Cyberjaya (May 23, 2017) – Even though FAVORIOT, the latest startup in Malaysia, is only about 2 months old in the industry, we felt that we can’t wait for the Internet of Things to be in full market readiness and thus we accept the invitation to showcased our FAVORIOT platform publicly for the first time. We have also included the demo with Promosys HawkEYE Cloud monitoring gateway.

The event was held at MCMC. All of the presenters are from vendors and network provider such as SigFox, Atilze (LoRa), NB-IoT (Huawei), Nokia and ST Microelectronics.

Together with the rest of IoT industry players, we were given a small booth at the Experiential Learning Spaces to showcase our products. It comprised of various companies that are part of the IoT ecosystem. It’s exciting to see a variety of players started to mushrooming – that’s good for a start. Hope more of these events can be supported by the government agencies such as MCMC. Creating awareness about IoT is not only meant for the technology players but also to the people at the street and the actual users.

For a start, getting to know who are the players in the industry is also important. I have mentioned many times that IoT can’t be delivered by a single company. You can try to be a “lone ranger” but it will take much longer time to deliver. Every company has their own specialization and collaboration is a better way to deliver a better end-to-end IoT solution. The industry is still fragmented and no single company monopolizes the game.

IoT in Malaysia is still in the embryonic stage but the opportunity is still very big and it’s everyone’s guess what are the killer IoT applications.

And the fact that many organizations have started asking for an IoT solution (although they are not sure what “solution”) showed that the interest is growing daily.

Upcoming Talk on “IOT Journey” by Dr. Mazlan Abbas, CEO of FAVORIOT at Faculty of Electrical Engineering, Universiti Teknologi Malaysia, Skudai, May 21, 2017

You can also download the presentation from Slideshare.

PHOTOS Gallery

Where is FAVORIOT in the IOT Value Chain, one might ask? In the diagram above, we can see that not a single player can offer the whole value chain of IoT. Even the big players, either they chose one (or more) of them or partner or acquire other smaller companies to complete their ecosystem.

As stated in the article “Internet of Things – Business Models” written by Mohit Agrawal – “IoT platform is perhaps the most misunderstood terminology in IoT. There are different kinds of IoT platforms like the connectivity/M2M platform (primarily focused on connecting the devices via telecom networks/SIM cards without much focus on analytics or data processing), Hardware specific IoT platform (these types of platforms are most likely the proprietary platforms developed by device vendors, e.g. Nest) and Pure IoT platforms (platforms that have been specifically developed for IoT keeping the scale, standards and requirements in mind). Not all kinds of platforms would have the ability to lead the IoT effort. The winning combination is a platform that offers device management, cloud based storage, analytics, data visualization and ability to integrate with 3rd party systems via API or SDK to be able to take advantage of legacy systems as well as wide variety of other IoT hardware and software.”

FAVORIOT focuses on certain verticals that the team has the most experience and also right ecosystem partners i.e. smart cities and smart health.

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