Online interview with CEO of NetObjex Raghu Bala on loT, AI and BlockchainBy Jan 31, 2019 11 Min Read
Internet of Things (IoT) is the network of interrelated computing devices, sensors, or objects that can communicate, connect and exchange data with other devices on the same network. Some of the groundbreaking advancements for technology in recent year are Artificial intelligence, Internet of Things (IoT) and blockchain. And combining these three technologies together had fired the onset of the “Fourth Industrial Revolution” and bring transformation to many traditional industries.
We recently conducted an interview with Raghu Bala, the CEO of NetObjex, a start up that utilizing Articifical Intelligence, Distributed Ledgers and loT into one single platform, who also teaches MIT Sloan School of Business/Computer Science and AI Laboratory’s course on the Implications of Artificial Intelligence on Business, as well as a Tutor for MIT’s Blockchain course.
What is so special about NetObjex? How do you differentiate yourself in the market?
There are a few things that sets us apart from the competition:
· NetObjex is one of very few entities that does not view IoT, AI and Blockchain as discrete technologies but as part of a continuum. Our Software-as-a Service (SaaS) platform helps automate processes in multiple vertical domains (insurance, finance, supply chain, logistics, healthcare, smart cities etc) by using IoT for data acquisition, AI for Machine Learning, and Blockchain for sharing data, transactions within an ecosystem. All of this happens in real-time through an intelligent bus that routes data from the edge to the cloud and blockchain. A lot of people ask me – why not just use Amazon AWS. Well, Amazon provides you bricks and cement and you can build a house. We give you the key and you can start living. Theirs is a framework. We are a turnkey system.
· While there is a lot of noise about Blockchain and AI in the media, few realize that both those technologies feed off of good quality data. So, data acquisition is key and this is where IoT comes in. It links the physical world to the virtual world. We introduced a Programmable, Secure Gateway device this year as part of our platform, called the PiQube at CES 2019 in Las Vegas. This device supports up to 108 analog and digital Inputs and Outputs, supports a plethora of communication protocols (Ethernet,Wifi, LoRa, Sigfox, NB-IOT, 3G, 4G, and more) and communicates with sensors (wired and wireless). It has use cases in multiple domains. Why it is critical is that it supports the last mile which AI and Blockchain can’t reach. Please refer to this great HBR article on https://hbr.org/2018/06/what-blockchain-cant-do . So, we are different because we offer an end to end solution combining IoT, AI and Blockchain.
· We believe the new systems that we build do not live in a vacuum. They have to co-exist with the big investments corporations have made in systems such as SAP, Oracle, SugarCRM and others. We have an Enterprise Gateway that enables bi-directional communication with incumbent systems.
The following diagram encapsulates our platform in a nutshell.