Echelon’s CEO Ron Sege is the keynote speaker at the McRock IIoT Symposium on June 12, 2014, in Montreal, Canada. In a speech entitled “A Few Learnings from the Front Lines of the IIoT,” Sege highlights what the IoT is, the size of the market, and where the money is.
Sege focuses on learnings from Echelon’s 25 years building device communication and control platforms for 110 million devices in industrial applications. He points out how Robert Metcalfe’s Law for computer networking will also apply to the IoT, and therefore underscores the importance of connecting the almost 1 billion existing devices in industrial control networks to the Internet. He also highlights the importance of extreme reliability, scalability, and interoperability in industrial applications.
Sege includes in his talk these four prognostications:
- IoT will happen, and it will add big value to world economies.
- It will happen first where there is strong, clear customer value to be unlocked.
- People underestimate the challenges and the timeframes required for the IoT to develop. There are many challenges to surmount.
- The industry will need new skills, new technologies, new ecosystems, and new public policy to grow at its maximum potential.
Other notable speakers at the third annual McRock IIoT Symposium include representatives from Cisco, GE, IBM, Intel, Shell Technology Ventures, and Saudi Aramco Energy Ventures. Taking place at the Hotel St-Paul in Montreal, Canada, the symposium brings together the world’s leading Industrial Internet of Things companies to share knowledge, solutions, and opportunities in the IIoT sector.
After a full day packed with keynotes, panels, and company presentations, participants will enjoy a networking session and guest speaker. Attendees will have the opportunity to question panelists and gain knowledge on how new technologies are being applied in the field.
McRock Capital is the first dedicated Industrial Internet venture capital company focused on the intersection of sensors and software in large industrial markets. Co-founded by entrepreneurial venture capitalists Scott MacDonald and Whitney Rockley, McRock Capital has a talent for identifying and scaling information technology businesses within multi-billion-dollar sectors.
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