlighted by Dr Balakrishnan:
- Single point of access for all residents using one ID card and one login making access to services more convenient and efficient while at the same time providing valuable insight to the government and major corporations about trends and improvements in urban, civil, social and economic planning.
- From a transactional standpoint, unification of POS terminals for all retail and services. At the same time, implementing a mobile-based money transfer system to help move towards a more cashless society.
- Ensuring that all measures are taken and constantly improved to make a Smart nation safer from cyber crime, hence a large focus on cyber security technologies.
- Increasing the level of support for startups and SMEs that are working on IoT innovation in every way possible. To that effect I noticed that the conference brought together several start ups, university driven incubators and aspiring entrepreneurs.
For all the above focus areas, I met with a number of delegates from various government agencies in Singapore working on Smart Nation Initiatives. Data management and data intelligence seemed to be the overarching challenge and an area of concern. After sharing with them how Kx Technology is helping a variety of organizations and IoT centric environments manage their Big Data challenges most effectively, it was clear that we have an incredible opportunity to extend our platform to various projects in the region.
Connectivity between IoT Sensors, Edge Devices, Fog Devices and Enterprise
Almost all exhibitors showcased their products and services for IoT, including devices at the sensor, edge, fog and enterprise level. There was an evidently large amount of partnership discussions taking place throughout the two days between vendors to build solutions that would allow a client to achieve seamless connectivity between devices at all levels with the objective of gaining better just-in-time intelligence. Real time collection, aggregation, filtering, and processing of data from various stages of the IoT ecosystem were discussed as a much needed requirement, and an area where Kx Technology could play a pivotal role in the process.
Making sense of IoT Data – The journey from data to information to knowledge.
Most presenters pointed out that the true value of IoT technology will be realized when intelligence is extracted from the data and information in a timely manner. Most seasoned IoT professionals said that looking at the current surge of IoT Solution providers, it is critical for them to demonstrate how their solutions will have a tangible impact on a user’s risk mitigation and/or profitability. Kx technology is a perfect solution to help organizations derive true business value by harnessing IoT Big Data in order to help them make innovative, timely and mission-critical decisions.
Neeraj Maskara is a Kx Business Development Director based in Singapore.