Potential of IoT and where Malaysia’s at.

IoT is no stranger to those following the tech news. It is everywhere. Jump onto The Verge, or Engadget, and you’ll see daily news about Google Assistant, Alexa and HomeKit. However, do you know that the term IoT is not only confined to home automation? Sorry to burst your bubble but IoT is much more than that. In fact, it goes beyond the home. It is so big and important that it is considered part of the upcoming Industry 4.0.

During the Future Forward Forum 2017 recently held in September, One of the speakers, Tan Chee Hon, Panasonic Malaysia strategic B2B development general manager shared “IoT is about connecting people with people or things through the internet. It improves connectivity between people and people, people and machine, and machine and machine”

Tan notes that with the availability of the Long Term Evolution (LTE) network, smart devices and improved IT literacy, the condition is perfect for IoT to flourish. However, he believes the true potential of IoT has not been met yet. This can be seen in the limited scope of IoT implementation in the form of smart devices, security cameras, video intercom, HD video conference, connected AV and home network systems. Tan adds that IoT can do more than that.

Malaysia’s first LoRa network is deployed

And here at jumpadevice, we are on the same page as Tan. You read many reports and articles on home automation, but rarely do we read about how IoT is applied outside the home. Fortunately for Malaysia, we have realised this and is evident in the news the past year. Take for instance how Atilze is deploying the LoRa network in Malaysia. Or how DiGi’s ifleet is enabling tracking of commercial vehicles and the new Usage-Based Insurance for cars. In that respect, Malaysia is doing fairly well. Check out the Digital Evolution Index 2017. Introduced by Harvard Business Review in 2015, it aims ‘to trace the emergence of a “digital planet,” how physical interactions — in communications, social and political exchange, commerce, media and entertainment — are being displaced by digitally mediated ones.’

Digital Evolution Index 2017.

According to the definition of Break Out: ‘Break Out countries have the potential to become the Stand Out countries of the future, with China, Malaysia, Bolivia, Kenya, and Russia leading the pack’. It adds, ‘Clearly, the most exciting region in the world, digitally speaking, is Asia, with China and Malaysia as exemplars. We can expect to see plenty of investor and entrepreneurial interest in this region’.

This is indeed good news and encouragement of where Malaysia’s heading. Kudos to the local industry players in taking steps to ensure that Malaysia is prepared and well equipped. For more in-depth information do continue reading at Harvard Business Review and check out the original report at The Edge.

 

Source: The Edge, Harvard Business Review
Image credit: mimos, Harvard Business Review