Maximising the value of IoT

Maximising the value of IoT

Wednesday, April 18
11:50 AM - 12:30 PM
Room II

Of the total potential economic value that IoT enables ($11.1 trillion by 2025), interoperability is key and required for 40% on average and for nearly 60% in some businesses. However research by Mckinsey estimates that just 1% of IoT data finds an actionable purpose—largely because tech makers use sensor data to capture anomalies in the system, not to optimize or advance their technology.

In this session we will discuss:
· The value potential of IoT and the economic impact
· How IoT applications create value in different settings--for example within cities/factories/homes
· What are the key enablers and barriers that lead to varying levels of impact?
· What are the implications for policy makers, users, and B2B organizations?

We will look at real-world examples to bring the subject to life. For example, Google unveiled two new initiatives, its Brillo IoT operating system and its Weave communications protocol, which trod new ground by branching out into industrial applications, connected agriculture and remote infrastructure. The market may not wait around for open-source standards to get everyone on the same command line. With as much as $11 trillion at stake, it could just take the fastest route and rely on those companies who succeed first in delivering IoT products.

Presentation Video


Abhas Ricky
Director, Strategy & Innovation
Abhas, an electrical engineer by training, is a seasoned strategy consultant and a passionate entrepreneur. An ardent innovator, he holds an inimitable experience of incubating a Digital start-up, and successfully growing it as a lean alternative growth engine bringing in revenues in excess of $10M. Currently he heads up Strategy & Innovation at Hortonworks and helps early stage startups with angel Investments, product prototyping, affiliate partnership strategy, marketing and loyalty biz-stream creation and sustainable 360 degree growth, across both sides of the Atlantic. He was selected as a Global Shaper by the World Economic Forum, '100 Visionaries under 30' along side the likes of Nobel Laureate Malala Yousafzai by the Real Leaders Magazine, and a Founders of the Future under 35 by the Founders Forum.