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In this insightful keynote, Wienke Giezeman and Johan Stokking discuss the challenging landscape of IoT and the critical role of an ecosystem of specialists using open standards for seamless collaboration. Emphasizing the importance of LoRaWAN, they showcase how The Things Industries facilitates diverse applications, from mining in Chile to cow tracking in Australia. Highlighting their achievement of connecting 185 million devices, processing almost 2.5 billion messages monthly, they also address the high total cost of ownership per device, approximately $300, and strategies to reduce these costs.
Key initiatives include the launch of a Network Operation Center in the Thing Stack cloud for improved network performance and battery life, and a new certification program to ensure secure and efficient device integration. The keynote underscores the significance of specializing in a niche market, leveraging IoT as a commodity, and utilizing historical data with AI and machine learning for enterprise success.
They stress the importance of 'less is more' in digital transformation, advising the use of existing IT systems with IoT as an add-on, and the balance between focusing on customers and investors for agility and success. Advancements in IoT are also highlighted, like longer battery life for devices and energy harvesting technologies that extend device lifespan, tripling returns on investment. They also discuss the integration of LoRa with satellite technology through Luna Space and Echostar, enhancing network reach and connectivity.
The talk concludes with a look at LoRa relay for network expansion and connecting hard-to-reach devices, emphasizing the continuous evolution and potential of IoT. Attendees are encouraged to enjoy the conference and explore these cutting-edge developments.
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