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.

Internet of Things – We Are At The Tip of An Iceberg

You are likely benefitting from The Internet of Things (IoT) today, whether you’re familiar with the term. If your phone automatically connects to your home, or if you have a smartwatch counting your steps, congratulations! You have adopted one small piece of a very large IoT pie, even if you haven’t adopted the name yet.

IoT may sound like a business buzzword, but it’s a real technological revolution that will impact everything we do. It’s the next IT Tsunami of new possibility that is destined to change the face of technology, as we know it.

IoT represents a massive wave of technical innovation. Highly valuable companies will be built and new ecosystems will emerge from bridging the offline world with the online into one gigantic new sensor network.  Our limited understanding of the possibilities hinders our ability to see future applications for any new technology. Mainstream adoption of desktop computers and the Internet didn’t take hold until they became affordable and usable. When that occurred, fantastic and creative innovation ensued. We are on the cusp of that tipping point with the Internet of Things.

IoT matters because it will create new industries, new companies, new jobs, and new economic growth. It will transform existing segments of our economy: retail, farming, industrial, logistics, cities, and the environment. It will turn your smartphone into the command center and gateway for both digital and physical objects in your life. You will live and work smarter, not harder – and what we are seeing now is only the tip of the iceberg.

About the Author

Dr. Mazlan Abbas is currently the Co-Founder and CEO of FAVORIOT Sdn Bhd. He is an IOT Evangelist and a Thought Leader. He received an award as 50 Most Impactful Smart Cities Leaders by World CSR 2017. He is ranked No. 20th Thought Leader in IOT by 2014 Onalytics Report – “The Internet of Things – Top 100 Thought Leaders”, ranked Top 10 in IoT Top 100 Influencers by Postscapes 2016/2017, ranked Top 100 in Smart Cities Top Experts by Agilience Authority Index May 2016. He is also a Global Vision Board Member. You can reach him on LinkedIn or Twitter. Check all his presentation slides HERE.

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