April 2nd, 2019 Posted by favoriotadminBLOG 0 thoughts on “FAVORIOT Launched a Marketing Campaign to Boost The Usage of IoT with Malaysian IoT Companies”
FAVORIOT have a mission to help the growth and boost the country’s IoT by launching a marketing campaign with several of Malaysian IoT companies that specializes in IoT devices and training such as MyDuino, Cytron, and Alps Alpine.
Question (1) – What’s your comments about the overall IoT industry in Malaysia compared to the rest of the world?
Norfaisal – A bit slow if compared to countries with well-planned cities.
Mu Pathma – Some feel that its slow, but I think each country have its own game plan when coming to IOT implementation, of course, the macro level (gov.) not putting in a serious thought in this, when compared to countries like Singapore, here we focus more on race, religion, and political survivals. SME and MNC having small isolated projects, some are jumping in to grab the $$ associated or be relevant with “new girl in town”.
Mohamad Ariffin – Good. It is moving but quite slow as there are more businesses or organization not yet really understand what is IoT.
Amirul Aizat – Slow movement
Mohd Adib – There are industries in Malaysia already using IoT based technology in their operations, such as in Panasonic on how do they manage the supply chain, etc. However, in general industries in Malaysia needs help on iotizing their operation. Many still in IR 2.5 and in fact 1.0. However, in my opinion, awareness of IR 4.0 /industry 4.0 in Malaysia is good.
Question (2) – What’s your top 3 IoT applications?
Norfaisal
Smart fleet management
Smart home
Smart health
Mu Pathma
Trash Bin Solution
Parking
Healthcare
Amirul Aizat
Smart Home
Smart Energy
Smart City
Mohamad Ariffin
Rain Water Harvesting Monitoring and Analysiss
Production and Energy Monitoring (Factory)
Smart Office
Mohd Adib
Security system
Facility management
Digital campus
Question (3) – List top 3 (or more) stumbling blocks of IoT deployment?
Norfaisal
Budget issue
Unable to figure out efficiency with cost reduction
Reliability concern
Need to educate people – lots of internal task to carry out to meet objectives
Digital migrants issues – baby boomers might be able to tolerate
Mu Pathma
End Customers mentality that initial cost should/must be cheap.
The stupidity of everyone thinking to capitalize on IOT by thinking IOT will work like a magic, it needs multiple domain expert comes together to develop something that works like magic.
False Representation, some technology providers are giving false or not fully “layman” understandable explanation when explaining about using IOT to do XXX. Like 10 years of battery life, where its possible, but with the limitation of one message per day, layman think every 1 min with downlink.
End customer refuses to pay for the solutions IOT provide, making it harder to compute the ROI, this is partly because they used to get for free, monetizing become harder in IOT where initial CapEx is higher
Amirul Aizat
The government would take cognizance that apart from making policies to adopt IoT
Depend on cheap labor or foreign workers
Due to fear of expenditure and refusal to change business styles
Mohamad Ariffin
The myth of IoT development is cheap.
The client is not an expert in his/her domain as we are not able to discuss properly on solving their problem.