Day 2 addressed the essential questions in helping our audience – SMEs and large corporations included – to design their very own IoT roadmap. Over the day, multiple case studies from across the globe were shared.
Day 1 of the 29th edition of Asia IoT Business Platform presented us with real implications of IoT in alleviating traffic congestion; when a smart car and a smart city grid “start talking” to each other, we have traffic flow optimisation and rerouting of our vehicles to less congested areas. Imagine not having to wait in agonisingly long traffic. IoT is beneficial in many aspects of business and consumer lifestyle, but the larger dilemma is how do we implement it? Or rather, what are the pre-conditions necessary for successful IoT adoption?
(Read: IoT as business enabler – Key Takeaways from Day 1)
Day 2 addressed these essential questions in helping our audience – SMEs and large corporations included – to design their very own IoT roadmap.
Over the day, multiple case studies from across the globe were shared, including:
- UK Power Grid’s success in building a safe, secure, reliable IoT critical infrastructure system. A 5-step guide was presented by Patrick Conway (Business Development Director, Virtual Access – N’osairis): 1) Network resilience, 2) Hardened devices, 3) Cybersecurity, 4) Automate deployment and 5) Telemetry.
- Korea Electric Power Corporation’s (KEPCO) Behind the Meter Project. Suzie Nien (Director of Sales and Business Development, ARM), shared about their recent work to transform smart utilities for the largest energy company in South Korea, by expanding the existing metering system, connecting and analyzing data from 20 million devices.
- Daimler AG’s success in using Digital Twin to simulate various scenarios in real-time, which leads to reduction of fuel use, improvement of plant operations, and energy trading decisions (thanks to Dr Mbang Sama, Head of Digitalisation – Simulation Manufacturing Load Cases, Daimler AG).
- Kuehne & Nagel’s vision of digital twin utilising the concept of connected warehouse. Ng Kian Sin (Global Head of Innovation, Kuehne & Nagel), gave a comprehensive overview on how digital solutions should aim to address the challenges faced by logistics companies in the present world such as high transportation costs and volatile consumer demand.
We also saw local government agencies and institutions taking a proactive approach in developing local use cases.
In the government address given by Dato’ Syed Mohamed bin Koyakutty (Senior Director of Sectoral Policy Division, Ministry of International Trade and Industry), he set an optimistic tone for SMEs and companies looking to digitalise by introducing the many government initiatives put in place to “attract, create and transform” industries. The measures include readiness assessments, loans, funds grants and income tax incentives.
Dr Yoong Siew Wai (Senior Manager, National Strategic Initiative, MIMOS Berhad), shared their holistic approach towards ‘Farm-to-Fork’ Ecosystem’, which entails detailed strategy of managing value chain in answering the ‘5Ws and 1H’.
Additional takeaways from panel discussions of the day:
Preparing Malaysia for Utility of the future
Datuk Ir. Ahmad Fauzi Bin Hasan (Chairman, Energy Commission), Sim Ko Sin (Vice President, Communications Technology Sarawak Energy Berhad) and Megat Jalaluddin Megat Hassan (Chief Retail Officer, Tenaga Nasional Berhad) and Sharifuddin (Head of IT, Gas Malaysia), immersed in a dialogue revolving around the constraints and responsibilities of the utility sector including improving environment performance, keeping consumers’ costs down, and ensuring system reliability.
They summarised the main challenges foreseen by the utility sector as the “Trilemma”: Availability, Accessibility and Sustainability. What is interesting about the evolving energy sector is that unlike current business models, the future will involve the role of consumers in energy production as a crucial part of the whole ecosystem. The value chain is completely changing and whether or not we reap the benefits of digitalisation depends on “our culture and mindset”.
The panel was led by Dr. Thinagaran Perumal (Senior Lecturer, University Putra Malaysia), with honourable panelists Jeyasigan P Narayanan Nair (Director of Advanced Technology and R&D Division, MIDA), Azli Razali (Head of Digital Strategy, Sime Darby Plantation), Charles Khoo (Senior Research and Innovation Manager, APM Holding Berhad) and Dr. Yoong (MIMOS Berhad).
Under the common consensus that “you can fail within boundaries” the panel emphasized the importance of companies embracing digitalisation and the ‘industry-university-government’ chain of connection. The discussion also dispelled the notion that automation is destroying jobs and clarified that it is in fact creating more jobs and shifting the economic grounds to a more developed society. One of the main takeaways was that “change is the only constant”. The faster SMEs, especially, realise this and utilise the various existing government measures, the faster their business will flourish.
Enabling the Competitiveness of the Logistics Industry
Moderated by Dr Shardul (Director of Research, Malaysia Institute For Supply Chain Innovation), our panelists including Woo Kam Weng (CEO, Pos Aviation), Sangeetha Ranganath (Head of Digital, Pos Malaysia) and Prasad Babu (Head of Ecosystem Development, Malaysia Digital Economy Corporation) shared useful insights and advice with the audience, for instance, on how to outsource solutions that are not under one’s core expertise to better take advantage of IoT.
Dr Shardul stressed the importance of good strategy and rethinking processes to design better solutions. “It’s not a one size fits all, rather a case-based learning that companies need to adopt to advance their businesses.”
The conference concluded with a display of various technologies from Taiwan companies, led by the Taipei Computer Association. It encompassed power-efficient sensors and a multitude of different ways of connecting devices to cloud-based analytics, using low-power wide-area networks, a 1 app platform encompassing middleware, portal and security.
~ Technology tells markets how to move; markets tells technology how to respond.
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3 May 2019