We're told that connected consumers are hailing the beginning of "Industry 4.0", the next industrial revolution, with the Internet of Things being "the single biggest technical innovation opportunity to hit the world in decades, and is expected to bring $116 billion to the Australian economy".
Thus we have the Everything IoT Global Leadership Summit 2017, billed as "the most comprehensive Internet of Things (IoT) event in the Southern Hemisphere to share and learn the business and consumer opportunities IoT technology harnesses, and is claimed as the only event of its kind in Australia".
The event will cover a range of fundamental IoT topics from smart cities, wearables, food tech, healthcare, AI, satellites, drones, robotics, VR Cyber security and blockchain, and will "bring together the brightest minds in IoT globally and locally for two days of insightful presentations, showcases, discussions and real-world case studies, all focusing on the latest research, trends, business opportunities and strategies to help maximise economic and social benefits for Australian businesses".
Naturally, retail, finance, agriculture, healthcare, manufacturing, energy, resources are but a few of the industries already seeing the transformational effect of IoT, and many more will be impacted as it reaches maturity.
Eitan Beinstock, chief executive of Everything IoT, said, “We are in the midst of the biggest and most rapid business transformation in history that will affect us all. A transformation that will require every Australian company to adapt radically if they are to survive. Many traditional corporate leaders will be unnerved to realise that if they don’t evolve quickly their companies may face a rapid extinction.”
Here are a few interesting stats, figures and facts:
- Research undertaken by the IoT Alliance Australia has revealed $116 billion of potential upside to the Australian economy by 2025.
- Five billion items are currently wirelessly connected to the Internet worldwide.
- Fifty billion is the projected number of internet-connected data-producing devices in three years.
- IoT will generate as much as $US4-$US11 trillion a year in economic value globally and transform every aspect of Australian lives.
- As mobile, cloud computing and sensing technologies become cheaper, IoT has gained momentum and IoT technologies are fuelling new financially valuable business models.
- The hype surrounding IoT has continued to soar since 2016, this has led to a growing number of startups in Australia harnessing this emerging technology.
- In Australia alone there are companies developing soil sensors for farmers, remote energy monitoring, clever car alarms and designing smart cities.
The IoT Global Leadership Summit highlights include:
- Local and global expert keynote speakers covering a variety of IoT fundamental topics.
- Australian IoT start-up and innovators showcase and demos.
- Expert panel discussions about the challenges and opportunities in implementing IoT innovations.
- Super tech focus: artificial intelligence, drones, satellites and blockchain.
- IoT Start-ups pitching competition and showcase.
- Corporate and start-up IoT hackathon.
- Sector Forums in: smart cities, transport, agriculture, food technologies, healthcare & well-being, energy & resources
Just some of the case studies of IoT technology to be examined at the event include:
NEVER SEARCH FOR A PARKING SPACE EVER AGAIN:
Parkam – The only solution that finds and navigates drivers to the best available parking space in real-time.
FARMER 4.0: IoT TECHNOLOGY BECOMES AN EXTRA FARMHAND
Smart Paddock – Is a platform for cattle farmers to remotely track and monitor the health and location of their herds 24 hours a day. The system uses small, multi-sensor ear tags which send the data over a long range wireless network to the farmer’s smartphone or computer.
Watersave – A farmer purchases a single gateway, which can communicate with up to a thousand sensors as required. End-of-row sensors, flow meters and soil moisture probes are fitted in a single paddock. These sensors will trigger an alert the moment a pump is sufficiently irrigated. Mico-weather stations record local data, which can be collated with various farming outputs. This data can be stored for a number years, assisting farmers and Agronomists in their decision making. The collection of historical data also assists to identify trends. Initially a farm can purchase one of each unit, to measure the cost savings on a single paddock before adopting a farm-wide solution. Data can be accessed via a mobile platform and easily plug into software platforms as required by the farmer.
EXERCISE IN A VIRTUAL WORLD
Elanation – Wearable for kids that measures steps, distance and heart rate, ensuring that a child's personal data is not collected. Children can pair the wearable to an Apple iPhone or iPad via Bluetooth and access an online game where exercise and physical steps taken by the child are translated into ‘energy’ that the child’s online avatar can use while exploring the virtual world and to reach new levels. Once the avatar's energy is depleted, the child must continue their physical play so they can progress further in the game.
Solar bins Australia – Contain internal compactors that compress the waste within them, and also possess inbuilt sensors and wifi connectivity to communicate their fill status via SMS and email to rubbish collectors. The use of solar energy on the bins themselves to power the compaction and communications eliminates the reliance on grid energy.The internal compactors allow up to five times the amount of waste to be held within the bins, improving their capacity and reducing the number of trips for collectors to empty them.
The event will be held from 9am to 6.30pm.
More information here, where it is still possible to purchase a ticket to attend.