Lucian Fogoros on IIOT - the Industrial Internet of Things

WEBVTT

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There are some people that make their
work just another thing they have to do,

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and there are those that make their
work something that they want to do.

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Welcome to Working on Purpose with your
host Elise Cortez. In our program,

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we provide guidance and inspiration from those
people who have found deeper meaning and

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personal connection to their work life.
It's beyond nine to five. It's working

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on purpose. Now Here is your
host, Elise Cortez. Welcome back to

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Working on Purpose. Thanks for tuning
in again this week. I'm your host,

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Elise Cortez, joining you from Dallas, Texas, which is home base

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for me. This program is all
about helping people more meaningfully and productively connect

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with their work and equipping organizations to
do the same for their employees. I

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bring on guests to a particular perspective
or experience that I think expands the conversation

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about meaningful and productive work, and
I usually draw on the meeting work research

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I've been doing over the last fifteen
years, as well as from my own

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experience consulting, including the work that
I do today at INCIDIM, which is

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a global management consulting firm. I'll
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name and email address. All right,

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So with us this week is Luchen
Fogoros, who is the co founder and

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managing director of IIoT World, which
is a digital media outlet that covers the

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economic and technological implications of the transformation
taking place as IoT proliferates throughout the enterprise.

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IoT World combines journalistic coverage with data
analysis to expose the stories, players,

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trends, and innovations that shape the
IoT. IoT World has recently been

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ranked by k Core Analytics as the
number one influencer on several topics such as

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industrial Internet of Things, smart manufacturing. I don't know if it's Skater or

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SCOTTA, we'll find out, and
is actually ahead of companies like IBM and

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GE. It's a fantastic thing to
have an acclaim to and today Luchan joins

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us today from Cleveland, Ohio.
Welcome to working on a purpose. Thank

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you Liz, and good evening,
good morning, good day to everyone.

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Whatever you're joining us from. Thank
you for joining. Isn't that wonderful?

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And I appreciate you saying that because
I really enjoy that this particular show is

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listened to across the globe, including
China, Japan. There's a lot of

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folks there in India, Malaysia,
all different kind of places, and I

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really appreciate that we get to have
a truly a conversation that really matters to

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everyone, and it's going to happen
across the globe. So thanks for saying

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that. Thank you for much for
everyone. And also let's also acknowledge that

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how we found each other was via
Twitter. It's been a fantastic means,

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a mechanism for me to meet people
I wouldn't otherwise have any business meeting and

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learning from, and now to be
inspired by to have you on the show.

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So thank you Twitter for putting us
together. It's so a great value

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for us as well, leveraging to
to reach out. It's just it's wonderful.

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I sometimes I actually had a thought
the other day of what would happened

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if like Twitter or LinkedIn went away? Well would happen all right, well,

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let's get started into the topic here. I want I want to start

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with really the basics here, Luca. There are going to be people that

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are listening to the show that are
like, I mean, I'm gonna listen

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because I keep hearing about the Internet
of things. I don't even know what

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the heck we're talking about. So
I want to just start with the notion

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here from people that there's probably a
variety of folks that are listening, people

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that have got this and they're well
beyond they want the next thing. But

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what do we mean by the Internet
of things? Well, thank you for

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that question, and I'm humbled to
have the opportunity to talk about this.

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I'm very passionate. So the Internet
of things consist of smart connected objects in

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homes with a business or surroundings that
has ability to communicate over a network without

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a human to human or want to
computer involvement. So to give an example,

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basically, the concept basically connects any
devices with on or off switch over

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the Internet. Includes anywhere from cell
phones to refrigerator lamps around our homes,

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crush stores, cameras, wearable devices
such as basically glasses, and almost anything

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that you can think of this also
employees basic components on various machines anywhere from

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machines that makes pasta an industrial company
or a jet engine or an oil platform.

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So basically there is there is as
long as it has an honor off

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switch, then chances are that it
is part of an IoT and analysts basically

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are predicting the will by twenty twenty. There is prediction depends on who you

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listen to, that there will be
anywhere from twenty six to over one hundred

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billion connected devices in twenty twenty.
It's a lot of connections. So essentially

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it's a giant of networks or connected
things. Okay, that really really helps

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me personally, so thank you Luchon. Okay, Now, specifically, though

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you are focused on the industrial Internet
of things. What's different about that?

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How do we distinguish that? So
on the what's the difference between ioor T

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and IIoT the industrial Internet things?
So if it work at that, that's

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basically IoT refers to a SHOPT category
as a subset of the broader Internet things.

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Basically IoT includes things like smart open
that we mentioned, smart consumer products

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yet industrial IoT IoT smart industry industry
four point zero whatever, there's various terms

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that people refer to, depending on
what corner of the world you're referring to.

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It focused specifically on industrial applications such
as smart manufacturing, buch of,

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smart agriculture, smart c these types
of applications. Okay, I appreciate that.

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I guess I could have figured that
out if I really thought about it,

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but I like so much better the
way that you said it. Okay,

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now, well listen, now we
can talk about your organization. Whichell

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now that we've kind of covered those
basics here. So IoT World is your

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organization. It is a digital media
outlet, and I know that it's it's

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fairly new. So I want to
help our listeners understand why did you found?

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Why did you co found? You're
one of two founders, I think

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it is, and what is it
that you're trying to do in the organization

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there is correct? So, so
first off, the IOWA two World was

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was born out of a passion of
the two co founder for and professional background

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combined of Carolina's background, my co
founder is basically digital journalism. She wrote

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her pH d twosies combining traditional media
with digital media, and my experience basically

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on industrial software development background development engineer
with progressive roles in product marketing, a

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global level product management, and our
mission basically is to educate on what's real

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on industrial ioty and we engage with
subject matter express from around the world to

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bring those real applications, those case
studies so inspire other organizations to do the

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Thames same. Okay, awesome,
awesome, Okay, And I know that

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when you and I spoke on the
phone the first time, when we did

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our introductory call, you're helping me
to understand a little bit about I think

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you said something about like the number
of readers or followers that you have,

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something like that. Yeah, it's
It's funny you mentioned about Twitter because we

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so both of the founders started with
a few thousand followers on Twitter, but

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we also flogged in a new organization
Twitter account and the accountos flogged in I

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think was late January. Site one
Life in February, and he went to

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over fifteen point two thousand people in
just under ten months. First nine of

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the ten customers we could talk about
that king from Twitter and the rest of

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them. Basically we also got engaged
in various events, but that's one medium

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we leverage Twitter to reach our audience. We also leverage others. LinkedIn is

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another one that you've mentioned what we
do about without those, So essentially we

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wouldn't have a business pretty much without
at least those couple of ones. But

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we also leverage Google, plots and
other mediums to reach our audience. Well,

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let's let's make sure that our listeners
can find you. Then let's what

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are your handles on those on those
social media So what's your Twitter handle?

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So our organization iotvold hand this IoT
underscore World and that's and then my personal

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one is at forgros at f O
g O r O s okay. And

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then what about the other platforms.
And then if a look at the LinkedIn

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basically on my personal one that went
some exponential growing U basically LinkedIn dot com

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for slash in four slash for growth, and we do the same for IoT

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world, okay. And also both
of the easiest way to find them is

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from our website. It has pretty
much all our social media. Our website

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is www dot iiotdshworld dot com.
Yep. And I'll say that again at

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the end of the show for those
people that didn't write it down. Okay,

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Well, the next thing I want
to I want to talk about here

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is and I can help it because
I have a been a person who's been

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researching how people find meaning in their
work and how it's related to who they

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are for years. And of course
in the middle of all that is this

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little thing called motivation. What I
know about what you're up to here is

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that it takes a lot to create
an organization the way that you are,

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you and your co founder are,
So what keeps you motivated? There's a

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number of things that kids. I'm
always interested in learning new things. Certainly,

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I'm always connected, whether of course
I try to stay away when when

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I'm in front of my daughter from
from from a phone, but for the

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most part, the phone is there
nearby. And this application where the LinkedIn

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Twitter, our site, email is
always what motivates me. Is is learning

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new things, and of course coupling
with the love traveling. So now and

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then there may be a little bit
running low on the motivation I do engage

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into a travel, to join a
conference and so on. M I'm really

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glad to hear you say that,
because I think and I always tell people

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that I'm coaching it's just so important
to plug in to a social community to

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keep you inspired, connected, learning, supported, have resources for I'm really

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glad to hear you say that,
Luchon, that's great, really important.

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As you're commenting that, it just
occurred to me that actually what also defines

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me that never looked at it that
way, that I'm passionate about helping people

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and in the center of community here
the parish that I attend, or what

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are a little in that organization.
So I love helping people. That's also

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another thing that I think it's a
motivation. I get, if you will,

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motivation from helping people excellent well,
and even when you think about what

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you're doing providing a digital media outlet
for people, I mean that is it's

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it's absolutely a form of help,
except that you're doing it too well,

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not except and that you're doing it
for the masses. Correct. Okay,

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Well, speaking of that, one
of the other things I really wanted to

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get to here is you know,
I know that your whole organization exists to

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educate and help people understand what's behind
in the media hype around the industrial Internet

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of things. And so you already
said when you think about there's billions of

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devices connected, there's I think you
mentioned the dollar piece of it. But

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I think I've heard things like trillions
of dollars, et cetera. So I

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want to hear more about that.
What hype are you talking about and how

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do you actually help correct? So
I've had the opportunity prior to launching IoT

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World to travel on the world a
couple of times on behalf of a large

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industrial company and depending on what media
type of what people are talking to,

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the hype of new value created,
depending on if you listen to as much

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as one point for thrillion dollars a
new value created. But it's IoT World

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of IoT love to have ioty world
whom in the industrial internetings and it occurred

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that that basically a lot of people
at a sea level are some scared they

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know something the biggest coming, they
don't know what to start. And we

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basically said, well, with the
twenty years industrial software background, that basically

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still look at the industrial in things. It's it's an evolution versus a revolution

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like the IoTs. And we can
talk more about that. But the evolution

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because over the four decades of investment
in industrial our mination of connecting things,

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it just so happens that now various
factors play are all into accepting this.

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So having said that, why now, what's really new around that? And

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if you ask people that are early
adopters of the technology, you'd find that

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that there is no brainer. They
know how to calculate or illustrate the ROI.

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If you if you get some of
the skeptics, incumbents and some of

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the industrial companies, and they ask
the question skeptically, the way I respond

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is, think about what you could
do in your organization, and is the

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cost of hardware as the cost of
how whether there's a sensor or whether it's

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a computer, or the cost of
data as approach to a zero or even

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more so we can talk about the
business model change. One of the reasons

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that I was interested in having you
on the show, Lucian, is kind

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of what you allude to me when
you mentioned, you know, CEO is

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maybe being frightened a bit or scared
a bit about this whole thing. And

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I wanted to presence this for people
because people are afraid of technology. They're

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afraid of automation. You know,
it's because they think that it's going to

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take away jobs, and there's all
there's all kinds of well, as you

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say, hype about that, So
that was one of the big reasons I

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wanted to have you on is to
help us help educate us as to what

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is this, what's the opportunity.
So one of the other things I'd love

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to hear you talk about, and
you already mentioned this notion of ROI,

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is just to kind of get us
thinking about how this is being used and

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what's the benefit of IoT. Where
is maybe a few places or one place

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that you're seeing the fascist return for
like a manufacturing company investing in IoT.

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That's actually a fantastic question, and
we have plenty of case studies on IoT

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world website that basically illustrate it.
So I appreciate the qualification the UOY for

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manufacturing because what the roy for manufacturing
may be different for a city like let's

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say Port, for like Port equivaland
or Port of Los Angeles. It may

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also be different than a water and
wastetar facility, or it may may be

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actually different for an oil and gas
company. So in terms of the manufacturing,

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what I've observed and working in the
field and over the last twenty years,

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but also more so recently as I've
focused on just the industry and things,

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the one of the low hanger food
is really predictive maintenance. Certainly if

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you look at the city, there's
other seeing my plugging a small sensor as

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00:17:04.039 --> 00:17:14.519
well as uh basically a plugging the
website for tracking the weather whether you irrigate

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or not. Those are also things
for others. There's a different roy for

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various industry, but I who focus
on manufacturing the predictive maintenance of things could

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help quite a bit because let's say, for instance, if you're a automotive,

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it could cost as much as twenty
two thousand dollars per minute the downtime.

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So if you factor they're in it's
it's so easy to say I'm going

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to try this solution or this potential
predictive maintenance opportunity. Because I could set

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this this amount, it's very easy
to convince to make a business case like

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that. Thank you for helping us
presence that. I do want to talk

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a bit more about that. Although
here we are already can you believe it,

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we're on our first break. It
happens so fast. I'm your host,

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Alice Cortez. We've been on the
air with Luchen Fogoros, who is

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the co founder and managing director of
iiotworld dot com, which is a digital

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media outlet that covers the economic and
technological implications of the transformation taking place as

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IoT proliculates throughout the enterprise. IoT
World combines journalistic coverage with data analysis to

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expose the stories, players, trends, and innovations that shape the IoT.

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He joins us today from Cleveland,
Ohio. We've been talking a bit about

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his background and actually what is what
is the Internet of Things? And a

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little bit now about how about the
hype that surrounds it and of course the

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ROI that can be had. After
the break, we're going to get a

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little bit more deep into the conversation
and think about how it can be applied

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within organizations and business. Stay with
us, We'll be right back. Friend

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00:19:02.079 --> 00:19:06.519
us on Facebook to keep up with
what's empowering the world. Voice America Empowerment

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00:19:07.480 --> 00:19:12.720
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She will help ignite meaningful development within
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This is Working on Purpose with Elise
Cortez. To reach our program today,

259
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please call into one triple eight three
four six nine one four one.

260
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Again that's one triple eight three four
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also send an email to Elise ali
se at Elise Cortez dot com. Now

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00:21:15.920 --> 00:21:22.119
back to Working on Purpose. Thanks
for staying with us, and welcome back

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00:21:22.119 --> 00:21:25.880
to Working on Purpose if you're just
joining us. My guest is Lucian Fogoros,

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who as the co founder and managing
director of iiotworld dot com, which

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is a digital media outlet that covers
the economic and technological implications of the transformation

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taking place as IoT proliferates throughout the
enterprise. IoT World combines journalistic coverage with

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00:21:41.640 --> 00:21:45.200
data analysis to expose the stories,
players, trends, and innovations that shape

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the IoT. IoT World has recently
been ranked by k Core Analytics as the

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number one influencer on several topics such
as the industrial Internet of Things, smart

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manufacturing, SKATA or SKATA and is
actually a head and if such companies like

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00:22:00.000 --> 00:22:06.599
IBM and GE really impressive. I'm
your host all these Cortez. So before

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the break, we were talking just
a bit about just presencing what is this

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thing the Internet of things and what
is the industrial internet of things? And

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talking a bit about ROI, etceter. When people, when organizations do invest

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in this here next in this,
in this conversation, this segment, if

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we can luch on, I want
to start thinking about really apply applying it

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a little bit more deeply for folks, taking it out of that constant,

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that abstract place and putting it more
into the concrete. So you and I

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were talking in the phone, and
of course I've read this that we've talked

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00:22:34.880 --> 00:22:38.720
that the Internet of things will disrupt
any industry, and you said earlier you

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00:22:38.720 --> 00:22:42.839
started to talk about this and it
comes not only from the cost of hardware

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or software data approaching zero, but
also the business model. Can you expand

283
00:22:48.680 --> 00:22:55.880
on this both all of those things
for us? Correct, So the opportunity

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in my mind, and again this
is the way that we've kind of left

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00:22:59.839 --> 00:23:03.440
it is asking yourself what can you
do in organization as as the cost of

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harder standing that day has approached in
zero, but even more important what can

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you do in organization as the business
model changes from a large capital expenditure for

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for industrial company to a monthly credit
card expenditure. And there's the saying nobody

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got fired from using General Electric,
using Honeywell or Rock or Reever Large industry

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or Schneider Electric for the reason yet
trying now this this type of a model

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of a credit card could actually provide
a great opportunity for some of the smaller

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players. And it does. We've
seen data and case studies that it does

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00:23:45.359 --> 00:23:49.799
show opportunity for smaller player that eats
the launch of a lunch of a large

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player on that. So if you
look at from the opportunity in an organization,

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whether it's a manufacturing we've we've shown
some example, we've talked about some

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examples, but also in c or
a oil and gas facility. UH,

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it provides the massive amount of data
that can be collected as as we are

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able to collect the data and more
important, making sense of that data.

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It's basically creating dress reduction costs.
So whether it isn't manufacturing or it's a

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cre able to reduce the cost or
doing things with fewer resources because they are

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connected, there is for instance,
a elevator company, and there's plenty of

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case studies on that. That's leveraging
Google Glass to offer the most technical assistance.

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The same thing leveraging Google Glasses to
bafore instructions on how to FU you

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equip in the technician to resolve problems
and faster. So if you look at

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that, for instance, other industry, let's say healthcare, what what how

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would your your experience the once a
year or however many, however often you

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go to your routine to your family
doctor, if you have a way to

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get all of your essentials logged on
a daily basis and they can just review

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it, they can see a trend. I happen to be an engineer by

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background. Then when I've taken my
mother to the cardiologists and I've showed four

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months worth of data on the the
things that I was recording with an arm

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run basically just taking the blood pressure, she usually spots the spot of that

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she has hypertension, So she was
able to diagnose that. What if you

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can pull that data out of the
phone. There's a low hanging fruits transportation.

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You know, it wouldn't be nice
if as you're you're already entering the

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data to a Google map or whatever
your map you're using for directions to also

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tell you that, hey, you
might want to part close the terminal be

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because there's thirty minutes less waiting time, there's a less of a queue in

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line there. Grocery shopping could be
as you have your grocery on your electronic

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list, Let's say it does a
quick evaluation and say instead of going to

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Costco or wherever grocery shop, the
store A you may want to choose to

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go to this based on this particular
list. It may provide you a different

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suggestion for that. So again,
if you what we can go on and

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on about this type of industry industry, but the connected, the fact that

325
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we are connected to leveraging other data
available basically can make a better and more

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00:26:57.240 --> 00:27:02.960
informed decision, whether as a consumer
or a business owner or industrial company.

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I really appreciate how you how you
describe that, Luchon, I really got

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00:27:07.759 --> 00:27:14.279
a lot more present to know how
this works and why and why people would

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00:27:14.319 --> 00:27:18.200
actually invest in it. And speaking
of that, one of the things that

330
00:27:18.240 --> 00:27:19.240
you said to me on the phone, and I think I've read it on

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your site somewhere, and one of
your One of the stories is you have

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already mentioned something about the cost piece
of this here, but why does it

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no longer take such a large investment
to achieve automation. I have to go

334
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back a number of years. When
I started my career, there was industrial

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computers, for instance, that would
cost as much just twenty thousand dollars.

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Today you can leverage and control of
that does thirty five thousand and basically does

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00:27:47.839 --> 00:27:52.519
almost the same thing. We can
get a tablet. Because of the industrial

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00:27:52.559 --> 00:27:55.279
setting, you need to be concerned
with vibration, to be concerned with the

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00:27:55.319 --> 00:27:57.559
oils, You need to be concerned
with the water. You can wash that

340
00:27:57.640 --> 00:28:03.119
thing down a particular computer. That
same computer at that time cost twenty twosdan.

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00:28:03.240 --> 00:28:04.920
We can also leverage a tablet.
It has a touch screen and it

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00:28:04.960 --> 00:28:08.839
has in addition to all the things
that twenty years acre you're doing, now

343
00:28:08.920 --> 00:28:12.880
you're actually doing with a thousand dollars
tablet in an enclosure box that has water

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00:28:12.920 --> 00:28:18.680
resistance and by the way, could
have four cents as they could send temperature,

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you could send humidity from from the
particular tablet and store this somewhere.

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So let's say, for instance,
if if some union comes after a particular

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facility because they didn't maintain the temperature
too much, humidity and so on,

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they could actually prove that hey,
on daily basis of temperature was within this

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temperature and that temperature and so on. So there's betting opportunities. So why

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does it cost less today? Many
factors certainly talked about hardware and day are

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being sent it. It's different.
But also because the business model, I

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00:28:53.960 --> 00:29:00.200
think this is an area that some
of the incumbent large players are I know

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00:29:00.279 --> 00:29:03.920
to get on a bandwagon. Is
because it's changed from making a large investments

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that it would would take basically a
capital expenditure many approvals to now giving the

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00:29:11.839 --> 00:29:14.799
power to someone to do use a
credit card, you try a solution.

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00:29:14.839 --> 00:29:19.960
There are vendors. They will even
give software hardware solutions in exchange of having

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a monthly approach. And by the
way, it can be canceled over x

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00:29:25.160 --> 00:29:29.480
amount if it doesn't sit the solutions. So where in the past it used

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00:29:29.519 --> 00:29:33.680
to be available to a few they
had large money to invest, Now even

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let's say a bakery, then they
have a three or four locations you could

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leverage the technology. They could be
scheduled out over on a monthly payment to

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do that. Let me make sure
I'm understanding and make sure that lands really

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well and crisply for our listeners as
well, who may have less exposure to

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this than the new Dealer cert than
I do, so in terms of the

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00:30:00.079 --> 00:30:04.839
lower investment. So part I think
what you're also describing and presencing for us

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is that instead of having to use
a piece of hardware that we own or

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a piece of software that we own, we have access to this kind of

368
00:30:12.720 --> 00:30:17.200
technology through software as a service or
through the cloud. Is that what you're

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00:30:17.240 --> 00:30:21.079
saying, there's good parts amout a
fact that that has happened, correct,

370
00:30:21.160 --> 00:30:26.039
In addition to the fact that over
the last few years the technology improved and

371
00:30:26.160 --> 00:30:30.160
performance, yet the cost is less
and less. We can do more things

372
00:30:30.200 --> 00:30:34.720
on a smaller devices and hence that
got its way into the industrial setting as

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00:30:34.759 --> 00:30:38.759
well. Okay, thank you,
thank you, thank you. Okay,

374
00:30:38.839 --> 00:30:42.240
Well, now I think I can
even I feel even better about asking you

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00:30:42.279 --> 00:30:45.400
this question. I want this is
something that I had planned to ask you,

376
00:30:45.440 --> 00:30:49.359
but because it's part of your tagline. But you you mentioned and talk

377
00:30:49.519 --> 00:30:52.920
on your site and then some of
the things that you say, but that

378
00:30:52.039 --> 00:30:56.400
your goal of your organization is to
accelerate the rate of adoption of the industrial

379
00:30:56.400 --> 00:30:59.000
Internet of Things. And I'm starting
to get clear as to why you do

380
00:30:59.039 --> 00:31:02.640
that, but say a bit more
about that, And I do also want

381
00:31:02.640 --> 00:31:04.880
to talk a bit more. You
mentioned in the last segment about the low

382
00:31:04.880 --> 00:31:10.920
hanging fruits in the area predictive maintenance. So first, why is your organization

383
00:31:11.039 --> 00:31:18.480
set on accelerating the adoption of IoT? We felt that with both a passion

384
00:31:18.599 --> 00:31:26.079
to educate by in addition to have
been working in the industrial automation evolved now

385
00:31:26.119 --> 00:31:30.359
in the industrial of things, I've
had the opportunity to teach at Cleveland State

386
00:31:30.440 --> 00:31:36.519
University, in addition to being or
volunteering for opportunity to teach in corporate how

387
00:31:36.839 --> 00:31:41.039
to use software. And so basically
I'm passionate about helping others. Now in

388
00:31:41.119 --> 00:31:48.200
terms of the rate of adoption.
How is our organization doing that? And

389
00:31:48.640 --> 00:31:52.960
we've we've we've done a few things
that are different than a trade magazine,

390
00:31:53.200 --> 00:31:57.440
and one of them, instead of
basically hiring let's say, journalists to write

391
00:31:57.480 --> 00:32:06.279
stories interview the people, we're inviting
the visionaries, the top level, sea

392
00:32:06.359 --> 00:32:10.200
level folks for around the world to
come and share their vision about the industry

393
00:32:10.240 --> 00:32:14.559
e things, not to sell their
company, not to sell their story of

394
00:32:14.559 --> 00:32:19.799
their company, but really to say, what do you see as opportunities for

395
00:32:19.880 --> 00:32:24.599
this, and whether that's a vendor
for industrial software hardware or cybersecurity, industrial

396
00:32:24.640 --> 00:32:30.440
cybersecurity, or that's basically an end
user that would like to get more spotlight

397
00:32:30.480 --> 00:32:37.400
on youurization like the ci oganization that
managed to be an early adopter. We

398
00:32:37.519 --> 00:32:43.559
invite them to share their story and
share their case study on our website.

399
00:32:43.640 --> 00:32:47.440
And we've created a platform from all
these players like over one hundred I think

400
00:32:47.640 --> 00:32:51.359
last time I checked, and we're
just about to do another stats on that,

401
00:32:51.440 --> 00:32:54.559
but over one hundred and fifty two
partnerships and contributors from around the world

402
00:32:54.640 --> 00:32:58.799
to share their story on how to
do that. So again, just changing

403
00:32:58.839 --> 00:33:01.799
the model. I think Peter damond
Is refers to this, I learned later

404
00:33:01.880 --> 00:33:08.640
on about three months or four months
after I've started the website, refers to

405
00:33:08.720 --> 00:33:15.960
democratizing the obviously or the side by
basically saying you don't have to pay for

406
00:33:19.519 --> 00:33:22.720
somebody to write the story. You
invite those people to do that. So

407
00:33:24.319 --> 00:33:28.200
thank you for that. That helps
so much, and I really appreciate the

408
00:33:28.200 --> 00:33:31.119
way that you shared that. Yeah, And I also what I also appreciate

409
00:33:31.200 --> 00:33:35.240
is that just the way that you
said that last piece inviting people to share

410
00:33:35.279 --> 00:33:37.559
their stories and yet look at this
beautiful platform that you've created to do just

411
00:33:37.680 --> 00:33:42.559
that. I just really appreciate what
you're doing. And again, a big

412
00:33:42.559 --> 00:33:45.039
reason I wanted to have you on
the show, Lucon is because I think

413
00:33:45.039 --> 00:33:49.319
people are very very frightened of what
they don't understand. They don't understand the

414
00:33:49.319 --> 00:33:52.119
Internet of things, they don't understand
artificial intelligence, Right, That's one of

415
00:33:52.160 --> 00:33:57.599
the things that I've been very intrigued
with, and so I'd like to see

416
00:33:57.599 --> 00:34:00.960
if you could maybe talk to us
a bit about that particular topic, especially

417
00:34:00.960 --> 00:34:05.599
if if if it's something I've actually
heard talk about innovative artificial intelligence. So

418
00:34:06.079 --> 00:34:07.599
I'd like it if you could share
a little bit about what's going to be

419
00:34:07.679 --> 00:34:14.239
maybe one of some of the bigger
challenges or challenge with introducing innovative artificial intelligence

420
00:34:14.320 --> 00:34:16.599
and actually getting people to buy it, be not be afraid of it,

421
00:34:16.639 --> 00:34:22.960
to be confident of it. Sure, so of course there is there is

422
00:34:22.079 --> 00:34:28.360
a couple of areas that is a
fear of technology. And then a second

423
00:34:28.519 --> 00:34:35.679
part of the week talk is gaining
public's confidence, and I think that we're

424
00:34:35.719 --> 00:34:40.840
at the point that both technology as
well as public is getting acceptance and market

425
00:34:42.760 --> 00:34:46.440
acceptance. A couple of weeks ago, we've We've given a personal example,

426
00:34:46.840 --> 00:34:54.360
purchased a super Crosstic I believe,
and as I was taking the baby daughter

427
00:34:54.480 --> 00:35:00.519
to to to the kindergartenen or daycare, I've noticed my wheel was actually trying

428
00:35:00.559 --> 00:35:04.840
to keep me in line as you
was trying to ask for something and so

429
00:35:04.960 --> 00:35:08.800
on, and essentially has a safety
feature that keeps you on line. So

430
00:35:08.840 --> 00:35:15.320
it's already in some of our newest
card supports we had that the spot on

431
00:35:15.840 --> 00:35:22.000
senders and so on. But if
you think of of companies such as Tesla

432
00:35:22.159 --> 00:35:27.440
for instance, that basically building the
new car with the technology, with the

433
00:35:27.480 --> 00:35:34.800
software that allows you to have the
to leverage Uber as an autonomous car,

434
00:35:35.079 --> 00:35:37.599
providing that we get acceptance with the
legal and so on. But think about

435
00:35:37.599 --> 00:35:43.320
it just having a death technology in
a card to do that. As I

436
00:35:43.400 --> 00:35:46.800
was driving back from from dropping out
my daughter, I know I tried testing

437
00:35:46.800 --> 00:35:49.920
this thing. Of course, there
was nobody on the highway at the time

438
00:35:50.039 --> 00:35:53.239
was around send a cloud for very
few people, but by just seeing if

439
00:35:53.280 --> 00:35:57.800
indeed it keeps me in line and
so on. So those are the things

440
00:35:57.880 --> 00:36:06.159
that are some of the nearby vest
An expert. While at the Automy Show

441
00:36:06.159 --> 00:36:13.000
in Chicago, very large. They
had the best attendance earlier this year in

442
00:36:13.119 --> 00:36:20.920
Chicago ever, and they've honored a
couple of folks that basically are the top

443
00:36:21.000 --> 00:36:24.719
in the field of artificial intelligence.
One of them was doctor Russell daniela Roussel

444
00:36:24.760 --> 00:36:32.960
from Mike. She heads up the
the artificial intelligence group there and I've asked

445
00:36:34.000 --> 00:36:38.719
her, how soon do you see
this reality to have autonomous vehicles or are

446
00:36:38.719 --> 00:36:44.000
we ready? What's the infrastructure needed? And her response was we're ready today,

447
00:36:45.079 --> 00:36:51.920
providing that we are in smaller cities
with smaller campuses with twenty five miles

448
00:36:51.920 --> 00:36:55.519
per hour or less, with the
infrastructure that we have today. So I

449
00:36:55.559 --> 00:37:00.320
think it's just amount of time they
were doing. There's other work that for

450
00:37:00.360 --> 00:37:05.000
instance, doctor Roden Brooks from Reaching
Robotics. He was also the former chairman

451
00:37:05.039 --> 00:37:10.760
of the m Ike's who he's been
working for overlasque seven or years to bring

452
00:37:10.960 --> 00:37:19.679
robots main collaborate robots at the price
point under ten thousand dollars. It's it's

453
00:37:19.719 --> 00:37:23.840
it's changing the way we think with
you know, work and so on.

454
00:37:25.440 --> 00:37:29.239
At the same show in Chicago Versus
there was a there was a robot that

455
00:37:29.360 --> 00:37:34.199
was walking around the around the people, avoiding people, collision and so on,

456
00:37:34.440 --> 00:37:42.159
and by the way, had a
connected to the IBM Watson. Especially

457
00:37:42.440 --> 00:37:45.800
now, think about what that could
do to let's say a large YouTube concert

458
00:37:45.960 --> 00:37:51.800
or a stadium full of people,
or a museum that you'd have, if

459
00:37:51.800 --> 00:37:54.519
you will, a robot that would
answer back and just find things you'd asked

460
00:37:54.559 --> 00:37:58.880
the question and so on, but
also guide you to the proper See.

461
00:38:00.760 --> 00:38:02.400
Oh, that's wonderful. And I
want to say a little bit more about

462
00:38:02.440 --> 00:38:05.920
that when we come back. We'll
take a breaker in just a second.

463
00:38:05.960 --> 00:38:08.639
But part of the reason that I'm
so fascinated with the idea of the Internet

464
00:38:08.679 --> 00:38:13.960
of things, the industrial innetive things, artificial intelligence, is because I am

465
00:38:14.159 --> 00:38:20.159
very interested in seeing and helping people
see how that can actually help them change

466
00:38:20.199 --> 00:38:24.880
the way they work in a better
way. If if we can use innovation

467
00:38:24.960 --> 00:38:29.960
and technology and artificial intelligence to remove
some of those kinds of tasks that are

468
00:38:30.000 --> 00:38:32.480
maybe not as fulfilling for us,
and we get to do something higher level

469
00:38:32.559 --> 00:38:37.239
and more creative. I think that
would be really interesting. So it's one

470
00:38:37.239 --> 00:38:39.440
of the many reasons I wanted to
have you on the show, and we'll

471
00:38:39.440 --> 00:38:44.199
talk more about that after the break. It's already time. I'm Elise Cortez,

472
00:38:44.199 --> 00:38:45.760
your host. We've been on the
air with Luchon Forgros, who is

473
00:38:45.800 --> 00:38:51.880
the co founder and managing director of
the Iotworld dot com, which is a

474
00:38:51.960 --> 00:38:57.239
digital media outlet that covers the economic
and technological implications or the transformation taking place

475
00:38:57.320 --> 00:39:02.519
as IoT proliferates throughout the enterprise.
IoT World combines journalistic coverage with data analysis

476
00:39:02.559 --> 00:39:07.360
to expose the stories, players,
trends, and innovations that shape the IoT.

477
00:39:07.920 --> 00:39:10.119
He joins us today from Cleveland,
Ohio. After the break, we'll

478
00:39:10.159 --> 00:39:16.559
talk more about some of the opportunities
and questions surrounding IoT. Stay with us,

479
00:39:16.639 --> 00:39:31.599
We'll be right back. Friend us
on Facebook to keep up with what's

480
00:39:31.639 --> 00:39:38.920
empowering the world. Voice America Empowerments
Alice Cortez is a speaker and engagement and

481
00:39:39.039 --> 00:39:45.000
development catalyst. She designs and delivers
professional development, leadership and engagement workshops and

482
00:39:45.159 --> 00:39:50.920
can bring her expertise to your organization. She will help ignite meaningful development within

483
00:39:51.000 --> 00:39:55.039
your workforce that will increase employee engagement, performance and retention. To learn more

484
00:39:55.280 --> 00:39:59.679
or to invite a last to speak
to your organization, please visit her at

485
00:40:00.000 --> 00:40:05.280
www dot Elise Cortez dot com.
She would welcome the opportunity to help get

486
00:40:05.320 --> 00:40:19.400
your employees working on purpose. The
Girl on the Stones as Big Acy,

487
00:40:20.039 --> 00:40:24.280
get inspired, encouraged and connected on
our Lively Award winning Healthy Living power our

488
00:40:24.639 --> 00:40:30.480
Star Style Be the star you are
with host and empowerment architect Cyndia Brien live

489
00:40:30.639 --> 00:40:36.199
every Wednesday at four pm Pacific on
the Voice America Empowerment Channel. Tune into

490
00:40:36.199 --> 00:40:39.679
the Power Party for positive, uplifting, life changing talk radio. Visit Star

491
00:40:39.760 --> 00:40:57.000
Style Radio dot com. You Lange, We're making it easier to listen to

492
00:40:57.079 --> 00:41:00.440
the Voice American Talk Radio Network wherever
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493
00:41:00.599 --> 00:41:04.719
you can check out information about your
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494
00:41:04.800 --> 00:41:07.880
talk show personalities at shows, to
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495
00:41:08.079 --> 00:41:13.880
all our show archives on demand,
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496
00:41:14.039 --> 00:41:17.559
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497
00:41:17.760 --> 00:41:22.800
get ready to tune in the Voice
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498
00:41:23.519 --> 00:41:37.000
Follow us on Twitter for more great
ideas at Voice America Empowerment. This is

499
00:41:37.280 --> 00:41:42.079
Working on Purpose with Elise Cortez.
To reach our program today, please call

500
00:41:42.159 --> 00:41:45.679
in to one triple eight three four
six nine one four one. Again that's

501
00:41:45.719 --> 00:41:51.039
one triple eight three four six nine
one four one. You may also send

502
00:41:51.079 --> 00:41:58.360
an email to Elise ali Se at
Elise Cortez dot com. Now back to

503
00:41:58.679 --> 00:42:05.480
Working on Purpose. Thanks for staying
with us, and welcome back to Working

504
00:42:05.559 --> 00:42:08.079
on Purpose if you're just tuning in. My guest is Lucian Fogoros, who

505
00:42:08.199 --> 00:42:13.559
is the co founder and managing director
of iootworld dot com, which is a

506
00:42:13.679 --> 00:42:19.280
digital media outlet that covers the economic
and technological implications of the transformation taking place

507
00:42:19.400 --> 00:42:24.440
as IoT proliferates throughout the enterprise.
IoT World combines journalistic coverage with data analysis

508
00:42:24.519 --> 00:42:29.840
to expose the stories, players,
trends, and innovations that shape the IoT.

509
00:42:30.639 --> 00:42:35.480
IoT World has recently been ranked by
k Core Analytics as the number one

510
00:42:35.559 --> 00:42:39.280
influencer on several topics such as the
industrial Internet of Things, smart manufacturing,

511
00:42:39.360 --> 00:42:44.559
and SKATA, and is ahead of
such companies like IBM and GE. Very

512
00:42:44.599 --> 00:42:49.039
impressive. I'm your host, Alice
Quartez, So before the break, Luchon,

513
00:42:49.079 --> 00:42:52.239
we're just starting to talk a little
bit about how some of this artificial

514
00:42:52.320 --> 00:42:54.920
intelligence starts to change the way that
we work, and of course people get

515
00:42:55.000 --> 00:43:00.239
scared of that because it's want.
It's the big C word change, and

516
00:43:00.320 --> 00:43:02.119
we get worried about that, and
it means we don't know what's coming.

517
00:43:02.239 --> 00:43:07.079
And so one of the other reasons
that I'm very interested in this particular topic

518
00:43:07.199 --> 00:43:10.440
of the Internet of things, industrialnet
of things, and artificial intelligence is I'm

519
00:43:10.559 --> 00:43:15.760
very interested about how the workplace is
going to be able to change, to

520
00:43:15.840 --> 00:43:20.519
be able to adapt to this kind
of evolution, as you said earlier,

521
00:43:20.840 --> 00:43:23.519
and what it means for how people
get to engage in their work and hopefully

522
00:43:23.599 --> 00:43:28.800
a more meaningful way. And I
mentioned you on the break that I was

523
00:43:28.880 --> 00:43:32.760
reading a Wall Street Journal article about
an organization that is, it's an energy

524
00:43:32.840 --> 00:43:37.480
firm. In their treasury department,
they're actually employing a robot named Roberta.

525
00:43:37.719 --> 00:43:42.760
She's called Roberta, and her job
is to search for missing payment information and

526
00:43:42.840 --> 00:43:45.880
send out reminders. Who would want
to do that kind of work? I

527
00:43:45.920 --> 00:43:47.760
mean, forgive me if somebody out
there in the listening audience does that work.

528
00:43:47.800 --> 00:43:52.159
And you love it. That's fantastic. Then you just go to a

529
00:43:52.239 --> 00:43:57.440
firm who doesn't have Roberta working for
them, right. But I appreciate what

530
00:43:57.559 --> 00:44:01.280
we're what we're presencing for our listeners
about the possibility of what we can what

531
00:44:01.400 --> 00:44:05.719
we can do with the Internet of
Things and the industrinet of things and artificial

532
00:44:05.760 --> 00:44:12.119
intelligence when we actually embrace it.
This is a comment on that. As

533
00:44:12.679 --> 00:44:19.840
we started as company, we came
across a similar robot, if you will,

534
00:44:19.960 --> 00:44:24.079
that essentially not only sends the invoices, but also reminds them that pay

535
00:44:24.639 --> 00:44:29.519
this in which has a deep paid
your X amount of days late. And

536
00:44:29.800 --> 00:44:34.440
by the way he manages the payments
electronically and so on, that could change

537
00:44:34.480 --> 00:44:38.159
the way some of the banks is
doing wired transferers and cost a lot of

538
00:44:38.239 --> 00:44:43.480
money. Sometimes it's poor visibility into
where they come from until you get the

539
00:44:43.519 --> 00:44:46.599
paper statement and so on. Well, going back just quickly on this,

540
00:44:46.880 --> 00:44:51.480
I am since I've been researching how
people experience meeting and their work for over

541
00:44:51.559 --> 00:44:54.400
fifteen years, and that actually that
research effort is now the next step is

542
00:44:54.480 --> 00:44:59.800
writing the book about those results.
What I generally find is that the higher

543
00:45:00.119 --> 00:45:02.440
level order of things that people experience
in their work. When they get into

544
00:45:05.000 --> 00:45:07.000
you know, the people connection,
they get into the use of their minds,

545
00:45:07.280 --> 00:45:12.760
they get into into purpose and values. Those things tend to connote higher

546
00:45:12.840 --> 00:45:15.840
level meaning and higher level engagement.
So if we can remove some of the

547
00:45:15.519 --> 00:45:22.159
you know, the route interaction that
doesn't require thinking too much. I think

548
00:45:22.280 --> 00:45:23.920
for the most part, people aren't
really going to win because they're going to

549
00:45:24.039 --> 00:45:30.400
have higher level order skills being tapped
to do their work anyway. So that's

550
00:45:30.440 --> 00:45:34.599
just that's I'm I'm pondering on that
topic because to me, that's how it's

551
00:45:34.639 --> 00:45:37.519
related to my research. All right, So the next thing I wanted to

552
00:45:37.559 --> 00:45:40.639
ask you related related to what you
said already before. There was a comment

553
00:45:40.719 --> 00:45:45.280
about what you mentioned all the different
devices. Now that in the beginning of

554
00:45:45.320 --> 00:45:49.000
the show, Luchon you're you're talking
about how you know, the Internet of

555
00:45:49.079 --> 00:45:53.079
things connects devices, and what we
also know is that there are a rapid

556
00:45:53.199 --> 00:45:58.400
number of the pace at which these
things are being introduced into the marketplace is

557
00:45:58.559 --> 00:46:02.440
is incredible. So one of the
first things that probably we have to ask

558
00:46:02.679 --> 00:46:07.880
is how are companies addressing the security
considerations when this big mad rush to get

559
00:46:07.880 --> 00:46:12.840
their products to market? Thank you
for that. That's a that's a great

560
00:46:12.920 --> 00:46:16.239
question, and there's a lot to
talk about it. But it's also aligned

561
00:46:16.320 --> 00:46:21.719
with the way we started to get
traction into this, and I'm going to

562
00:46:21.760 --> 00:46:27.199
focus on industrial fiber security portion of
it, not the consumer portion. There's

563
00:46:27.199 --> 00:46:30.079
a lot to be talked about the
consumer. But in the industrial settings when

564
00:46:30.199 --> 00:46:36.039
things were let's say when the first
people seals into the late sixties and the

565
00:46:36.159 --> 00:46:42.639
seventies, and most of the automation
was isolated islands, and depending on the

566
00:46:42.719 --> 00:46:50.320
level automation, companies introduced the connector
anywhere from the machine to offer remote visibility

567
00:46:50.320 --> 00:46:54.320
into the machine, to offer interface
with the electronic source planning and so on.

568
00:46:55.679 --> 00:47:05.360
There is obviously there opened the door
for vulnerabilities. And I divide this

569
00:47:05.639 --> 00:47:09.039
era of industrial cyber security into two. I call it the BS era,

570
00:47:09.199 --> 00:47:15.639
the before stocks nets, before stocks, before the two ten virus and on

571
00:47:15.719 --> 00:47:22.840
the Iranian center shuge nobody took seriously
about security. Yeah, there we were

572
00:47:22.920 --> 00:47:27.079
safe because it's a separate network.
There were three companies that got acquired by

573
00:47:27.159 --> 00:47:30.239
large players. And now just in
January as we launched this, as we're

574
00:47:30.280 --> 00:47:36.320
looking to launch, we do the
research on who is who who addresses the

575
00:47:36.400 --> 00:47:40.920
industrial cybersecurity and cyber CBI insight.
You're offering about seven hundred different companies that

576
00:47:42.000 --> 00:47:46.840
were focusing to address this problem cybersecurity, and maybe a pout of thousand to

577
00:47:46.960 --> 00:47:54.599
sixteen of them they're focusing primarily on
critical infrastructure and manufacturing, on industrial settings,

578
00:47:54.679 --> 00:48:00.280
the sixers problem. And there's machine
learning, meaning you plug inside something

579
00:48:01.000 --> 00:48:07.840
into the network and he learns over
the course of a period of time about

580
00:48:07.920 --> 00:48:15.719
what's normal and then basically provides abnormalies
to a specialized worker to address intrusions and

581
00:48:15.800 --> 00:48:20.119
so on. Now, if it
stopped there for a little bit, to

582
00:48:20.480 --> 00:48:23.440
continue on the industry feel, but
let's take it to somewhere that the consumers

583
00:48:23.480 --> 00:48:30.719
the walmarts, for instance, imagine
uh is standing in line and maybe around

584
00:48:30.760 --> 00:48:35.840
the holiday, there's fifteen twenty people
and you're got x amount of people in

585
00:48:35.920 --> 00:48:38.119
front of you as you're going to
check out. Based on a transaction it

586
00:48:38.239 --> 00:48:45.119
takes to to walk out and check
out, it may estimate takes twelve minutes

587
00:48:45.159 --> 00:48:47.000
and so on. But if the
folks that are in charge of that,

588
00:48:47.199 --> 00:48:52.000
they could allocate more people. For
instance, a solution around that could be

589
00:48:52.800 --> 00:49:00.280
let's say offering a one, so
we should be let But there are network

590
00:49:00.360 --> 00:49:05.119
monitors like spat Secret for instance,
they offer blogging a network a monitor that

591
00:49:05.239 --> 00:49:10.800
would basically monitor over a million interfaces
in every sixty seconds, so essentially it

592
00:49:10.920 --> 00:49:17.920
discovers so the potential client can basically
understand what's on their network and how their

593
00:49:19.000 --> 00:49:23.119
network performs, and near real time
they can make better decision to allocate research

594
00:49:23.199 --> 00:49:30.119
and so on. No, I
incredibly appreciate that, and I also think

595
00:49:30.159 --> 00:49:32.840
that when we start talking about things
that our everyday lives can touch, like

596
00:49:32.960 --> 00:49:37.400
standing in line at a grocery line, it's even easier for people to start

597
00:49:37.480 --> 00:49:39.920
to gain access to this. So
thank you for that real world, simple

598
00:49:40.000 --> 00:49:45.280
example for us. I want to
take the conversation next if we can luch

599
00:49:45.400 --> 00:49:46.599
on. Now we've been talking a
little bit about, you know, how

600
00:49:46.840 --> 00:49:51.119
how companies can use this stuff.
I want to also get to how it

601
00:49:51.199 --> 00:49:53.199
can be leveraged with organizations. But
I want to start start with culture.

602
00:49:53.400 --> 00:49:58.159
And culture is interesting to me because
as a management consultant, we know so

603
00:49:58.360 --> 00:50:02.599
much that culture is is the driving
factor for how people are connected an organization,

604
00:50:02.800 --> 00:50:07.880
how things get done, and actually
the results. And you had said

605
00:50:07.920 --> 00:50:14.000
something I think in our first conversation
that your organization works to help build culture,

606
00:50:14.360 --> 00:50:17.119
a culture of innovation, so embracing
that. And I think you mentioned

607
00:50:17.199 --> 00:50:22.599
that some progressive large companies recognize the
need to inject this idea I think of

608
00:50:22.679 --> 00:50:28.960
innovation from small companies into large Can
you say more about how innovation can be

609
00:50:29.000 --> 00:50:36.400
transferred between organizations? Sure? Absolutely, so. I have to quote SELEL

610
00:50:36.639 --> 00:50:43.920
Mile of single large university that says
something on the lines that if you're in

611
00:50:44.000 --> 00:50:47.239
a large organization you're trying to innovate
from within, the immune system will eat

612
00:50:47.280 --> 00:50:52.320
your life, will even not for
all of them. Larger organizations tend to

613
00:50:52.360 --> 00:51:00.360
be more delocratis slow response to a
particular market need, and so on.

614
00:51:00.639 --> 00:51:06.679
So small let's just take for instance, our organization being a media outlet.

615
00:51:07.719 --> 00:51:12.880
So look, we're basically we're providing
great content or audience comes back, whether

616
00:51:12.960 --> 00:51:15.239
death, SHRBA Tree, the link
in Google Plus, whatever medium they be,

617
00:51:16.480 --> 00:51:22.360
or email. Essentially, for a
smaller company, they tend to provide

618
00:51:22.519 --> 00:51:27.440
better content because they're smaller, they
don't have as many layers of reviews,

619
00:51:27.719 --> 00:51:30.079
if you will, Whereas larger companies, for whatever is that they need to

620
00:51:30.119 --> 00:51:35.840
make sure they don't canabilize the market
they need to address they got six competing

621
00:51:35.960 --> 00:51:40.000
or thirty six competing products almost in
some cases because of acquisition and inheritance of

622
00:51:40.159 --> 00:51:45.360
a various type of products, they
have to be considered so they don't cannibalize

623
00:51:45.360 --> 00:51:49.639
the existing business, where smaller starts
with a clean sheet. So one of

624
00:51:49.639 --> 00:51:53.400
things earlier on we recognize that and
we said, how do we address that

625
00:51:53.719 --> 00:51:59.559
we can bring both startups and large
organizations at a keep that offer the same

626
00:51:59.599 --> 00:52:02.519
seat of able. Large companies may
have a deeper pocket, smaller companies have

627
00:52:02.679 --> 00:52:08.679
great content. So that is why
would Extraly create a program four startups around

628
00:52:08.719 --> 00:52:14.159
the three million under a million dollars
in sales and under three years of existence

629
00:52:14.480 --> 00:52:22.400
to basically help them basically get accept
and get exposure to our growing for the

630
00:52:22.039 --> 00:52:29.760
last thousand people audience. Such a
great point, right, you're in doing

631
00:52:29.840 --> 00:52:32.079
work around this space. I could
say a lot about what you just mentioned

632
00:52:32.079 --> 00:52:36.039
about large companies innovating, and it
takes a lot to be able to do

633
00:52:36.199 --> 00:52:38.400
that. We're getting so close to
running out of time, so I want

634
00:52:38.400 --> 00:52:43.039
to make sure that I get in
one more question before we close, and

635
00:52:43.119 --> 00:52:45.639
it has to do with really age
groups within organizations. And I know that

636
00:52:46.280 --> 00:52:49.840
when we spoke on the phone,
you said something about that that you know,

637
00:52:50.000 --> 00:52:52.880
current industrial organizations tend to have an
age group that comprises more older workers

638
00:52:52.920 --> 00:52:57.599
than younger ones, and that there
can be a real problem or opportunity if

639
00:52:57.599 --> 00:53:01.000
you consider it, if older decision
makes are managing our younger ones. Can

640
00:53:01.079 --> 00:53:07.119
you tell us more about why this
phenomena can be a problem for companies US.

641
00:53:07.159 --> 00:53:10.199
It's well recognized as manufacturing INSTUS for
instance, that that's basically showing there

642
00:53:10.280 --> 00:53:17.199
is a over the next decade,
three point five manufacturing jobs will likely need

643
00:53:17.239 --> 00:53:21.840
to be filled. There's a skills
gap, there's age gap, people are

644
00:53:21.920 --> 00:53:25.599
retiring, and and and I want
to go back to a little bit about

645
00:53:25.639 --> 00:53:32.000
the decision makers in charge of large
organizations today. UH and UH. They're

646
00:53:32.119 --> 00:53:37.760
used to the way of doing business, whether is in UH marketing, whether

647
00:53:37.920 --> 00:53:44.079
is in the way they approach the
next the next platform for for for addressing

648
00:53:44.119 --> 00:53:49.880
a problem is by naturaling. They
known somewhere, so they are addressing that.

649
00:53:50.119 --> 00:53:55.480
Whereas the millennial and I don't want
to put a particular age bracket on

650
00:53:55.599 --> 00:54:00.280
that, but let's legister to the
millennials. They tend to look at say,

651
00:54:00.320 --> 00:54:05.599
okay, what do I what was
other people's experience with this platform where

652
00:54:05.639 --> 00:54:09.119
you choosing a platform for your manufacturing
or for for city and so on?

653
00:54:09.559 --> 00:54:15.320
What was there other cities? What
was other industrial companies experience with this platform?

654
00:54:15.360 --> 00:54:19.199
And there's plenty of data. That's
why the connecting industry healths because you

655
00:54:19.280 --> 00:54:25.239
have real time data on comments about
that. Thirty seconds All right, go

656
00:54:25.280 --> 00:54:28.800
ahead, thirty seconds left. We
have to We'll have to close here in

657
00:54:28.800 --> 00:54:32.320
about thirty seconds. Go ahead.
Yeah, So there was My main comment

658
00:54:32.480 --> 00:54:39.360
is that is now companies organizations that
recognize the need to empower these millennials to

659
00:54:39.719 --> 00:54:45.199
make decision maybe given more autonomy on
making those decisions. Some companies even looked

660
00:54:45.239 --> 00:54:52.840
at basically creating a whole new group
and independent or even a different building than

661
00:54:52.880 --> 00:54:57.679
the existing ones to continue to make
decision. Uh and and almost like a

662
00:54:57.719 --> 00:55:01.079
company, not a company. M
excellent, All right, Well, I

663
00:55:01.159 --> 00:55:05.559
just want to let you leave our
listeners with are your just final thoughts?

664
00:55:05.599 --> 00:55:07.400
So maybe in about fifteen seconds,
how would you what would you like to

665
00:55:07.480 --> 00:55:13.119
leave our listeners with today? I
would say, follow your passion, relentlessly,

666
00:55:13.480 --> 00:55:17.199
focus on your strength to compensate the
witnesses. I would have never imagined

667
00:55:17.199 --> 00:55:21.159
when I was graduated with a computer
engineering degree too, that I would be

668
00:55:21.239 --> 00:55:25.159
writing writing with not one of my
strength, but learn over the period there

669
00:55:25.199 --> 00:55:30.960
are things that energizes me around it. Then writing to the point small as

670
00:55:32.639 --> 00:55:37.360
it's I get quite a lot of
joy. So and if you're a startup,

671
00:55:37.480 --> 00:55:42.840
look for synergy for partnerships to go
fast. Wonderful way to finish.

672
00:55:42.920 --> 00:55:45.039
Luchon, thank you so much for
joining me as a guest today. I've

673
00:55:45.119 --> 00:55:49.480
learned a lot from you. Thank
you so much. Thank you for having

674
00:55:49.519 --> 00:55:52.519
me. If you want to learn
more about Luchon Fogoros and the work he

675
00:55:52.599 --> 00:55:58.800
and his team are doing at IoT
World, visit him at IIoT dashworld dot

676
00:55:58.880 --> 00:56:02.360
com. Join next week when we
talk with Isaac Afton of trigger Give,

677
00:56:02.440 --> 00:56:07.800
we'll be talking about how his exasperation
with how opposing please to fund parties in

678
00:56:07.840 --> 00:56:10.679
our recent presidential election spurred him to
start trigger Give, which allows people to

679
00:56:10.760 --> 00:56:15.079
quickly donate money through various social media
channels directly to their intended charity. I

680
00:56:15.159 --> 00:56:19.960
think the conversation will literally showcase how
this founder put his money where his mouth

681
00:56:20.079 --> 00:56:23.000
is and his platform is doing the
same for the users who engage it see

682
00:56:23.039 --> 00:56:25.480
you. Then, remember that work
is one third or alive. So let's

683
00:56:25.519 --> 00:56:36.199
work on Purpose. We hope you've
enjoyed this week's program. Be sure to

684
00:56:36.280 --> 00:56:40.159
tune into Working on Purpose featuring your
host, Alice Cortez, every Wednesday at

685
00:56:40.199 --> 00:56:45.400
six pm Eastern time freepm Pacific time
on the Voice America Empowerment Channel. This

686
00:56:45.559 --> 00:56:49.039
week, find your life's purpose at
work