Lucian Fogoros on IIOT - the Industrial Internet of Things

IIOT, or the internet of things, is all over our news space. But what does it really mean? And what does it mean for various industries? In this episode, we’ll talk with one of the two founders from IIoT World, a new organization that covers the...
IIOT, or the internet of things, is all over our news space. But what does it really mean? And what does it mean for various industries? In this episode, we’ll talk with one of the two founders from IIoT World, a new organization that covers the economic and technological implications of the transformation taking place as IIoT proliferates throughout the enterprise. Their team combines journalistic coverage with data analysis to expose the stories, players, trends and innovations that shape the IIoT.
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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 Cortes. 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 Cortes. 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 Cortes, 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 and work
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research I've been doing over the last
fifteen years, as well as from my
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own experience consulting, including the work
that I do today at Instadium, which
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is a global management consulting firm.
I'll get to the program in just a
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moment. First, a big thank
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Com. Last week, if you
missed the show live, you can always
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catch it on podcast. We were
on the air with Tahar Ali, who
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is a respected international keynote speaker working
around the globe. He is the author
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of Fail Your Way to Success,
which is an incredible story of what it
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takes to achieve your goals and dreams
in life. He is also the CEO
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to a billion dollar real estate investment
business with over sixteen hundred sales staff,
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so the guy kind of walks his
talk. We talked about the very fascinating
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and challenging early life that he had
that helped make him who he is today,
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including overcoming a pasti of crime and
involvement with gangs, what he's learned
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from most experiences of failing and developing
resilience. It was a really interesting conversation
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and he has a fantastic Irish accent. If that doesn't get you over the
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top. By the way, if
you want to receive alerts in advance of
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list by visiting my website at Eleascoortes
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tab, and then under my photo
entering your name and email address. All
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right, so with us this week
is Luchan Fogoros, who is the co
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founder and managing director of IoT World, which is a digital media outlet that
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covers the economic and technological implications of
the transformation taking place as IoT proliferates throughout
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the enterprise. IoT World combines journalistic
coverage with data analysis to expose the stories,
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players, trends, and innovations that
shape the IoT. IoT World has
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recently been ranked by k Core Analytics
as the number one influencer on several topics
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such as industrial Internet of Things,
smart manufacturing. I don't know if it's
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Skater or SCOTTA will find out out
and is actually ahead of companies like IBM
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and GE. It's a fantastic thing
to have an acclaim to and today Luchan
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joins us today from Cleveland, Ohio. Welcome to working on a purpose.
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Thank you, Liz, and good
evening, good morning, good day to
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everyone, whatever you're joining us from. Thank you for joining. Isn't that
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wonderful? And I appreciate you saying
that because I really enjoy that this particular
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show is listened to across the globe, including China, Japan, There's a
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lot of folks there in India,
Malaysia, all different kind of places,
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and I really appreciate that we get
to have a truly a conversation that really
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matters to everyone, and it's going
to happen across the globe. So thanks
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for saying that, Thank you for
having and also let's also acknowledge that how
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we found each other was via Twitter. It's been a fantastic means, a
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mechanism for me to meet people I
wouldn't otherwise have any business meeting and learning
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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 for
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us as well of leveraging two or
two to reach out. It's just it's
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wonderful. I sometimes I actually had
a thought the other day of well,
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what happened if like Twitter or LinkedIn
went away, what would happened? All
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right, well, let's get started
into the topic here. I want to
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start with really the basics here,
Lucian. There are going to be people
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that are listening to the show that
are like, I'm going to listen because
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I keep hearing about the Internet of
things. I don't even know what the
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heck we're talking about. So I
want to just start with the notion here
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from people that there's probably a variety
of folks that are listening to people that
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have got this and they're well beyond
they want the next thing. But what
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do we mean by the Internet of
things? Well, thank you for that
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question, and I'm humble to have
the opportunity to talk about this. I'm
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very passionate. So the Internet of
things consist of smart connected objects and homes
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with a business or surrounders that has
ability to communicate over a network without a
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human to human or human to computer
involvement. So to give an example,
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basically, the concept basically connect any
devices with on or off switch over the
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Internet includes anywhere from cell phones to
refrigerator lamps around our homes, garage stores,
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cameras, wearable devices such as basically
glasses, and almost anything that you
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can think of. This also employees
basic components on various machines anywhere from machines
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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 switch,
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then chances are that it is part
of an IoT and analysts basically are
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predicting though by twenty twenty various productions
depends on who listen to that there will
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be anywhere from twenty six to over
one hundred billion connective devices in twenty twenty.
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It's a lot of connections. So
essentially it's a giant of networks or
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connected things. Okay, that really
really helps me personally, so thank you
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Luchan. Okay, Now, specifically, though you are focused on the industrial
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Internet of things. What's different about
that? How do we distinguish that?
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So what's the difference between IoT and
IIoT the Industrial Internet of Things? So
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if you look at that, that
basically IIoT refers to a soft category of
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a subset of the broader Internet of
things. Basically IoT includes things like smart
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over that we mentioned smart consumer products, yet industrial IoT IIoT, smart industry,
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industry four point zero whatever, there's
various terms that people refer to depending
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on what corner of the world you
refering to. Focused specifically on industrial applications
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such as smart manufacturing, such as
smart agriculture, smart c these types of
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applications. Okay, I appreciate that. I I guess I could have figured
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that out if I really thought about
it, but I like so much better
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the way that you've said it.
Okay, now, well listen, now
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we can talk about your organization,
Lucha, now that we've kind of covered
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those basics here. So IoT World
is your organization. It is a digital
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media outlet, and I know that
it's it's fairly new. So I want
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to help our listeners understand why did
you find? Why did you co found
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You're one of two founders, I
think it is, and what is it
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that you're trying to do in the
organization there is? Correct? So,
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first off, the IoT World was
born out of a passion of the two
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co founder for and professional background combined. Carolina's background my co founder is basically
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digital journalism. She wrote her pH
d TSS combining traditional media with digital media,
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and my experience basically on industrial software
developer background development engineer with progressive roles
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in product marketing and global level of
product management. And our mission basically is
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to educate on what's real on industrial
IoT and we engage with subject matter experts
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from around the world to bring those
real applications, those case studies so inspire
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other organizations to do the sames same. Oh okay, awesome, awesome,
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okay. And I know that when
you and I spoke on the phone the
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first time, when we did our
introductory call, you were helping me understand
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a little bit about I think you've
you said something about like the number of
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readers or followers that you have,
something like that. Yeah, it's funny
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you mentioned about Twitter because we so
both of the founders started with a few
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thousand followers on Twitter, but we
also flogged in a new organization Twitter account,
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and the account was flogged in I
think it was late January. The
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side when lives in February, and
he went to over fifteen point two thousand
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people in just under ten months.
First nine of the ten customers we can
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talk about that came from Twitter,
and the rest of them. Basically we
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also got engaged on various events,
but that's one medium we leveraged Twitter to
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reach our audience. We also leverage
others. LinkedIn is another one that you've
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mentioned what we do about without those, So essentially we wouldn't have a business
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pretty much without at least those couple
of ones. But we also leverage Google,
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plots and other mediums to reach our
audience. Well, let's make sure
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that our listeners can find you.
Then let's what are your handles on those
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social media So what's your Twitter handle? So our organization IoT old handle it
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IoT underscore world and that's uh.
And then my personal one is at for
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Goros at f O G O r
O S okay. And then what about
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the other platforms. And then if
you look at the linking basically on my
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personal one, that went to some
exponential growing, uh, basically linking dot
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com for slash in for slash for
Goros, and we do the same for
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IoT world. Okay. And also
both of the easiest way to find them
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is from our website. It has
pretty much all our social media. Our
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website is www dot I I O
T dosh world dot com. Yeah,
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and I'll say that again at the
end of the show for those people that
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didn't write it down. Okay,
Well, the next thing I want to
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I want to talk about here is
and I can help. But because I
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have been a person who's been researching
how people find meaning in their work and
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how it's related to who they are
for years, And of course in the
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middle of all that is this little
thing called motivation. What I know about
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what you're up to here is that
it takes a lot to create an organization
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the way that you are, you
and your co founder are, So what
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keeps you motivated? There's a number
of things that kids. I'm always interested
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to learning new things. Certainly,
I'm always connected, whether of course I
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try to stay away when when I'm
in front of my daughter from from from
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a phone, but for the most
part, the phone is there near by.
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And this application, whereas linked in
Twitter, our site, email is
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always what motivates me is learning new
things, and of course coupling with the
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love traveling. So now and then
there may be a little bit running low
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on the motivation I do engage into
a travel to to join a conference and
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so on. Mm hmmm. I'm
really glad to hear you say that,
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because I think and I always tell
people that I'm coaching it's just so important
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to plug in to a social community, to keep you inspired, connected,
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learning, supported, have resources for
I'm really glad to hear you say that,
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Luchon, that's great, really important. As you're commenting that, it
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just occurred to me that actually what
also defines me that never looked at it
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that way, that I'm passionate about
helping people. And I'm in the center
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of community here the parish that I
attend or are alone my organization. So
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I love helping people. That's also
another thing that I think. It's a
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motivation I get, if you will, motivation from helping people. M hmmm,
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excellent. Well, and even when
you think about what you're doing providing
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a digital media outlet for people,
I mean that is it's absolutely a form
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of help, except that you're doing
it too well not accept and that you're
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doing it for the masses. Correct. Okay, Well, speaking of that,
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one of the other things I really
wanted to get to here is you
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know, I know that your whole
organization exists to educate and help people understand
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what's behind and the media hype around
the industrial Internet of things. And so
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you already said when you think about
there's billions of devices connected, there's I
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think you mentioned the dollar piece of
it. But I think I've heard things
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like trillions of dollars, et cetera. So I want to hear more about
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that. What hype are you talking
about and how do you actually help correct?
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So I've had the opportunity, prior
to launching ioity World, to travel
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around the world a couple of times
on behalf of a large industrial company and
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depending on what media type of what
people are talkeds, this hype of new
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value created depending on if you listen
to as much as one point for trillion
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dollars, a new value created by
this hioity World. Birity love to have
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hioty world. I mean the industrial
in the things, And it occurred that
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that basically a lot of people at
the sea level are some scared, they
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know something, the big is coming, they don't know what to start.
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And we basically h said, well, with the twenty years industrial software background,
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that basically still look at the industry
inner of things. It's an evolution
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versus a revolution like the IoT is. And we can talk more about that.
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But the evolution because over the four
decades of investment in industrial adomation of
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connecting things, it just so happens
that now various factors play a role into
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accepting this. So having said that, why now, what's really new around
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that? And if you ask people
that are early adopters of the technology,
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you'd find that that there is no
brainer. They know how to colpulic or
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illustrate the ROI if you if you
get some of the skeptics, incumbents,
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and some of the industrial companies,
they ask the question skeptically. The way
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I respond is, think about what
you can do in your organization, and
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as the cost of hardware, as
the cost of how whether there's a sensor
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or whether it's a computer, or
the cost of data as approaching zero or
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even more so, we can talk
about the business model change. One of
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the reasons that I was interested in
having you on the show, Lucian,
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is kind of what you allude to
when you mentioned, you know, CEO
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is maybe being frightened or scared a
bit about this whole thing. And I
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wanted to presence this for people because
people are afraid of technology. They're afraid
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of automation. You know, it's
because they think that it's going to take
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away jobs and there's all there's all
kinds of well, as you say,
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hype about that. So that was
one of the big reasons I wanted to
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have you on is to help us
help educate us as to what is this,
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what's the opportunity. So one of
the other things I'd love to hear
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you talk about, and you already
mentioned this notion of ROI is just to
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kind of get us thinking about how
this is being used and what's the benefit
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of IoT. Where is like maybe
a few places or one place that you're
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seeing the fascist return for like a
manufacturing company investing in IoT. That's actually
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a fantastic question, and we have
plenty of case studies on IoT world website
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that basically illustrated. So I appreciate
the qualification the ROI for manufacturing because what
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the ROI for manufacturing may be different
for a city like let's say port for
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Port of Cleveland or Port of Los
Angeles. It may also be different than
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a water and waste OAR facility,
or it may may be actually different for
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an oil and gas company. So
in terms of the manufacturing what I observe
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and working in the field and over
the last twenty years, but also more
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so recently as I've focused on just
the industry and the things one of the
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low hanger food is really predictive maintenance. Certainly, if you look at the
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city, there's other city my plugging
small sensor as well as basically plugging the
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website for tracking the weather whether you
irrigate or not. Those are also things
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for others. There's a different rois
for various industry, but focus on manufacturing
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the predictive maintenance of things could help
quite a bit because let's say, for
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instance, if you're an automotive,
it could cost as much as twenty two
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thousand dollars per minute the downtime.
So if you factor they're in, it's
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so easy to say I'm going to
try this solution or this potential predictive maintenance
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opportunity. Because I could set this
amount, it's very easy to convince to
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make up business case like that.
Thank you for helping us present Sad and
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I do want to talk a bit
more about that. Although here we are
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already can you believe that we're on
our first break? It happens so fast.
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I'm your host, Alis Cortez.
We've been on the air with Luchen
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Fogoros, who is the co founder
and managing director of iotworld dot com,
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which is a digital media outlet that
covers the economic and technological implications of the
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transformation taking place as IoT productlarates throughout
the enterprise. IoT World combines journalistic coverage
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with data analysis to expose the stories, players, trends, and innovations that
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shape the IoT. He joins us
today from Cleveland, Ohio. We've been
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talking a bit about his background and
actually what is the Internet of Things and
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a little bit now about how about
the hype that surrounds it and of course
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the ROI that can be had.
After the break, we're going to get
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a little bit more deep into the
conversation and think about how it can be
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applied within organizations and business. Stay
with us, We'll be right back.
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Friend us on Facebook to keep up
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This is Working on Purpose with Alas
Cortes. To reach our program today,
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please call into one triple eight three
four six nine one four one. Again
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that's one triple eight three four six
nine one four one. You may also
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send an email to Elise A l
Se at Eliseportes dot com. Now back
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00:21:15.279 --> 00:21:22.240
to working on Purpose. Thanks for
staying with us, and welcome back to
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working on purpose if you're just joining
us. My guest is Lucian Fogoros,
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who is a co founder and managing
director of iotworld dot com, which is
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a digital media outlet that covers the
economic and technological implications of the transformation taking
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place as IoT proliferates throughout the enterprise. IoT World combines journalistic coverage with data
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00:21:41.240 --> 00:21:45.319
analysis to expose the stories, players, trends, and innovations that shape the
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IoT. IoT World has recently been
ranked by Kcore Analytics as the number one
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influencer on several topics such as the
industrial Internet of Things, smart manufacturing,
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SCOTA or Skata, and is actually
at of such companies like IBM and GE
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really impressive. I'm your host at
least Cortes. So before the break,
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we were talking just a bit about
just presencing what is this thing the Internet
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of things and what is the industrial
internet of things? And talking a bit
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about ROI et cetera, When people, when organizations do invest in this.
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Here next in this conversation, this
segment, if we can loachan, I
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want to start thinking about really applying
applying it a little bit more deeply for
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folks, taking it out of that
that abstract place and putting it more into
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the concrete. So you and I
were talking on the phone, and of
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course I've read this that we've talked
that the Internet of things will disrupt any
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industry, and you said earlier you
started to talk about this and it comes
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not only from the cost of hardware
or software data approaching zero, but also
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the business model. Can you expand
on this? But all of those things
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for us correct. So the opportunity
in my mind, and again this is
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the way that we've kind of left
it is asking yourself, what can you
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do in you organization as as the
cost of harder standing the data is approaching
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zero, but even more important,
what can you do in you organization as
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the business model changes from a large
capital expenditure for for for industrial company to
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a monthly credit card expenditure. And
uh, there's the saying nobody got fired
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from using General Electric or using Honeywell
or rock with whatever large industry or Schneider
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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 for some of the
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smaller players. And it does.
We've seen data and case studies that it
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does. The show opporunity for a
smaller player that eats the launch of a
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launch of a large player on that. Uh So if you look at from
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the opportunity in an organization, uh, whether it's a manufacturing we've shown some
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example, we've talked about some examples, but also in city or a oil
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and gas facility. It provides the
massive amount of data that can be collected
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as we are able to collect the
data and more important, making sense of
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that data. It's basically creating dress
reduction costs. So whether it's in manufacturing
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or it's a city that we're able
to reduce the cost or doing things with
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fewer resources because they are connected.
There is, for instance, a elevator
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company and there's plenty of case studies
on that. That's leveraging Google Glass to
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offer remote technical assistance, the same
thing leveraging Google Glasses to to offer instructions
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on how to fix So you're equipping
the technician to resolve problems and faster.
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So if you look at that,
for instance, other industry, Uh,
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let's say healthcare, Uh what what
how would your experience the ear once a
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year or however many, however often
you go to your routine to your family
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doctor, if you have a way
to get all of your essentials uh logged
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on a daily basis, and they
can just review it, they can see
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a trend I happened to be an
engineered by background. Then when I've taken
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my mother to the cardiologists and I've
shown her four months worth of data on
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the the things that I was recording
with an am run, uh basically just
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taking the blood pressure, she needially
spots the spot of that she has hypertensions,
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so she was able to diagnose that. What if you can pull that
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data out of the phone. There's
a low hanging food transportation. You know,
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it wouldn't be nice if as you're
already entering the data to a Google
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map or whatever your map you're using
for directions to also tell you that,
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hey, you might want to part
close to termin will be because there's thirty
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minutes less waiting time, there's a
less of a queue in line there.
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Grocery shopping would be as you have
your grocery on your electronic list. Let's
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say it does a quick evaluation and
say instead of going to Costco or whatever
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grocery shop store A, you may
want to choose to go to this based
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on this particular list, you may
provide you a different suggestion for that.
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So again, if you want,
we can go on and on and about
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this type of industry industries. But
the connected, the fact that we are
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connected to leveraging other data available basically
can make a better, more informed decision,
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whether as a consumer or with a
business owner industrial company. I really
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appreciate how you described that, Luchon. I really got a lot more present
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to how this works and why in
why people would actually invest in it.
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And speaking of that, one of
the things that you said to me on
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the phone, and I think I
read it on your site somewhere in one
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of your one of the stories is
you have already mentioned something about the cost
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piece of this here, But why
does it no longer take such a large
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investment to achieve automation. I have
to go back a number of years.
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When I started my career, there
was industrial computers, for instance, that
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would cost us much as twenty thousand
dollars. Today you can leverage a control
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00:27:45.119 --> 00:27:48.920
of that does thirty five thousand and
basically does almost the same thing. We
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00:27:48.960 --> 00:27:52.359
can get a tablet. Because of
the industrial setting, you need to be
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00:27:52.400 --> 00:27:56.039
concerned with vibration, you need to
be concerned with the oil, you need
340
00:27:56.079 --> 00:27:59.960
to be concerned with the water.
You can wash the thing down a particular
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00:28:00.000 --> 00:28:03.839
computer. That same computer at that
time costs twenty thousand. We can also
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00:28:03.920 --> 00:28:07.200
leverage a tablet. It has a
touch screen and he has in addition to
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all the things that twenty years ago
you're doing, now you're actually doing with
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one thousand dollars tablet in an enclosure
box that has water resistance. And by
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the way, it could have four
cents as they could send temperature. You
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could send humidity from the particular tablet
and stored it somewhere. So let's say,
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for instance, if some union comes
after a particular facility because they didn't
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maintain the temperature too much humidity and
so on. They could actually prove that,
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hey, on daily basis, the
temperature was within this temperature and that
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temperature and so on. So there's
very opportunities. So why does it cost
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less today? Many factors certainly talked
about hardware and day are being sent.
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It's different. But also because the
business model, I think this is an
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area that some of the incumbent large
players are least I know to get on
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a bandwagon. Is because it changed
from making a large investments that it would
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take basically a capital expenditure many approvals
to now giving the power to someone to
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00:29:11.920 --> 00:29:15.599
do use a credit card, you
try a solution. There are vendors that
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00:29:15.759 --> 00:29:22.200
even give software hardware solutions in exchange
of having a monthly approach. And by
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00:29:22.240 --> 00:29:26.839
the way, it can be canceled
over ext amount if it doesn't sit the
359
00:29:26.880 --> 00:29:30.599
solution. So where in the past
it used to be available to a few
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they had large money to invest,
now even let's say a bakery that may
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have a three or four locations,
you could leverage the technology that could be
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scheduled out over other monthly payment to
do that. Let me make sure I'm
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00:29:48.640 --> 00:29:52.400
understanding and make sure that this lands
really well and crisply for our listeners as
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00:29:52.440 --> 00:29:56.960
well, who may have less exposure
to this than you do, or certaining
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00:29:57.000 --> 00:30:02.680
than I do, so terms of
the lower investment. So part, I
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think what you're also describing and presencing
for us is that instead of having to
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use a piece of hardware that we
own or a piece of software that we
368
00:30:10.880 --> 00:30:15.640
own, we have access to this
kind of technology through software as a service
369
00:30:15.720 --> 00:30:18.440
or through the cloud. Is that
what you're saying the part, it's not
370
00:30:18.559 --> 00:30:22.839
a factor that has happened, correct. In addition to the fact that you
371
00:30:22.839 --> 00:30:26.079
know, over the last few years, the technology improved and performance, yet
372
00:30:26.119 --> 00:30:30.839
the cost is less and less.
We can do more things on a smaller
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00:30:30.839 --> 00:30:36.960
devices and hence that got its way
into the industrial setting as well. Okay,
374
00:30:37.119 --> 00:30:40.319
thank you, thank you, thank
you. Okay, Well, now
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I think I can even I feel
even better about asking you this question.
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00:30:42.720 --> 00:30:45.799
I want this is something that I
had planned to ask you, but because
377
00:30:45.799 --> 00:30:51.200
it's part of your tagline. But
you mentioned and talk on your site and
378
00:30:51.240 --> 00:30:52.640
in some of the things that you
say, but that your goal of your
379
00:30:52.720 --> 00:30:56.039
organization is to accelerate the rate of
adoption of the industrial Internet of things,
380
00:30:56.039 --> 00:31:00.920
and I'm starting to get clear as
to why you do that, but say
381
00:31:00.960 --> 00:31:03.200
a bit more about that, and
I do also want to talk a bit
382
00:31:03.200 --> 00:31:06.720
more. You mentioned in the last
segment about the low hanging fruits and the
383
00:31:06.759 --> 00:31:11.079
area of predictive maintenance. So first, why is your organization set on accelerating
384
00:31:11.119 --> 00:31:19.200
the adoption of IoT? We felt
that with both a passion to educate by
385
00:31:19.680 --> 00:31:26.880
in addition to have been working in
the industrial automation evolved now into industry and
386
00:31:26.920 --> 00:31:32.039
the things I've had the opportunity to
teach at Cleveland State University, in addition
387
00:31:32.119 --> 00:31:37.200
to being or volunteering for opportunity to
teach in corporate how to use software.
388
00:31:37.720 --> 00:31:41.920
And so basically I'm passionate about helping
others. Now in terms of the rate
389
00:31:41.960 --> 00:31:51.079
of adoption, how is our organizations
doing that? And we've we've we've done
390
00:31:51.119 --> 00:31:53.960
a few things that are different than
a trade magazine, and one of them,
391
00:31:55.000 --> 00:31:59.799
instead of basically hiring let's say,
journalists to write stories interview the people,
392
00:32:00.240 --> 00:32:07.400
we're inviting the visionaries, the top
level sea level folks for around the
393
00:32:07.440 --> 00:32:12.079
world to come and share their vision
about the industry every things, not to
394
00:32:12.200 --> 00:32:15.119
sell their company, not to sell
their story of their company, but really
395
00:32:15.200 --> 00:32:20.960
to say, what do you see
as opportunities for this, and whether that's
396
00:32:21.000 --> 00:32:27.319
a vendor for industrial software, hardware
or cyber security, industrial cybersecurity, or
397
00:32:27.400 --> 00:32:31.480
that's basically an end user that would
like to get more spotlight on organization like
398
00:32:31.519 --> 00:32:38.200
the CI organization that managed to be
an early adopter. We invite them to
399
00:32:38.240 --> 00:32:44.480
share their story and share their case
study on our website. And we've created
400
00:32:44.480 --> 00:32:47.279
a platform from all these players.
Like I said, over one hundred I
401
00:32:47.279 --> 00:32:51.240
think last time I checked, and
we're just about to do another stats on
402
00:32:51.279 --> 00:32:54.400
that, but over one hundred and
sixty two partnerships and contributors from around the
403
00:32:54.400 --> 00:32:58.440
world to share their story and how
to do that. So again, just
404
00:32:58.519 --> 00:33:01.799
changing the model. I think Peter
diamand Is refers to this I learned later
405
00:33:01.880 --> 00:33:08.680
on about three months or four months
after I've started the website, refers to
406
00:33:09.319 --> 00:33:15.839
democratizing the journalism or the site by
basically saying, you don't have to pay
407
00:33:16.559 --> 00:33:22.640
for somebody to write the story.
You invite those people to do that.
408
00:33:22.680 --> 00:33:28.119
So thank you for that. That
helps so much, and I really appreciate
409
00:33:28.160 --> 00:33:30.720
the way that you shared that.
Yeah, and I also what I also
410
00:33:30.759 --> 00:33:35.000
appreciate is that just the way that
you said that last piece inviting people to
411
00:33:35.039 --> 00:33:37.240
share their stories, and yet look
at this beautiful platform that you've created to
412
00:33:37.240 --> 00:33:42.200
do just that. I just really
appreciate what you're doing. And again,
413
00:33:42.319 --> 00:33:44.440
a big reason I wanted to have
you on the show, John, is
414
00:33:44.480 --> 00:33:47.480
because I think people are very,
very frightened of what they don't understand.
415
00:33:47.559 --> 00:33:52.680
They don't understand the Internet of things, they don't understand artificial intelligence. Right,
416
00:33:52.720 --> 00:33:54.920
That's one of the things that I've
been very intrigued with, and so
417
00:33:55.880 --> 00:33:59.240
I'd like to see if you could
maybe talk to us a bit about that
418
00:33:59.240 --> 00:34:05.480
particular topic, especially if it's something
I actually heard talk about innovative artificial intelligence.
419
00:34:05.480 --> 00:34:07.400
So I'd like it if you could
share a little bit about what's going
420
00:34:07.440 --> 00:34:12.960
to be maybe one of some of
the bigger challenges or challenge with introducing innovative
421
00:34:13.079 --> 00:34:16.519
artificial intelligence and actually getting people to
buy it, be not be afraid of
422
00:34:16.519 --> 00:34:22.920
it, to be confident of it. Sure, so of course there's there's
423
00:34:22.119 --> 00:34:28.360
a couple of areas that is a
fear of technology. And then the second
424
00:34:28.559 --> 00:34:35.719
part of this week talk is gaining
public confidences. And I think that we're
425
00:34:35.760 --> 00:34:40.880
at the point that both technology as
well as public is getting acceptance and market
426
00:34:42.800 --> 00:34:47.360
acceptance. A couple of weeks ago
we've We've given a personal example, purchased
427
00:34:47.400 --> 00:34:54.440
a super a Cross that I believe
and as I was taking the baby daughter
428
00:34:54.480 --> 00:35:00.280
to to to the kindergarten or to
the daycare, notice my will was actually
429
00:35:00.360 --> 00:35:04.880
trying to keep me in line as
youres trying to ask for something and so
430
00:35:04.920 --> 00:35:09.000
on, and essentially has a safety
feature that keeps you online. So it's
431
00:35:09.039 --> 00:35:14.079
already in some of our newest cards. Of course we had that that that
432
00:35:14.360 --> 00:35:21.280
the spot fendors and so on.
But if you think of of companies such
433
00:35:21.280 --> 00:35:27.159
as test Law for instance, that
basically building the new car with the technology,
434
00:35:27.199 --> 00:35:32.760
with the software that allows you to
have the to to leverage Uber as
435
00:35:32.800 --> 00:35:37.639
an autonomous car, providing that we
get acceptance with the legal and so on.
436
00:35:37.039 --> 00:35:42.239
But think about it just having that
technology in a car to do that.
437
00:35:43.119 --> 00:35:46.039
As I was driving back from dropping
out my daughter, I know I
438
00:35:46.119 --> 00:35:49.719
tried testing this thing. Of course
there was nobody on the highway at the
439
00:35:49.760 --> 00:35:52.880
time. It was around the cloud
for very few people, but just seeing
440
00:35:52.920 --> 00:35:57.840
if indeed it keeps me in line
and so on. So those are things
441
00:35:57.840 --> 00:36:06.159
that are some of the nearby I've
asked an expert while at the Automay show
442
00:36:06.199 --> 00:36:13.039
in Chicago, very large. They
had the brest attendance earlier this year in
443
00:36:13.119 --> 00:36:20.880
Chicago, ever and they've honored a
couple of folks that basically are the top
444
00:36:21.000 --> 00:36:24.360
in the field of artificial intelligence.
One of them was doctor Russo, Daniel
445
00:36:24.480 --> 00:36:34.039
Russo from MIT. She had up
the Artificial Intelligence group there and I've asked
446
00:36:34.039 --> 00:36:38.760
her, how soon do you see
this reality to have autonomous hicles or are
447
00:36:38.800 --> 00:36:44.000
we ready? What's the infrastructure needed? And her response was we're ready today,
448
00:36:45.119 --> 00:36:52.039
providing that we are smaller cities with
smaller campuses with twenty five miles per
449
00:36:52.119 --> 00:36:55.760
hour or less, with the infrastructure
that we have today. So I think
450
00:36:55.800 --> 00:37:00.280
it's just a matter of time they
were doing. There's other work that for
451
00:37:00.320 --> 00:37:05.039
instance, doctor Rodney Brooks from Breaking
Robotics. He was also the former chairman
452
00:37:05.079 --> 00:37:09.639
of the MT's group. He's been
working for over last seven or eight years
453
00:37:10.039 --> 00:37:19.079
to bring robots and collaborate robots at
the price point under ten thousand dollars.
454
00:37:17.760 --> 00:37:23.800
It's it's changing the way we think
with you know, work and so on.
455
00:37:25.360 --> 00:37:29.199
They are the same show in Chicago, persons, there was a robot
456
00:37:29.199 --> 00:37:34.239
that was walking around around the people, avoiding people, collision and so on,
457
00:37:34.480 --> 00:37:39.199
and by the way, he had
a connecting to the IBM Watson.
458
00:37:40.639 --> 00:37:44.639
Essentially, Now, think about what
that could do to let's say, a
459
00:37:45.280 --> 00:37:50.639
large YouTube concert or a stadium full
of people, or a museum that you
460
00:37:50.800 --> 00:37:53.760
have if you will, a robot
that would answer back and just find I
461
00:37:53.800 --> 00:37:58.000
think you'd asked the question and so
on, but also guide you to the
462
00:37:58.039 --> 00:38:02.039
proper seat. Oh that's wonderful,
and I want to say a little bit
463
00:38:02.079 --> 00:38:05.559
more about that when we come back. We'll take a break here in just
464
00:38:05.559 --> 00:38:07.679
a second. But part of the
reason that I'm so fascinated with the idea
465
00:38:07.800 --> 00:38:13.599
of the Internet of things, the
industrial netive things, artificial intelligence is because
466
00:38:13.679 --> 00:38:19.480
I am very interested in seeing and
helping people see how that can actually help
467
00:38:19.559 --> 00:38:22.119
them change the way they work in
a better way. If if we can
468
00:38:22.280 --> 00:38:29.719
use innovation and technology and artificial intelligence
to remove some of those kinds of tasks
469
00:38:29.760 --> 00:38:32.199
that are maybe not as fulfilling for
us and we get to do something higher
470
00:38:32.280 --> 00:38:37.079
level and more creative, I think
that would be really interesting. So it's
471
00:38:37.119 --> 00:38:39.280
one of the many reasons I wanted
to have you on the show. And
472
00:38:39.320 --> 00:38:43.800
we'll talk more about that after the
break. It's already time. I'm Alice
473
00:38:43.840 --> 00:38:45.519
Cortez, your host. We've been
on the area with Luchu and Fogoros,
474
00:38:45.519 --> 00:38:51.880
who is the co founder and managing
director of theotworld dot com, which is
475
00:38:51.880 --> 00:38:57.000
a digital media outlet that covers the
economic and technological implications or the transformation taking
476
00:38:57.039 --> 00:39:02.039
place as IoT proliferates throughout the enterprise. IoT World combines journalistic coverage with data
477
00:39:02.039 --> 00:39:06.840
analysis to expose the stories, players, trends, and innovations that shape the
478
00:39:06.880 --> 00:39:09.760
IoT. He joined us today from
Cleveland, Ohio. After the break,
479
00:39:10.000 --> 00:39:16.400
we'll talk more about some of the
opportunities and questions surrounding IoT. Stay with
480
00:39:16.480 --> 00:39:31.360
us, we'll be right back.
Friend us on Facebook to keep up with
481
00:39:31.400 --> 00:39:38.199
what's empowering the world. Voice America
Empowerments. Alis Cortez is a speaker and
482
00:39:38.360 --> 00:39:45.320
engagement and development catalyst. She designs
and delivers professional development, leadership and engagement
483
00:39:45.360 --> 00:39:50.159
workshops and can bring her expertise to
your organization. She will help ignite meaningful
484
00:39:50.199 --> 00:39:54.599
development within your workforce that will increase
employee engagement, performance and retention. To
485
00:39:54.679 --> 00:39:59.559
learn more or to invite Elise to
speak to your organization, please visit her
486
00:39:59.599 --> 00:40:05.519
atw dot Eliscortes dot com. She
would welcome the opportunity to help get your
487
00:40:05.599 --> 00:40:20.920
employees working on purpose, looking stock
likes, bigger th s, get inspired,
488
00:40:21.119 --> 00:40:25.360
encouraged and connected on our Lively Award
winning Healthy Living Power Hour Star Style
489
00:40:25.760 --> 00:40:31.400
Be the star you are with host
and empowerment architect Cindya Brian live every Wednesday
490
00:40:31.400 --> 00:40:36.639
at four pm Pacific on the Voice
America Empowerment Channel. Tune into the Power
491
00:40:36.679 --> 00:40:40.760
Party for positive, uplifting, life
changing talk radio. Visit Starstyle Radio dot
492
00:40:40.760 --> 00:40:57.880
com or you land. We're making
it easier to listen to the Voice America
493
00:40:57.920 --> 00:41:00.880
Talk Radio Network wherever you go.
In addition to listening live, you can
494
00:41:00.960 --> 00:41:06.039
check out information about your favorite talk
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495
00:41:06.119 --> 00:41:08.800
at shows, to your list of
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496
00:41:08.920 --> 00:41:14.880
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497
00:41:14.920 --> 00:41:19.840
Apple App Store, BlackBerry App World
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498
00:41:19.880 --> 00:41:24.559
in the Voice America Mobile app powered
by air Cast. Follow us on Twitter
499
00:41:24.599 --> 00:41:37.679
for more great ideas at Voice America
Empowerment. This is working on purpose with
500
00:41:37.800 --> 00:41:43.360
Elise Cortes to reach our program today. Please call in to one triple eight
501
00:41:43.519 --> 00:41:47.000
three four six nine one four one. Again, that's one triple eight three
502
00:41:47.039 --> 00:41:52.440
four six nine one four one.
You may also send an email to Elise
503
00:41:52.840 --> 00:42:02.880
Alisee at Elisecortes dot com. Now
back to working on Purpose. Thanks for
504
00:42:02.920 --> 00:42:06.800
staying with us, and welcome back
to working on Purpose. If you're just
505
00:42:06.840 --> 00:42:09.039
tuning in. My guest is Lucian
Fogoros, who is the co founder and
506
00:42:09.079 --> 00:42:15.039
managing director of iootworld dot com,
which is a digital media outlet that covers
507
00:42:15.079 --> 00:42:21.239
the economic and technological implications of the
transformation taking place as IoT proliferates throughout the
508
00:42:21.320 --> 00:42:25.920
enterprise. IoT World combines journalistic coverage
with data analysis to expose the stories,
509
00:42:27.119 --> 00:42:31.400
players, trends, and innovations that
shape the IoT. IoT World has recently
510
00:42:31.440 --> 00:42:37.199
been ranked by core Kcore Analytics as
the number one influencer on several topics such
511
00:42:37.239 --> 00:42:40.719
as the industrial Internet of Things,
smart manufacturing, and skata, and is
512
00:42:40.800 --> 00:42:45.719
ahead of such companies like IBM and
GE. Very impressive. I'm your host,
513
00:42:45.760 --> 00:42:49.800
Elise Cortez. So before the break, Luchon, we're just starting to
514
00:42:49.800 --> 00:42:53.599
talk a little bit about how some
of this artificial intelligence starts to change the
515
00:42:53.599 --> 00:42:57.239
way that we work, and of
course people get scared of that because it's
516
00:42:57.400 --> 00:43:00.360
one it's the big C word change, and we get worried about that,
517
00:43:00.440 --> 00:43:02.960
and it means is we don't know
what's coming. And so one of the
518
00:43:04.000 --> 00:43:07.880
other reasons that I'm very interested in
this particular topic of the Internet of things,
519
00:43:07.920 --> 00:43:13.480
industrial net of things, and artificial
intelligence is I'm very interested about how
520
00:43:13.519 --> 00:43:15.760
the workplace is going to be able
to change, to be able to adapt
521
00:43:15.800 --> 00:43:21.719
to this kind of evolution, as
you said earlier, and what it means
522
00:43:21.760 --> 00:43:24.400
for how people get to engage in
their work and hopefully in a more meaningful
523
00:43:24.440 --> 00:43:29.360
way. And I mentioned to you
on the break that I was reading a
524
00:43:29.360 --> 00:43:35.119
Wall Street Journal article about an organization
that is an energy firm. In their
525
00:43:35.119 --> 00:43:38.920
treasury department, they're actually employing a
robot named Roberta. She's called Roberta,
526
00:43:39.039 --> 00:43:43.840
and her job is to search for
missing payment information and send out reminders.
527
00:43:44.400 --> 00:43:45.840
Who would want to do that kind
of work? I mean, forgive me,
528
00:43:45.880 --> 00:43:49.280
if somebody out there in the listening
audience does that work and you love
529
00:43:49.320 --> 00:43:52.840
it, that's fantastic. Then you
just go to a firm who doesn't have
530
00:43:52.960 --> 00:43:59.679
Roberta working for them right, But
I appreciate what we're presencing for our listeners
531
00:43:59.679 --> 00:44:04.159
about the possibility of what we can
do with the Internet of Things and the
532
00:44:04.199 --> 00:44:08.000
industrial net of things and artificial intelligence
when we actually embrace it. There's a
533
00:44:08.119 --> 00:44:16.159
comment on that. At least as
we started this company, we came across
534
00:44:16.239 --> 00:44:22.559
a similar roboty if you will,
that essentially not only sends the invoices,
535
00:44:22.599 --> 00:44:27.480
but also reminds them that hey,
the same which hasn't be paid your X
536
00:44:27.519 --> 00:44:31.280
amount of days late. And by
the way he manages the payments electronically and
537
00:44:31.320 --> 00:44:37.400
so on, that could change the
way some of the banks is doing wired
538
00:44:37.519 --> 00:44:42.440
transfer person costs a lot of money. Sometimes it's poll visibility into where they
539
00:44:42.519 --> 00:44:45.599
come from until you get the paper
statement and so on. Well, going
540
00:44:45.679 --> 00:44:50.719
back just quickly on this, I
since I've been researching how people experience meaning
541
00:44:50.760 --> 00:44:53.000
and their work for over fifteen years, and that actually that research effort is
542
00:44:53.079 --> 00:44:58.119
now the next step is writing the
book about those results. What I generally
543
00:44:58.239 --> 00:45:01.519
find is that the higher level order
of things that people experience in their work,
544
00:45:01.559 --> 00:45:06.960
when they get into you know,
the people connection, they get into
545
00:45:07.000 --> 00:45:10.440
the use of their minds, they
get into into purpose and values, those
546
00:45:10.519 --> 00:45:14.840
things tend to connote higher level meaning
and higher level engagement. So if we
547
00:45:14.880 --> 00:45:19.199
can remove some of the you know, the the route interaction, that doesn't
548
00:45:19.239 --> 00:45:22.679
require thinking too much. I think
for the most part, people are really
549
00:45:22.760 --> 00:45:27.800
going to win because they're going to
have higher level order skills being tapped to
550
00:45:27.920 --> 00:45:32.800
do their work anyway. So that's
just that's I'm I'm pondering on that topic
551
00:45:32.800 --> 00:45:36.519
because to me, that's how it's
related to my research. All right,
552
00:45:36.559 --> 00:45:39.000
So the next thing I wanted to
ask you related related to what you said
553
00:45:39.000 --> 00:45:43.639
already before. There was a comment
about what you mentioned all the different devices.
554
00:45:43.760 --> 00:45:46.440
Now that in the beginning of the
show, Luchohn, you're talking about
555
00:45:46.480 --> 00:45:52.119
how you know, the Internet of
things connects devices. What we also know
556
00:45:52.480 --> 00:45:55.519
is that there are a rapid number
of The pace at which these things are
557
00:45:55.559 --> 00:46:01.039
being introduced into the marketplace is incredible. So one of the first things that
558
00:46:01.400 --> 00:46:06.639
probably we have to ask is how
are companies addressing the security considerations when this
559
00:46:06.840 --> 00:46:10.599
big mad rush to get their products
to market. Well, thank you for
560
00:46:10.719 --> 00:46:15.280
that's that's a great question, and
there's a lot to talk about it.
561
00:46:15.440 --> 00:46:20.960
But it's also aligned with the way
we started to get traction into this,
562
00:46:21.320 --> 00:46:25.039
and I'm going to focus on the
industrial cybersecurity portion of it, not the
563
00:46:25.119 --> 00:46:29.519
consumer portion. There's a lot to
be talked about the consumer. But in
564
00:46:29.639 --> 00:46:34.840
the industrial settings when things were let's
say, want the first pigle seals into
565
00:46:34.920 --> 00:46:40.559
the late sixties and the seventies,
and most of the automation was isolated islands,
566
00:46:40.719 --> 00:46:45.960
and depending on the level automation,
companies introduced the connected anywhere from the
567
00:46:46.559 --> 00:46:52.800
machine to offer remote visibility into the
machine, to offer interface with the electronic
568
00:46:53.199 --> 00:47:00.079
source planning and so on. There
is the obviously there opened the door for
569
00:47:01.320 --> 00:47:08.119
vulnerabilities. And I divide this era
of industrial fiber security into two. I
570
00:47:08.199 --> 00:47:12.440
call it the bas era that before
stocks net, before stockness, before the
571
00:47:13.760 --> 00:47:22.000
twenty ten virus and the Iranian Center
Fhooge, nobody took seriously about that security.
572
00:47:22.039 --> 00:47:24.760
I there what we're safe because it's
a separate network and there were three
573
00:47:24.800 --> 00:47:29.840
companies they need got acquired by large
players. So now just in January,
574
00:47:29.920 --> 00:47:31.880
as we launched this, as we're
looking to launch, we do the research
575
00:47:32.079 --> 00:47:39.199
on who is who who addresses the
industrial cybersecurity and CBI insight. You're offering
576
00:47:39.239 --> 00:47:45.400
about seven hundred different companies that are
focusing to address this problem cybersecurity, and
577
00:47:45.440 --> 00:47:52.880
maybe about one thousand to sixteen of
them. They're focusing primarily on critical infrastructure
578
00:47:52.960 --> 00:47:58.840
and manufacturing on industrial settings to sixcess
problem. And there's machine learning, meaning
579
00:47:59.159 --> 00:48:06.400
you plug inside thing into the network
and he learns over the course of a
580
00:48:06.440 --> 00:48:14.239
period of time about what's normal and
then basically provides abnormalies to a specialized worker
581
00:48:14.360 --> 00:48:19.719
to address intrusions and so on.
Now, if it stopped there for a
582
00:48:19.760 --> 00:48:22.320
little bit, we continue on the
industry field, but let's take it to
583
00:48:22.760 --> 00:48:29.599
somewhere that the consumers go Waldmarks.
For instance, imagine is standing in line
584
00:48:29.920 --> 00:48:32.920
and maybe around the holiday, there's
fifteen twenty people and you are got x
585
00:48:34.000 --> 00:48:37.320
amount of people in front of you
as you're going to check out. Based
586
00:48:37.320 --> 00:48:44.360
on a transaction it takes to walk
out and check out in the estimate takes
587
00:48:44.440 --> 00:48:46.840
twelve minutes and so on. But
if the folks that are in charge of
588
00:48:47.000 --> 00:48:51.559
that, they could allocate more people. For instance, the solution around that
589
00:48:51.760 --> 00:48:58.400
could be, let's say, offering
a one so it should be let But
590
00:48:58.440 --> 00:49:04.400
there are network monitor like stat Seeker
for instance, they offer parget and network
591
00:49:04.639 --> 00:49:09.440
monitor that would basically monitor over a
million interfaces in every sixty seconds, so
592
00:49:09.639 --> 00:49:16.159
essentially it discovers so the potential client
can basically understand what's on their network and
593
00:49:17.079 --> 00:49:22.159
how their network performs, and near
real time they can make better decision to
594
00:49:22.360 --> 00:49:29.519
allocate research and so on. No, I incredibly appreciate that. And I
595
00:49:29.599 --> 00:49:32.760
also think that when we start talking
about things that our everyday lives can touch,
596
00:49:32.840 --> 00:49:37.039
like standing in line at a grocery
line, it's even easier for people
597
00:49:37.119 --> 00:49:39.400
to start to gain access to this. So thank you for that real world,
598
00:49:39.679 --> 00:49:44.880
simple example for us. I want
to take the conversation next if we
599
00:49:44.920 --> 00:49:46.440
can lootch on. Now we've been
talking a little bit about, you know,
600
00:49:46.519 --> 00:49:51.079
how companies can use this stuff.
I want to also get to how
601
00:49:51.119 --> 00:49:53.239
it can be leveraged with organizations.
But I want to start with culture.
602
00:49:53.440 --> 00:49:58.199
And culture is interesting to me because
as a management consultant, we know so
603
00:49:58.360 --> 00:50:02.039
much that culture is a is the
driving factor for how people are connected in
604
00:50:02.199 --> 00:50:07.599
organization, how things get done,
and actually the results. And you had
605
00:50:07.679 --> 00:50:13.559
said something I think in our first
conversation that your organization works to help build
606
00:50:13.679 --> 00:50:16.719
culture, a culture of innovation,
so embracing that, and I think you
607
00:50:16.840 --> 00:50:22.519
mentioned that some progressive large companies recognize
the need to inject this idea I think
608
00:50:22.599 --> 00:50:28.880
of innovation from small companies into large
Can you say more about how innovation can
609
00:50:28.960 --> 00:50:36.679
be transferred between organizations? Sure?
Absolutely, so I have to quote solim
610
00:50:37.119 --> 00:50:44.320
of Singular University that says something on
the line that if you're in a large
611
00:50:44.400 --> 00:50:47.400
organization, you're trying to innovate from
within, get the immune system into your
612
00:50:47.480 --> 00:50:52.360
life. Well, even not for
all of them. Larger organizations tend to
613
00:50:52.400 --> 00:51:00.320
be more bureaucratis, slow response to
a particular market needs and so on.
614
00:51:00.679 --> 00:51:06.719
So small let's just take for instance, our organization being a media outlet.
615
00:51:07.480 --> 00:51:12.920
If look, we're basically we're providing
great content for audience comes back, whether
616
00:51:13.000 --> 00:51:15.280
that's here via tweet, the link
in Google Plus, whatever media may be,
617
00:51:16.519 --> 00:51:22.400
or email. Essentially, for a
smaller company, they tend to provide
618
00:51:22.559 --> 00:51:27.480
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
00:51:30.159 --> 00:51:35.360
make sure they don't callibilize the market
they need to address. They got six
621
00:51:35.440 --> 00:51:38.760
competing or thirty six competing products.
Almost in some cases because of the acquisition
622
00:51:38.840 --> 00:51:44.599
and inheritance of various type of products. They have to be concerned so they
623
00:51:44.599 --> 00:51:47.679
don't cannobolize the exist of business,
where as smaller starts with a clean sheet.
624
00:51:47.800 --> 00:51:52.280
So one of things earlier on we
recognize that, and we said,
625
00:51:52.360 --> 00:51:58.320
how do we address that? We
can bring both startups in large organizations at
626
00:51:58.360 --> 00:52:00.760
a key and offer the same seat
of table. Large companies may have a
627
00:52:00.800 --> 00:52:07.880
deeper pocket, smaller companies have great
content. So that is why would EXTRA
628
00:52:07.920 --> 00:52:12.440
create a program for startups around the
three million under a million dollars in sales
629
00:52:12.480 --> 00:52:19.880
and under three years of existence to
basically help them basically get accept and get
630
00:52:19.960 --> 00:52:28.199
exposure to our growing forty plus thousand
people audience. Such a great point,
631
00:52:28.360 --> 00:52:31.239
right, you're in doing work around
this space. I could say a lot
632
00:52:31.239 --> 00:52:35.480
about what you just mentioned about large
companies innovating, and it takes a lot
633
00:52:35.559 --> 00:52:37.760
to be able to do that.
We're getting so close to running out of
634
00:52:37.840 --> 00:52:40.800
time, so I want to make
sure that I get in one more question
635
00:52:42.000 --> 00:52:45.079
before we close, and it has
to do with really age groups within organizations.
636
00:52:45.159 --> 00:52:49.239
And I know that when we spoke
on the phone, you said something
637
00:52:49.280 --> 00:52:52.199
about that that you know, current
industrial organizations tend to have an age group
638
00:52:52.280 --> 00:52:55.199
that comprises more older workers than younger
ones, and that there can be a
639
00:52:55.280 --> 00:53:00.599
real problem or opportunity if you consider
it, if older decision makes are managing
640
00:53:00.639 --> 00:53:04.079
our younger ones. Can you tell
us more about why this phenomenal can be
641
00:53:04.119 --> 00:53:08.599
a problem for companies. It's it's
well recognized as manufacturing, for instance,
642
00:53:08.760 --> 00:53:15.960
that that's basically showing there is a
UH over next decade three point five manufactured
643
00:53:16.039 --> 00:53:21.079
jobs that likely need to be felled. There's a skilled gap, there's age
644
00:53:21.159 --> 00:53:24.360
gap, people are retiring, and
and and I want to go back to
645
00:53:24.519 --> 00:53:30.480
a little bit about the decision makers
in charge of large organizations today, UH
646
00:53:30.679 --> 00:53:35.679
and UH. They're used to the
way of doing business, whether it's in
647
00:53:36.079 --> 00:53:42.480
UH marketing, whether it's in the
way they approach the next the next platform
648
00:53:42.880 --> 00:53:47.760
for for for addressing a problem is
binaturally they know on somewhere, so they
649
00:53:47.800 --> 00:53:54.239
are addressing that. Whereas the millennial
and I don't want to put a particular
650
00:53:54.320 --> 00:53:59.519
age bracket on that, but let
me just to the millennials, they tend
651
00:53:59.599 --> 00:54:04.760
to look and say, okay,
what what was other people's experience with this
652
00:54:05.000 --> 00:54:08.920
platform? Where you're choosing the platform
for your manufacturing or for city and so
653
00:54:09.039 --> 00:54:14.639
on. What was there other cities? What was other industrial companies experience with
654
00:54:14.719 --> 00:54:17.880
this platform? And there's plenty of
data. That's why the connected industry helps
655
00:54:17.920 --> 00:54:23.159
because you have real time data on
comments about that thirty seconds left flute,
656
00:54:23.199 --> 00:54:27.880
John, all right, go ahead, thirty seconds left. We have to
657
00:54:28.039 --> 00:54:30.039
We'll have to close here in about
thirty seconds. Go ahead, gotch So
658
00:54:30.360 --> 00:54:37.760
there was My main comment is that
is now companies organizations that recognize the need
659
00:54:37.880 --> 00:54:44.239
to empower these millennials to make decisions, maybe given more autonomy on making those
660
00:54:44.320 --> 00:54:51.400
decisions. Some companies even looked at
basically creating a whole new group and independent
661
00:54:51.519 --> 00:54:54.679
or even a different building than the
existing ones to continue to make decisions.
662
00:54:55.119 --> 00:55:00.320
Uh and almost like a company,
not a company. M hm excellent.
663
00:55:00.239 --> 00:55:04.000
All right, Well, I just
want to let you leave our listeners with
664
00:55:04.199 --> 00:55:07.679
are your just final thoughts? So
maybe in about fifteen seconds, how would
665
00:55:07.719 --> 00:55:10.400
you what would you like to leave
our listeners with today? I would say,
666
00:55:10.440 --> 00:55:15.519
follow your passion, re addlessly,
focus on your strength to compassy the
667
00:55:15.599 --> 00:55:19.840
weaknesses. I would have never imagined
when I was graduated with a computer engineering
668
00:55:20.079 --> 00:55:22.840
degree too, that I would be
writing writing with not one of my strength,
669
00:55:23.360 --> 00:55:28.840
but learn over the period there are
things that energizes me. Around that
670
00:55:28.960 --> 00:55:36.159
then writing to the point small as
I get quite a lot of joy.
671
00:55:36.280 --> 00:55:39.760
So and if you're a startup,
look for synergy for partnerships to go fast.
672
00:55:40.840 --> 00:55:45.039
Wonderful way to finish with John,
Thank you so much for joining me
673
00:55:45.079 --> 00:55:46.440
as a guest today. I've learned
a lot from you. Thank you so
674
00:55:46.599 --> 00:55:51.280
much. Thank you for having me. If you want to learn more about
675
00:55:51.320 --> 00:55:53.719
Luke John Fogoros and the working and
his team are doing it IoT World,
676
00:55:53.960 --> 00:56:00.039
visit him at iotdashworld dot com.
This next week, when we talk with
677
00:56:00.360 --> 00:56:05.639
Isaac Afton of Trigger Give, we'll
be talking about how his exasperation with how
678
00:56:05.679 --> 00:56:09.400
opposing pleas to fund parties in our
recent presidential election spurred him to start trigger
679
00:56:09.440 --> 00:56:14.760
Give, which allows people to quickly
donate money through various social media channels directly
680
00:56:14.800 --> 00:56:17.679
to their intended charity. I think
the conversation will literally showcase how this founder
681
00:56:17.760 --> 00:56:21.840
put his money where his mouth is
and his platform is doing the same for
682
00:56:21.880 --> 00:56:24.440
the users who engage it. See
you then remember that worker is one third
683
00:56:24.480 --> 00:56:34.760
of our life, So let's work
on purpose. We hope you've enjoyed this
684
00:56:34.840 --> 00:56:38.320
week's program. Be sure to tune
into Working on Purpose featuring your host Elise
685
00:56:38.400 --> 00:56:44.119
Cortes, every Wednesday at six pm
Eastern time three pm Pacific time on the
686
00:56:44.239 --> 00:56:49.119
Voice America Empowerment Channel. This week, find your life's purpose at work.





















































