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How 5G Communications Supercharges Enterprise Gains from IoT and Sensor Networks

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Robert Cohen
Senior Fellow at Economic Strategy Institute
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IoT Slam 2020 Internet of Things Conference
August 20, 2020, Online, USA
IoT Slam 2020 Internet of Things Conference
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About speaker

Robert Cohen
Senior Fellow at Economic Strategy Institute

Robert Cohen spoke at several previous IoT Slams and is a frequent speaker at Cloud Expo and other conferences. He directs the Economic Strategy Institute’s project on the economic impact of the move to a digital economy that is focusing on IoT, AI, and ML. The project has won a Cisco university grant as well as support from the Ewing Marion Kauffman Foundation, the Berggruen Foundation, Brocade and the OECD. Dr. Cohen has served on the Steering Committee of the Global Grid Forum and has written extensively on enterprise use of IoT. Firms such as Intel, IBM, Corning, Sun, and Juniper Networks have funded his work. Dr. Cohen founded the New York part of the academic Internet, NYSERNet, and is a founding member of the Internet Society. He holds a BA from Swarthmore College and a PhD from the New School for Social Research.

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Topic: IoT

As “Maverick” Mitchell (Tom Cruise) said in Top Gun, “I feel the need — the need for speed!”. Today, smart factories are adopting 5G Private Networks. One of the biggest benefits it to fulfill firms that mimic “Maverick” — with today’s IoT sensor networks, firms can wait 20 milliseconds or more to see results from data analysis. 5G gives firms immediate — 1 millisecond — access to key variables. I will discuss how “knowledge synthesis” serves as a tool to understand the economics of IoT and how network effects within firms and between firms are likely to be supercharged once 5G is added to IoT. Once firms combine these two factors, 5G communications and IoT, they drive firms to extend IoT far more widely. At Scania, the Finnish truck and mining vehicle manufacturer, only 1000 of 10,000 mining vehicles are currently connected to wireless networks. This is changing quickly. One motivation is Scania’s hope to become a provider of connected vehicle services, where customers will subscribe to analytical reports that will help them improve preventive maintenance, optimize the coordination among groups of vehicles, and identify new services that they can sell to customers. In terms of new services, this would be an extension of Scania’s value chain beyond direct sales of vehicles. Moving in this direction would change Scania’s business model to a product-as-a-service model very much like Rolls-Royce, Michelin and FANUC. This presentation will examine why linking 5G and IoT will make Tom Cruise a ‘happy hot gun’. It will also explore how other firms like Mercedes, Ford, Daimler Trucks, Scheider Electronic, and BMW are beginning to link IoT and 5G. I hope to include a short video of Maverick to start the talk.

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