Industrial Internet turns into business
Espotel, a well-known designer of embedded systems, now invests into industrial Internet applications. A new business unit for Industrial Internet and Internet of Things has been established, and Chief Technology Officer Jaakko Ala-Paavola has been appointed as the Head of this unit.
The aim of the new unit is to innovate and implement new digital business models. According to Ala-Paavola the working method is characterized by agility, as well as start-up attitude. New business models, new customers, new markets and the utilization of new technologies are the objectives of the unit.
Jaakko Ala-Paavola is very familiar with the possibilities of industrial internet, since he is also a member of the TEKES Industrial Internet program’s strategic steering committee.
"We provide comprehensive expertise throughout the whole chain of industrial internet: implementation of all parts of the system from the sensors to the cloud. Our sensory information processing analytics responds to the business process needs. Typically, we start from a pilot project. Based on the results of the pilot, we estimate the added value to the business. In other words, we are involved in the innovation from the beginning, and we assist in finding new markets”, Chief Technology Officer and Head of IoT unit Jaakko Ala-Paavola says.
True IoT competence is measured by the device development
Technology is not at the center of industrial internet. What is essential is a new way of thinking about devices and applications. While the traditional product development focuses on the implementation of identified products, the industrial internet development is often about searching for new products and business models. Ala-Paavola believes that genuine IoT expertise is based on who can develop and deliver both the physical device and the cloud integration and create both the necessary analysics and business benefit.
"Industrial Internet is not only for machine construction and electrical engineering domains, as you often hear people saying. For example, last week we started an IoT project for a company in the infrastructure and building automation business. It's great to see what kind of business enabling applications we will find in the future", Jaakko says.