In this special edition of talkIoT podcast, Gugu Lourie sits down with Vox’s CEO Jacques Du Toit to talk about how his company is tackling and providing Internet of Things (IoT) solutions to South Africa.
Jacques has been running Vox for more than 5 years and making shareholders smile from ear to ear as he continues to create shareholder value. As the company continues to grow it will be difficult for shareholders – Lereko Metier Capital and Investec – to sell and just maybe one day Jacques will buy this business. Just a thought. We will be there if it ever happens.
We chat to Jacques about why is Vox excited about On-Boarding Diagnostics (OBD) in cars?
He chat to us about how Vox is planning to tackle the rental car market through its IoT solutions?
We also try to find out how is Vox planning to disrupt the insurance market through IoT solutions? That space is currently dominated by Discovery Insure.
For more access our podcast below:
The IIoT is a major trend with significant implications for the global economy.
Nowadays, the term, the IIoT, has become increasingly more pervasive in the context of industry as digitization has become a business priority for many organizations. So what is the Industrial Internet of Things?
IIoT, also known as the Industrial Internet, brings together brilliant machines, advanced analytics, and people at work. It’s the network of a multitude of devices connected by communications technologies that results in systems that can monitor, collect, exchange, analyze, and deliver valuable new insights like never before. These insights can then help drive smarter, faster business decisions for industrial companies.
The IIoT is transforming industry —changing the way industries work. Whether it’s enabling predictive analytics to detect corrosion inside a refinery pipe, or providing real-time production data to uncover additional capacity in a plant, or driving visibility and control over your industrial control systems environment to prevent cyber attacks, the IIoT—and the software solutions powered by it—are driving powerful business outcomes.
By combining machine-to-machine (M2M) communication, industrial big data analytics, technology, cyber security, the IIoT is driving unprecedented levels of efficiency, productivity, and performance
It spans industries representing 62 percent of gross domestic product (GDP) among G20 nations, according to Oxford Economics, 1 including manufacturing, mining, agriculture, oil and gas, and utilities.
It also encompasses companies that depend on durable physical goods to conduct business, such as organizations that operate hospitals, warehouses and ports or that offer transportation, logistics and healthcare services.
The most conservative independent estimates place spending on the IIoT worldwide at $20 billion in 2012, with spending expected to reach $500 billion by 2020. More optimistic predictions of the value created by the IIoT range as high as $15 trillion of global GDP by 2030.