By Terri Foudray, ConvIOT® CEO and Founder

 

Every company that makes things walks a like between efficiency and productivity. Even the largest and most sophisticated organizations use these terms interchangeably. But while they’re related, they have different definitions.

Let’s start with efficiency, which concerns QUALITY. The simplest definition is that there is a target or potential output, and efficiency is how close you come to that. A machine has the capacity to produce 10,000 gallons of something per hour, but it only produces 6,000, so it’s 60% efficient. So, the things that hurt efficiency at a manufacturer are things like downtime, hiccups in the supply chain, waste, low quality, and other things. Efficiency is all about working smarter, to get more out of less.

Productivity, on the other hand, is a measure of the total output in a given amount of time, or QUANTITY. Using the example above, a machine is more productive if it can make 10,000 gallons per hour, but you find a way to make 11,000. Efficiency is a component of productivity, but productivity is about increasing the overall yield, achieve greater results.

Clearly both productivity and efficiency matter. But in most businesses, particularly those in traditional manufacturing, having productivity without efficiency is a sure way to kill the business.

What if you had a platform that could drive both efficiency and productivity? What it takes is an always-on “Management Sherpa” for seeing, learning and acting to manage your factory floor in real time and preemptively. This would address the efficiency aspect. And with such a tool you’ll be able to run your processes better with less waste, less unplanned downtime, and better quality/safety. And you’ll be able to run your business better – more productivity – through unified control and easy-to-use tools for better decisions. This takes both #EdgeComputing and #Cloud.

Just coincidently, this is exactly what ConvIOT® does. Run your processes more efficiently, and get the insights you need get more out of what you already have. To learn more, send me an email at info@ConvIOT.com

As part of The StartUp Magazine’s  ongoing Female Founders  series, The Startup Magazine asked RUMBLE CEO and Founder Terri Foudray, for her views on the continued digitization of our physical world. Terri holds the premise that technology is a great disrupter – and no area more so than the launch of the Internet of Things. However, digitizing objects to create “smart products” for our daily work and home lives has created some last-mile challenges that have threatened to derail the promise of IoT.

Ms. Foudray is a dynamic thought leader in the IoT space, founding her IoT company, RUMBLE to integrate Edge computer solutions and help solve the IoT performance shortfall. Terri is a strong STEM advocate and an active member of the advisory board for CompTIA’s Advisory Council.

In the article below, Terri offers her views on the need for effective management and harnessing of the reams of data produced by smart objects in the emerging smart world.

The promise of the Internet of Things, or “IoT” was one of connection. Specifically, IoT was projected to connect more than 50 billion objects generating about 80 zettabytes of data. The reality, however, is far different. While connection has happened, we are still far from that mind-boggling 80 zettabyte projection. Does that mean the IoT is not real or useful?

Not at all.

Read the article titled IOT, Bridging the Performance Process Gap for more on CEO Terri Foudray’s viewpoint.

Internet of Things (IoT) technology is poised for a breakout year in 2020 as companies in the early majority market segment begin to invest in IoT-related projects. A major hurdle for these efforts is the chronic shortage of technologists who understand the specialized non-IP networks often used for data collection from sensors on the edge. In addition, few security experts are familiar with techniques used to secure networks when hundreds or even thousands of edge devices are connected through non-IP networks, each providing a unique attack surface. RUMBLE IoT CEO Terri Foudray offers 2020 IoT predictions for these issues and some potential solutions for integration of non-IP networks in this article.

KANSAS CITY – December 11, 2019. The year 2019 was a year of expansion for RUMBLE IoT as it delivered on key growth metrics in advance of seeking a new funding round in Spring 2020. Successes included the completion of key IoT projects in the automotive and fleet markets, growth of the leadership team, the opening of a new research and development center, and awards recognition from leading analyst firms and associations.

Automotive, Fleet Expertise Highlighted in Successful 2019 Projects

RUMBLE IoT successfully completed projects that demonstrated its ability to solve challenges presented by the need to securely aggregate disparate types and sources of data to enable better decision making closer to the source.

  • RUMBLE IoT developed a solution for the Auto Care Association that provides vehicle owners with freedom of choice and control over their vehicle data.
  • RUMBLE IoT supported Fleet Complete in a new program targeted to boost public safety for communities across the US. RUMBLE IoT built an application delivering near real-time insights into potentially dangerous first-responder driving behavior. The system was rolled out in 600 first-responder vehicles in St. Louis this summer with great success and plans to expand to approximately 400,000 vehicles worldwide.

RUMBLE IoT adds experienced Silicon Valley Strategic Advisor to leadership team

Jitendra Kavathekar has joined RUMBLE as Strategic Advisor. Jitendra is an investor and advisor to tech startups, bringing his enthusiasm and keen eye for transformative technology experience and industry expertise, together with his extensive network, to help his portfolio companies accelerate. As a former co-founder and managing director with Accenture Ventures and Open Innovation, he led a global team to turn technology innovation within ecosystems of startups, universities, and corporate labs into business results. As Strategic Advisor, Jitendra will help advise RUMBLE IoT in market development and positioning.

RUMBLE IoT opens Boise R&D Office

Joining the ranks of emerging tech companies putting down roots in Idaho, RUMBLE opened a new research and development office in the growing tech center of Boise. According to CompTIA, Idaho saw a 44.9% increase from 2016 to 2017 in the number of job postings related to emerging technologies, including the Internet of Things, smart cities, drones, artificial intelligence, machine learning, virtual reality and augmented reality, and blockchain. Led by founder Perry Lea, the Boise office is hiring experts in IoT and edge computing to lead the R&D effort for RUMBLE IoT’s edge computing platform.

RUMBLE IoT Receives National Recognition

RUMBLE IoT received several leadership awards in 2019

  • Compass Intelligence recognized RUMBLE IoT for IoT Solution Deployment Leadership
  • Women Tech Founders named founder Terri Foudray winner of the Intelligence & Automation Award for Women in Tech

To further fuel market growth and R&D for its proprietary IIoT Edge Computing platform, RUMBLE IoT is seeking interested investors. If interested, please contact RUMBLE IoT today.